Fox Corporation

Fox Corporation (also referred to as New Fox) is a proposed mass media company that is being formed as a result of the proposed acquisition of 21st Century Fox by Disney and will serve as the corporate spin-off for the assets The Walt Disney Company does not acquire. The company launched on January 1, 2019.

Fox will be the legal successor to 21st Century Fox dealing primarily in the television broadcast, news and sports industries. The sister company, the News Corp, holds Rupert 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 is co-executive Chairman, while his son Lachlan Murdoch is co-executive Chairman and CEO, respectively.

Fox's assets will include the Fox Broadcasting Company, Fox Television Stations, Fox News, the Fox Business Network, FS1, FS2, Fox Deportes, Big Ten Network, and others.

Formation
On November 6, 2017, CNBC reported that The Walt Disney Company was negotiating a deal with Rupert Murdoch to acquire 21st Century Fox's filmed entertainment, cable entertainment, and direct broadcast satellite divisions.

In May 2018, it was confirmed that Lachlan Murdoch, rather than James Murdoch, would take charge of the New Fox company.

On June 20, 2018, The Walt Disney Company announced a definitive agreement to acquire 21st Century Fox for $71.3 billion in cash and stock. Assets being assumed by the acquisition include the 20th Century Fox film and TV studios, Fox Television Group (along with cable channels such as FX), international networks, stakes in National Geographic Partners, Asian satellite TV group Star, additional 30% stake in Hulu, and other key assets. 21st Century Fox will spin-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 Murdoch's company.

Because Disney owns the American Broadcasting Company (ABC), and 21st Century Fox owns the Fox Broadcasting Company, a full acquisition of Fox by Disney would be illegal under the Federal Communications Commission (FCC)'s rules prohibiting a merger between any of the four major broadcast networks.

The deal was approved by shareholders of both companies on July 27, 2018.

On October 10, 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 is still expected to occur during the first half of 2019). On November 14, 2018, it was revealed that the new independent company will maintain the original "Fox" name.

Assets

 * Fox Broadcasting Company
 * Fox Now
 * Fox Television Stations Group
 * 28 stations
 * Fox Television Stations Productions
 * MyNetworkTV
 * Movies! (50%)
 * Fox News Group
 * Fox News Channel
 * Fox Business Network
 * Fox News Radio
 * Fox News Talk
 * Fox Nation
 * Fox Sports Media Group
 * Fox Sports
 * FS1
 * FS2
 * Fox Deportes
 * Big Ten Network (51%)
 * Fox Soccer Plus
 * Fox College Sports
 * Fox Sports Radio
 * Fox Sports Digital Media
 * FoxSports.com
 * Fox Sports Go
 * Home Team Sports (HTS) – advertising sales for sports channels including other regional sports networks plus commercial and program production, events, and local live custom brand integration
 * Fox Sports College Properties – college rights holder for Big East Conference, several colleges: Michigan State, Auburn, San Diego State, Georgetown & USC and the Los Angeles Memorial Coliseum
 * Impression Sports & Entertainment – naming rights and event sponsorships
 * The 20th Century Fox studio lot (although it will be leased by The Walt Disney Company)
 * FOX Films - Fox Corporation's new movie unit.