Fox Corp FOXA.O on Tuesday reported better-than-expected quarterly revenue, with an 8% rise in ad revenue due to higher political advertising revenue on its TV stations. Adds segment revenue, details Nov 2 (Reuters) - Paramount Global PARA.O fell short of analysts' estimates for quarterly revenue on Wednesday, as the media giant struggled with the absence of major content releases and an extended weakness in ad sales. A host of factors like high inflation, softening consumer demand across product and services, and geo-political unrest in certain regions have forced companies to pull back on advertising spending.