Following the deal with The Walt Disney Company, 21st Century Fox has announced that it intends to spin off to its shareholders a portfolio of its highly-rated news, sports and broadcast businesses to create a new Fox, which will be a growth company centred on live news and sports brands, anchored by the strength of the Fox Network.
The new “Fox” will include iconic branded properties Fox News Channel, Fox Business Network, Fox Broadcasting Company, Fox Sports, Fox Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network (BTN). It will also include the company’s studio lot in Los Angeles and equity investment in Roku.
21st Century Fox creates new Fox with businesses not sold to Disney
The new “Fox” will include iconic branded properties Fox News Channel, Fox Business Network, Fox Broadcasting Company, Fox Sports, Fox Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network (BTN). It will also include the company’s studio lot in Los Angeles and equity investment in Roku.
21st Century Fox creates new Fox with businesses not sold to Disney
