21st Century Fox

Twenty-First Century Fox, Inc., doing business as 21st Century Fox (21CF), was an American multinational mass media corporation that was based in Midtown Manhattan, New York City. It was one of the two companies formed from the 2013 spin-off of the publishing assets of News Corporation, as founded by Rupert Murdoch in 1980.

21st Century Fox was the legal successor to News Corporation dealing primarily in the film and television industries. It was the United States' fourth-largest media conglomerate until its acquisition by The Walt Disney Company. The other companies, the "new" News Corporation, holds Murdoch's print interests and other media assets in Australia (both owned by him and his family via a family trust with 39% interest in each). Murdoch was co-executive chairman, while his sons Lachlan Murdoch and James Murdoch were co-executive chairman and CEO, respectively.

21st Century Fox's assets included the Fox Entertainment Group—owners of the 20th Century Fox film studio (the company's partial namesake), the Fox television network, and a majority stake in National Geographic Partners—the commercial media arm of the National Geographic Society, among other assets. It also had significant foreign operations, including the prominent Indian television channel operator Star India. The company ranked No. 109 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[3]

On July 27, 2018, 21st Century Fox shareholders agreed to sell the majority of its assets to Disney for $71.3 billion. The sale covers the majority of 21CF's entertainment assets, including 20th Century Fox, FX Networks, and National Geographic Partners among others. Following a bidding war with Fox, Sky plc (a British media group which Fox held a stake in) was acquired separately by Comcast, while Fox's FSN regional sports networks will be sold to third parties to comply with antitrust rulings. The remainder, consisting primarily of the Fox and MyNetworkTV networks, and Fox's national news and sports operations, were spun out into a successor known as Fox Corporation, which began trading on March 19, 2019. Disney's acquisition of 21CF was closed on March 20 after which the remaing Fox's assets were scattered across the divisions of The Walt Disney Company.[4]

Coordinates: 40°45′31″N 73°58′56″W / 40.7585°N 73.9823°W

Twenty-First Century Fox, Inc.
21st Century Fox
Traded as
IndustryMass media
FateMajority of assets sold to and merged with The Walt Disney Company; portions of assets spun off to Fox Corporation. Remaining assets sold to Comcast, and Yankee Global Enterprises[1]
PredecessorNews Corporation
SuccessorFox Corporation
The Walt Disney Company
FoundedJune 28, 2013
FounderRupert Murdoch
DefunctMarch 20, 2019
Headquarters1211 Avenue of the Americas,
New York City, New York
Area served
Key people
RevenueIncrease US$30.400 billion (2018)
Decrease US$4.410 billion (2018)
Increase US$4.464 billion (2018)
Total assetsIncrease US$53.831 billion (2018)
Total equityIncrease US$19.564 billion (2018)
Number of employees
22,400 (2018)
ParentThe Walt Disney Company
Website21cf.com (now redirects to thewaltdisneycompany.com/21cf)
Footnotes / references



21st Century Fox was formed by the splitting of entertainment and media properties from News Corporation. In February 2012, Natalie Ravitz accepted a position to become Rupert Murdoch's Chief of Staff at News Corporation.[5]

News Corporation's board approved the split on May 24, 2013, while shareholders approved the split on June 11, 2013;[6] the company completed the split on June 28 and formally started trading on the NASDAQ on July 1.[7][8][9]

Plans for the split were originally announced on June 28, 2012, while additional details and the working name of the new company were unveiled on December 3, 2012.[10][11][12]

Murdoch stated that performing this split would "unlock the true value of both companies and their distinct assets, enabling investors to benefit from the separate strategic opportunities resulting from more focused management of each division." The move also came in the wake of a series of scandals that had damaged the reputation of the company's publishing operations in the United Kingdom.[8][10] The split was structured so that the old News Corporation would change its name to 21st Century Fox and spin off its publishing assets into a "new" News Corporation.[9][13][14]

While the company was originally announced as the Fox Group, on April 16, 2013, Murdoch announced the new name as a way to suggest the retaining of 20th Century Fox's heritage as the group advances into the future. Its logo was officially unveiled on May 9, 2013, featuring a modernized version of the iconic Fox searchlights.[15][16]

However, the 21st Century Fox brand does not extend to the existing 20th Century Fox division (which remains under its original name).[17]

The formation of 21st Century Fox was officially finalized on June 28, 2013. It formally began trading on the NASDAQ and Australian Securities Exchange on July 1, 2013.[18][19]

Subsequent history

On January 8, 2014, Rupert Murdoch announced plans to delist 21st Century Fox's shares from the Australian Securities Exchange, in favor of solely trading on the NASDAQ. Its listing in Australia was a holdover from its period as News Corporation, and 21st Century Fox has relatively little presence in Australia, unlike News Corp. Murdoch stated that the changes, which were expected to be complete by June 2014, would "simplify the capital and operating structure" of 21st Century Fox and provide "improved liquidity" to shareholders.[19][20] Also that month, the company acquired a majority ownership in YES Network, a New York regional sports network founded by the New York Yankees.[21]

In June 2014, 21st Century Fox made a bid to acquire Time Warner, which had similarly spun off its publishing assets, for $80 billion in a cash and stock deal. The deal, which was rejected by Time Warner's board of directors in July 2014, would have also involved the sale of CNN to ease antitrust issues.[22] On August 5, 2014, 21st Century Fox announced it had withdrawn its bid for Time Warner.[23] The company's stock had fallen sharply since the bid was announced, prompting directors to announce 21st Century Fox would buy back $6 billion of its shares over the following 12 months.[24]

On July 25, 2014, 21st Century Fox announced the sale of Sky Italia and Sky Deutschland to BSkyB for $9 billion, subject to regulatory and shareholder approval.[25] Fox would use the money from the sale, along with $25 billion it received from Goldman Sachs, to attempt another bid for Time Warner.[26]

In December 2014, Fox-owned television studio Shine Group merged with Apollo Global Management's Endemol and Core Media Group to form Endemol Shine Group, which is jointly owned by 21st Century Fox and Apollo.[27]

On September 9, 2015, 21st Century Fox announced a for-profit joint venture with the National Geographic Society, National Geographic Partners, which took ownership of all of National Geographic media and consumer businesses, including National Geographic magazine, and the National Geographic-branded television channels that were already run as a joint venture with Fox. 21st Century Fox holds a 73% stake in the company.[28][29]

On December 9, 2016, 21st Century Fox announced it had made an offer to acquire the 61% share of Sky plc that it did not already own.[30][31][32] The company was valued at £18.5 billion. The deal was approved by the European Commission on April 7, 2017,[33] followed by Ireland's Minister for Communications, Climate Action and Environment on June 27.[34] However, the deal has become subject to scrutiny and an extended regulatory review in the United Kingdom, over concerns surrounding the plurality of British news media that will be owned by the Murdoch family post-merger (counting Sky News, as well as News Corp's newspapers and recent acquisition of radio station operator Wireless Group), and violations of British news broadcasting regulations connected to Sky's former carriage of Fox News Channel in the country.[35][36][37][38] However, a bidding war ensued over the company; in September 2018, Comcast won a regulator-mandated auction with a bid of £17.28 per-share.[39][40][41] On September 26, 2018, 21st Century Fox subsequently announced its intent to sell all of its shares in Sky plc to Comcast for £12 billion.[42][43] On October 4, 2018 21st Century Fox completed the sale of their stake to Comcast, giving the latter a 76.8% controlling stake.[44]

The Kingdom Holding Company, owned by Prince Al-Waleed bin Talal, sold its minority stake in 21st Century Fox during the fiscal quarter ending September 2017. It previously held a 6% stake, which had been reduced to around 5% in 2015. The valuation of the shares, or who they were sold to, is unknown; Al-Waleed was the company's largest single shareholder behind the Murdoch family. The sale was reported after Al-Waleed was arrested in early-November 2017 as part of an anti-corruption probe by the Saudi government.[45]

On December 5, 2017, 21st Century Fox appointed Uday Shankar, Chairman and CEO of Star India, as the company's president for Asia. The new role would oversee Fox's television and online video platform business across the region, and the President of Fox Networks Group Asia would report directly to Shankar (instead of the equivalent at FNG U.S.). This did not affect 20th Century Fox's film business in the region, whose heads would continue to report to the Charman and CEO of the film company.[46][47][48][49][50][51][52]

On April 10, 2018, European Commission officials conducted an unannounced search of Fox Networks Group's West London offices, as part of an antitrust inquiry surrounding broadcast rights to sporting events.[53][54]

Sale to Disney

On December 14, 2017, after rumors of such a sale, The Walt Disney Company announced its intent to acquire 21st Century Fox for $52.4 billion after the spin-off of certain businesses, pending regulatory approval.[55][56][57] 21st Century Fox president Peter Rice stated that he expected the sale to be completed by mid-2019.[58]

Under the terms of the deal, 21st Century Fox will spin off an entity that was initially being referred to as "New Fox", consisting of the Fox Broadcasting Company, Fox News, Fox Business Network, and the national operations of Fox Sports (such as Fox Sports 1, Fox Sports 2, and Big Ten Network, but excluding its regional sports networks), and Disney will acquire the remainder of 21st Century Fox.[55] This will include key entertainment assets such as the 20th Century Fox film studio and its subsidiaries, a stake in Hulu, the U.S. pay television subsidiaries FX Networks, Fox Sports Networks, and National Geographic Partners, and international operations such as Star TV. The acquisition is primarily intended to bolster two over-the-top content endeavors—ESPN+ and a planned Disney entertainment service.[59][60] Disney will lease the 20th Century Fox backlot in Century City, Los Angeles for seven years.[61]

The proposed transaction has raised antitrust issues, due to concerns that it could lead to a tangible loss in competition in the film and sports broadcasting industries.[62][63] Several legal experts and industry analysts have expressed the opinion that the transaction is likely to receive regulatory approval, but would be scrutinized by regulators.[63][64]

In February 2018, the Wall Street Journal reported that Comcast, owner of NBCUniversal, was considering a counter-offer. Despite initially bidding $60 billion earlier, Fox had rejected Comcast's offer due to the possibility of antitrust concerns.[65][66][67] On May 5, 2018, it was reported that Comcast was preparing to make an unsolicited, all-cash counteroffer to acquire the 21st Century Fox's assets Disney has offered to purchase, contingent on the outcome of an antitrust lawsuit AT&T's acquisition of Time Warner.[68][69][70][71] Comcast confirmed on May 23, 2018 that it was "considering, and is in advanced stages of preparing, an offer for the businesses that Fox has agreed to sell to Disney."[72]

A shareholder vote on the sale was scheduled for special shareholder meetings by Fox and Disney on July 10, 2018, at the New York Hilton Midtown and New Amsterdam Theatre respectively, although Fox warned that it might "postpone or adjourn" the meeting if Comcast were to follow through with its intent to make a counter-offer. It was also reported that Disney was preparing an all-cash offer of its own to counter Comcast's bid.[73][74][75]

On June 13, 2018, the day after AT&T was given an approval to merge with Time Warner, Comcast officially announced a $65 billion counter-offer to acquire the 21st Century Fox's assets Disney had offered to purchase.[76] However, on June 20, 2018, Disney agreed to increase its bid to a $71.3 billion cash-and-stock offer.[77][78] Fox agreed to the new offer.[79]

The proposed purchase was given antitrust approval by the Department of Justice on June 27, 2018, under the condition that Disney divest all of Fox's regional sports networks. The networks could either be divested to third-parties, or retained by "New Fox".[80] On July 19, 2018, Comcast announced it was dropping its bid for Fox in order to focus on its bid for Sky. On July 27, 2018, it was reported that Fox and Disney shareholders had "overwhelmingly" approved the proposed purchase. The acquisition was expected to be completed by late January 2019, after remaining regulatory approvals are granted in China and the European Union.[81][82][83]

In October 2018, it was reported that the new, post-merger organizational structure of "New Fox" would be implemented by January 1, 2019, ahead of the closure of the Disney sale (which was still expected to occur within the early of March).[84]

On November 6, 2018, the European Commission approved the sale, pursuant to the divestment of A&E Networks properties in Europe deemed to overlap with those of Fox.[85] At a shareholders' meeting the following week, it was revealed that the new company would simply be known as "Fox".[86] On November 19, 2018, the deal was approved unconditionally by Chinese regulators.[87]

On January 7, 2019, 21st Century Fox filed the registration statement for "New Fox", under the name Fox Corporation, with the U.S. Securities and Exchange Commission.[88] In an SEC filing, Fox stated that it did not intend to bid for its former regional sports networks.[89]

In February 2019, it was reported by Bloomberg that Disney had planned to divest the international Fox Sports operations in Brazil and Latin America to secure antitrust clearance in Brazil and Mexico, as they both compete with ESPN International properties in their respective regions.[90] On February 27, 2019, the sale was approved by Brazil's Administrative Council for Economic Defense (CADE), with Disney having agreed to the expected divestiture of Fox Sports Latin America. CADE coordinated with regulators in Mexico and Chile in evaluating the transaction. Mexico approved the sale on March 12, 2019, with similar concessions.[91] Clearance in Brazil and Mexico was reported to be the last major hurdles for the sale.[92]

On March 12, 2019, Disney officially announced that the sale would be completed on March 20, 2019.[93] On March 19, 2019, the spin-off of Fox Corporation from 21st Century Fox was completed in preparation for final consummation of the sale.[94][95]

Corporate governance

On its formation in 2013, Murdoch was chairman and chief executive officer (CEO) of the company, while Chase Carey took the posts of president and chief operating officer.[96] Co-chairman and Co-CEO positions were created in 2014 and filled by Lachlan Murdoch and James Murdoch, respectively, both sons of Rupert Murdoch.[97]

On July 1, 2015, Lachlan Murdoch was elevated to Co-Executive Chairman alongside his father and James Murdoch replaced his father as CEO.[98] Former COO Chase Carey became Executive Vice-Chairman.[99]


21st Century Fox primarily consists of the media and broadcasting properties that were owned by its predecessor, such as the Fox Entertainment Group and Star India. News Corporation's broadcasting properties in Australia, such as Foxtel and Fox Sports Australia, remain a part of the newly renamed News Corp Australia—which was spun off with the new News Corp and is not a part of 21st Century Fox.[13]


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External links

20th Century Fox Television

Twentieth Century Fox Television (or TCF TV or TCFTV, stylized as 20th Century Fox Television), is a television-production studio owned by the Walt Disney Television division of The Walt Disney Company. 20th Television is the syndication and distribution arm of 20th Century Fox Television.On December 14, 2017, The Walt Disney Company announced plans to purchase assets of 21st Century Fox, including 20th Century Fox Television. Disney's acquisition of 21st Century Fox completed on March 20, 2019, 12:02 AM (EDT).

Acquisition of 21st Century Fox by Disney

An acquisition of 21st Century Fox by The Walt Disney Company took place on March 20, 2019. Among other key assets, the acquisition included the 20th Century Fox film and TV studios, Fox Television Group (along with cable channels such as FX), international networks, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu. Immediately preceding the acquisition, 21st Century Fox spun off the Fox Broadcasting Company, Fox Television Stations, Fox News Channel, the Fox Business Network, FS1, FS2, Fox Deportes and the Big Ten Network into the new Fox Corporation.Comcast (parent company of NBCUniversal) made its own offer on June 13, 2018, a $65 billion all-cash proposal to acquire the Fox assets that Disney was set to purchase. This touched off a major bidding war between the two companies. A week later, Disney counterbid with a $71.3 billion offer. Comcast officially dropped its bid on July 19 to focus on acquiring a controlling stake in Sky plc.

Fox Corporation

The Fox Corporation (abbreviated Fox Corp. and informally the "New Fox") is an American mass media company headquartered in Midtown Manhattan, New York City. It was formed from the 2019 acquisition of 21st Century Fox (itself formed from the 2013 split of News Corporation) by The Walt Disney Company. Fox Corp. is the legal successor to 21st Century Fox, from which it was spun off and began trading in place of on March 19, 2019. It is owned by the Murdoch family via a family trust with 39% interest; Rupert Murdoch is co-executive chairman, while his son Lachlan Murdoch is chairman and CEO.

Fox Corp. deals primarily in the television broadcast, news and sports broadcasting industries by way of the remaining 21st Century Fox assets that were not acquired by Disney. They include the Fox Broadcasting Company, Fox Television Stations, Fox News, the Fox Business Network, the national operations of Fox Sports, and others. Its sister company under Murdoch's control, News Corp, holds his print interests and other media assets in Australia.

Fox Entertainment Group

Fox Entertainment Group was an American entertainment company that operated through four segments, mainly filmed entertainment, and cable network programming. The company was the owner of 20th Century Fox, Fox Networks Group, and FX Networks. It was wholly owned and controlled by the American media conglomerate 21st Century Fox, which was chaired and partially owned by Rupert Murdoch. 21st Century Fox was formerly known as News Corporation, which acquired all the stock of Fox Entertainment Group in 2005. In 2013, News Corporation was renamed 21st Century Fox and its publishing assets were spun off into the newly formed News Corp as part of a corporate re-organization.It was named after William Fox, born Vilmos Fried Fuchs, who created the original 20th Century Fox Film Corporation.

Fox Networks Group

Fox Networks Group was 21st Century Fox's primary operating unit for television distribution. It produced and distributes 300+ entertainment, sports, factual and movie channels in 45 languages across Latin America, Europe, Asia and Africa, using several brands, including Fox, STAR India, National Geographic Channel and BabyTV. Among their non-linear brands were Fox Now and Hotstar. These brands reached over 1.725 billion households around the world.

Fox Networks Group consisted of Fox Television Group, Fox Cable Networks, Fox Sports Media Group, National Geographic Partners and Fox Networks Digital Consumer Group.

Fox Sports

Fox Sports is the brand name for a number of sports channels, broadcast divisions, programming, and other media around the world that are either controlled or partially owned by the family of Rupert Murdoch, or companies called Scream Factory and Shout! Factory. These assets are held mainly by Fox Corporation, with the exception of the operations in Australia, which are part of News Corp Australia. (21st Century Fox and News Corp are the two companies resulting from the breakup of the larger News Corporation in mid-2013; the Murdoch family retains voting control of both entities.)

The name originates from the Fox Broadcasting Company in the United States, which in turn was derived from the name of the Fox Film Corporation (later 20th Century Fox). The Fox Sports name has since been used in New Fox's and News Corp's other sports media assets around the world.

On December 14, 2017, The Walt Disney Company announced plans to acquire 21st Century Fox (Fox Sports' parent) for $52.4 billion; this will include key assets such as 20th Century Fox, FX Networks, National Geographic Partners, its regional sports networks, and its international networks. The Fox television network, Fox News Channel, and the non-regional Fox Sports assets (Fox Sports 1 and 2 (FS1 and FS2) cable channels, and the part of Fox Sports attached to the Fox television network) will be spun off into an independent company run by the Murdoch family.

Fox Sports Arizona

FOX Sports Arizona is an American regional sports network that is owned by FOX Cable Networks, a unit of the Fox Entertainment Group division of 21st Century Fox, and operates as an affiliate of Fox Sports. The channel broadcasts professional, collegiate and high school sports events, with a primary focus on Phoenix area teams. It is available on most cable providers throughout Arizona; FOX Sports Arizona is also available nationwide on satellite providers DirecTV and Dish Network.

Fox Sports Florida

Fox Sports Florida is an American regional sports network that is owned by Fox Cable Networks, a unit of the Fox Entertainment Group division of 21st Century Fox, and operates as an affiliate of Fox Sports Networks. The channel broadcasts local sports coverage in the state of Florida, with a focus on professional sports teams based in Miami, Tampa and Orlando.

Fox Sports Florida maintains production facilities and offices located in Fort Lauderdale, alongside sister network Fox Sports Sun. The channel is available on cable television providers throughout Florida, and in parts of southern Alabama and Georgia; it is also available nationwide on satellite via Dish Network and DirecTV.

On December 14, 2017, as part of a merger between both companies, The Walt Disney Company announced plans to acquire all 22 regional Fox Sports networks from 21st Century Fox, including Fox Sports Florida. However, on June 27, 2018, the Justice Department ordered their divestment under antitrust grounds, citing Disney's ownership of ESPN. It is unknown whether the networks will be divested to other parties, or be retained by the proposed "New Fox" (which will consist of the assets excluded from Disney's purchase, including the Fox broadcast network, Fox News Channel and Fox Business Network, and the remainder of the Fox Sports division).

Fox Sports Ohio

Fox Sports Ohio is an American regional sports network that is owned by Fox Cable Networks, a unit of the Fox Entertainment Group division of 21st Century Fox, and operates as an affiliate of Fox Sports Networks. The channel broadcasts regional coverage of sports events in the state of Ohio, with a focus on professional sports teams based in Cleveland and Cincinnati, which are broadcast on separate programming feeds, as well as Columbus.

Fox Sports Ohio is available on cable providers throughout Ohio, as well as parts of Indiana, Kentucky, northwestern Pennsylvania, border communities of West Virginia, and extreme southwestern New York; it is also available nationwide on satellite via DirecTV and Dish Network.

Fox Sports Sun

Fox Sports Sun, formerly Sun Sports and originally Sunshine Network, is an American regional sports network that is owned by Fox Cable Networks, a unit of the Fox Entertainment Group division of 21st Century Fox, and operates as an affiliate of Fox Sports Networks. The channel broadcasts local coverage of professional, collegiate and sporting events in the state of Florida, with a focus on professional sports teams based in Miami, Tampa and Orlando. Fox Sports Sun and sister regional sports network Fox Sports Florida are headquartered in Fort Lauderdale, Florida.

Fox Sports Sun is available on cable providers throughout Florida; it is also available nationwide on satellite via DirecTV and Dish Network.

On December 14, 2017, as part of a merger between both companies, The Walt Disney Company announced plans to acquire all 22 regional Fox Sports Networks from 21st Century Fox, including Fox Sports Sun and sister network Fox Sports Florida. However, on June 27, 2018, the Justice Department ordered their divestment under antitrust grounds, citing Disney's ownership of ESPN. It is unknown whether the networks will be divested to other parties, or be retained by the proposed "New Fox" (which will consist of the assets excluded from Disney's purchase, including the Fox broadcast network, Fox News Channel and Fox Business Network, and the remainder of the Fox Sports division).

Fox Sports Tennessee

Fox Sports Tennessee is an American regional sports network that is owned by Fox Cable Networks, a unit of the Fox Entertainment Group division of 21st Century Fox, and operates as an affiliate of Fox Sports Networks. The channel broadcasts regional coverage of professional and collegiate sports events in the state of Tennessee, namely the Memphis Grizzlies and Nashville Predators.

Fox Sports Tennessee is available on cable providers throughout Tennessee, northern Alabama, eastern Arkansas and northeastern Mississippi, with an estimated reach of 1.8 million subscribers, and nationwide on satellite via DirecTV and Dish Network.

Fox Telecolombia

Fox Telecolombia S.A. is a major Colombian television production company in Spanish, founded in 1995 as the programadora Producciones Bernardo Romero Pereiro. Its president is Samuel Duque Rozo. It changed its name to Telecolombia in 1999. In 2007, News Corporation's Fox International Channels bought a 51% share in the company, which in turn, owned by The Walt Disney Company Latin America after its acquisition of 21st Century Fox by The Walt Disney Company in March 20, 2019.

In 2009 Fox produced Mental, the first American TV series produced in Latin America for international markets. The series was filmed at the Fox Telecolombia complex in Bogotá.

Fox Television Stations

Fox Television Stations, LLC (FTS; alternately Fox Television Stations Group, LLC), is a group of television stations located within the United States which are owned-and-operated by the Fox Broadcasting Company, a subsidiary of the Fox Corporation.

FTS produced the first 25 seasons of Fox's program COPS (through Fox Television Stations Productions), until it moved to Spike (now Paramount Network) in the 2013-14 season. It also oversees the MyNetworkTV service and has a half-interest in the Movies! digital subchannel network, which is shared with Weigel Broadcasting.

List of programs broadcast by Fox Business

This is a list of programs broadcast by Fox Business Network (FBN). Fox Business is an American cable and satellite business news television channel that was launched on October 15, 2007. It is owned by the Fox Entertainment Group division of 21st Century Fox, and the network discusses business and financial news.

National Geographic Partners

National Geographic Partners, LLC is a joint venture of The Walt Disney Company (which owns 73% of shares) and the namesake non-profit scientific organization National Geographic Society (which owns 27%). The company oversees all commercial activities related to the Society, including magazine publications and television channels.

The company was originally established by 21st Century Fox and the National Geographic Society; Disney assumed Fox's share after acquiring Fox.

News Corp

News Corporation (officially referred to and trading as News Corp) is an American entertainment company, formed as a spin-off of the original News Corporation (as founded by Rupert Murdoch in 1980) focusing on newspapers and publishing.

It is one of two companies which succeeded the former News Corporation, alongside 21st Century Fox—which consisted of the old News Corporation's broadcasting and media properties, such as Fox Entertainment Group. The spin-out was structured so that 21st Century Fox would be the legal successor and continuation of the old News Corporation, with the new News Corp being an entirely new company formed by a stock split.

Its notable assets include Dow Jones & Company (publisher of The Wall Street Journal), News UK (publisher of The Sun and The Times), News Corp Australia, Realtor.com as well as book publisher HarperCollins.

Sister station

In broadcasting, sister stations or sister channels are radio or television stations operated by the same company, either by direct ownership or through a management agreement.

Radio sister stations will often have different formats, and often one station is on the AM band while another is on the FM band. Conversely, several types of sister-station relationships exist in television; stations in the same city will usually be affiliated with different television networks (often one with a major network and the other with a secondary network), and may occasionally shift television programs between each other when local events require one station to interrupt its network feed.

Sister stations in separate (but often nearby) cities owned by the same company may or may not share a network affiliation. For example, WNYW and WWOR-TV, in New York City and Secaucus, New Jersey, are both owned by 21st Century Fox. WNYW is a Fox owned-and-operated station; WWOR-TV is a MyNetworkTV owned-and-operated station. In addition, stations in different cities affiliated with the same network, but not sharing an ownership tie, may refer to each other informally as sister stations.

Sister networks or sister channels, in many cases, are cable or satellite channels which are launched to either broadcast series which either premiered on the main network but has been moved out of the higher-priority schedule (such as TV Land), fulfill a specific niche of content which would not be fulfilled on the main network (such as Nick Jr. or Nicktoons) or broadcast to a wider audience than the main network (such as CNN International or Al Jazeera English). However, in other cases, these cable or satellite channels may only share common ownership. The establishment and proliferation of sister networks on cable, satellite and internet providers has become easier and more commercially profitable over the history of such media venues.

Sky (company)

Sky Limited is a British media and telecommunications conglomerate. Headquartered in London, it has operations in the United Kingdom, Ireland, Germany, Austria, Switzerland, Italy and Spain. Sky is Europe's largest media company and pay-TV broadcaster by revenue (as of 2018), with 23 million subscribers and more than 31,000 employees as of 2019. The company is primarily involved in satellite television and broadband services.Initially formed in 1990 by the equal merger of Sky Television and British Satellite Broadcasting, BSkyB became the UK's largest digital pay television company. In 2014, after completing the acquisition of Sky Italia and Sky Deutschland, the merged company changed its name to Sky plc.Prior to November 2018, Rupert Murdoch's 21st Century Fox owned a 39.14% controlling stake in the company; on 9 December 2016, following a previous attempt under News Corporation that was affected by the News International phone hacking scandal, 21st Century Fox announced that it had agreed to buy the remainder of Sky, pending government approval. However, after a bidding war that included The Walt Disney Company (which was, in turn, acquiring most of 21st Century Fox), U.S. media and telecoms conglomerate Comcast acquired the entirety of Sky in 2018 for £17.28 per-share.

Prior to the acquisition, Sky was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index and had a market capitalisation of approximately £18.75 billion (€26.76 billion) as of 2018.

X-Men (film series)

X-Men is an American superhero film series based on the fictional superhero team of the same name, who originally appeared in a series of comic books created by Stan Lee and Jack Kirby and published by Marvel Comics. 20th Century Fox obtained the film rights to the characters in 1994, and after numerous drafts, Bryan Singer was hired to direct the first film, released in 2000, and its sequel, X2 (2003), while Brett Ratner directed X-Men: The Last Stand (2006).

After each film earned higher box office grosses than its predecessor, several spin-off films were released, including a Wolverine trilogy from 2009 to 2017 and a Deadpool duology from 2016 to 2018. Three X-Men prequels were also released from 2011 to 2016. X-Men, X2, X-Men: First Class, The Wolverine, X-Men: Days of Future Past, Deadpool, Logan and Deadpool 2 were all met with positive reviews from critics, and X-Men: The Last Stand and X-Men: Apocalypse received mixed reviews while X-Men Origins: Wolverine received negative reviews.

With eleven films released, the X-Men film series is the seventh highest-grossing film series, having grossed over $5.7 billion worldwide. It is set to continue with the releases of Dark Phoenix and The New Mutants in 2019. The two films will be distributed by Walt Disney Studios Motion Pictures after its purchase of 21st Century Fox.

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