21st Century Fox


Comcast in ‘advanced stages’ of preparing all-cash offer for Fox

Comcast has confirmed that it is considering making an all-cash offer for the Fox assets that have been offered to Disney for US$52billion (€44 billion). In a statement, the corporation confirmed that it is, “considering, and is in advanced stages of preparing, an offer for the businesses that Fox has agreed to sell to Disney.” […]

Boost for Comcast’s Sky bid as Hancock ‘not minded’ to intervene

Comcast has received a boost in its bid for Sky as UK secretary of state for culture, media and sport Matt Hancock has said he is “not minded” to intervene. While the UK Enterprise Act grants Hancock the power to intervene in media mergers on public interest ground, he said that the evidence presented so […]

‘New Fox’ names management team headed by Lachlan Murdoch

Twenty-first Century Fox (21CF) has named Lachlan Murdoch (pictured) as the executive chairman and chief executive officer for the proposed ‘New Fox’, which will be established as Disney purchases Fox assets in the coming year. The new structure will also see Rupert Murdoch serving as co-chairman and John Nallen, 21CF’s chief financial officer, taking a […]

Fox Sports to broadcast US Open in 4K HDR over 5G

Fox Sports is to use 5G technology to stream 4K video for broadcast across the US at this year’s US Open golf championship in June. The broadcaster has tapped the services of its own Fox Innovation Lab and partners Ericsson, Intel and AT&T for the transmission. The 5G wireless technology will transmit 4K HDR images […]

21st Century Fox to up investment in Indian streaming service Hotstar

Twenty-First Century Fox has announced plans to up its investment in its Indian streaming service Hotstar after seeing strong reach and an increase in viewers for IPL cricket. Speaking on 21st Century Fox’s third quarter earnings call last week, CEO James Murdoch said that the company’s Star India subsidiary will invest about US$50 million in […]

Comcast ‘preparing’ potential new bid for Fox

Comcast is reportedly preparing a new bid for 21st Century Fox. Separately, the US cable and programming giant has notified the European Commission of its bid for Sky, according to reports. According to Reuters, Comcast has asked investment banks to extend a debt facility to the company by as much as US$60 billion (€50 billion), […]

New Africa team for Fox Networks Groups

Fox Networks Group (FNG) Europe and Africa has unveiled a new executive team structure for its Africa division, which currently operates eight pay TV channel brands including National Geographic, Fox, Fox Sports and Baby TV. As part of the shake-up, Vasilis Iliopoulos will expand his role to become SVP for FNG Africa, alongside his existing […]

Comcast makes £22bn cash bid for Sky

Comcast has made a firm cash offer for Sky that values the pay TV operator at £22 billion (€25 billion), with a commitment to maintain annual expenditure on Sky News for at least 10 years and to establish an independent editorial board for the channel. The announcement, which accompanied Comcast’s Q1 results, puts the US […]

Sky reports 10% earnings increase despite ‘challenging environment’

Sky reported a 10% increase in earnings for the nine months to March 31, despite what CEO Jeremy Darroch described as a “challenging consumer environment”. Announcing results for the first nine months of its financial year, Sky said that earnings before interest, taxation, depreciation and amortisation (EBITDA) came to £1.7 billion (€2 billion) – up […]

AMC Networks invests in US$75m FuboTV funding round

US sports and TV streaming service FuboTV has secured US$75 million (€60 million) in new funding from companies including AMC Networks and previous investor Sky. Other investors include 21st Century Fox, Luminari Capital, NorthZone and Discovery-owned Scripps Networks Interactive. The streaming outfit plans to use the money to hire more engineers as well as to […]

1 3 4 5 6 7 18