Businessweek reports that Rupert Murdoch’s 21st Century Fox Inc. plans to form a TV-production venture with Apollo Global Management LLC, combining the companies that made American Idol and The Biggest Loser. Fox, the New York-based media company, and funds affiliated with Apollo, the private-equity group led by Leon Black, reached a preliminary accord to own and manage the venture, the parties said in a statement on May 15. Murdoch would combine Fox’s Shine … [Read more...] about Shine and Endemol enter joint-venture talks