New York – 21st Century Fox announced on August 5 that it has withdrawn its proposal to acquire Time Warner Inc. Chairman and CEO Rupert Murdoch commented: “We viewed a combination with Time Warner as a unique opportunity to bring together two great companies, each with celebrated content and brands. Our proposal had significant strategic merit and compelling financial rationale and our approach had always been friendly. However, Time Warner management and its Board refused to … [Read more...] about 21st Century Fox withdraws proposal to acquire Time Warner Inc.
21st Century Fox
Fox Broadcasting Company and 20th Century Fox Television unites in new business unit
New York – 21st Century Fox announced on July 14 that Dana Walden and Gary Newman will oversee a new business unit within Fox Networks Group, Fox Television Group, which will combine Fox Broadcasting Company (FBC) and 20th Century Fox Television (TCFTV). The announcement was made by Peter Rice, Chairman of Fox Networks Group, to whom both Newman and Walden will now report. Their respective appointments are effective later in July. In their new roles as Chairmen and CEOs of Fox … [Read more...] about Fox Broadcasting Company and 20th Century Fox Television unites in new business unit
BSkyB in talks to buy Murdoch’s Europe pay-TV businesses
Reuters – Britain's largest pay-TV company BSkyB is in talks to buy Sky Deutschland and Sky Italia, a €10 billion deal that would realise Rupert Murdoch's long-held ambition to combine his European TV interests in a single business. The potential tie-up would create a broadcaster with 20 million subscribers and more clout to deal with growing competition from rivals such as BT in sport as well as online groups like Netflix in movies and blockbuster TV shows. In 2010, Murdoch had … [Read more...] about BSkyB in talks to buy Murdoch’s Europe pay-TV businesses
FOX Sports renews Australian Open rights for 20 territories in Asia
Asia – FOX International Channels (FIC) Asia, 21st Century FOX’s international multi-media business and Asia’s leading pay-TV network, announced that they have successfully renewed the multi-year contract for the exclusive rights to broadcast the Grand Slam of the Asia-Pacific, the Australian Open, across 20 territories in Asia. The tournament, the first of the annual Grand Slam events, has been a part of FOX Sports’ line-up for over 16 … [Read more...] about FOX Sports renews Australian Open rights for 20 territories in Asia
FIC Asia secures new sports rights and programming
Asia – Within a year of its acquisition of the sports business, FOX International Channels (FIC) Asia, 21st Century FOX’s international multi-media business and Asia’s leading pay-TV network, has boosted its sports channels FOX Sports and STAR Sports, resulting in higher viewership and returns. The sports network is integrating with FIC's existing bouquet of entertainment, factual and lifestyle channels with the acquisition of signature sports events such as the Bundesliga … [Read more...] about FIC Asia secures new sports rights and programming
TPG to acquire 21st Century Fox’s remaining stake in Phoenix TV
Hong Kong - TPG, a global private investment firm and 21st Century Fox have announced that they have entered into a definitive agreement, pursuant to which TPG agreed to acquire the remaining 12.15% stake held by 21st Century Fox’s (21CF) wholly-owned subsidiary Star Entertainment Holdings Limited in Phoenix Satellite Television Holdings Limited (Phoenix TV). Upon completion of the sale, 21CF will no longer hold an equity interest in Phoenix and its … [Read more...] about TPG to acquire 21st Century Fox’s remaining stake in Phoenix TV
