My understanding is Fox News and the cable sports networks will be spun off into their own private company. Hard to see this lasting long as a freestanding enterprise.
President Trump on Thursday gave billionaire Rupert Murdoch his blessing over the decision to sell a large chunk of his Twenty-First Century Fox empire over to the Walt Disney Company.
Trump reportedly signaled his approval after Murdoch assured him that the Fox News Channel, the president’s favorite source of information, would remain unaffected, according to Vanity Fair.
Disney struck a deal to buy film, television and international businesses from Twenty-First Century Fox Inc for $52.4 billion in stock, giving the world’s largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and Amazon.com Inc.
This is a HUGE deal for Disney and Fox. Disney needed Hulu to help with the competition’s – Netflix and Amazon – streaming. For Disney, this really