Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

21st Century Combines Broadcasting, Television Under New Business Unit

RELATED NEWS
Trade FOXA now with 

Media and entertainment company 21st Century Fox (FOXA: Quote) said Monday that Dana Walden and Gary Newman will oversee a new business unit within Fox Networks Group, Fox Television Group, which will combine Fox Broadcasting Co ("FBC") and 20th Century Fox Television ("TCFTV").

The announcement was made by Peter Rice, chairman of Fox Networks Group, to whom both Newman and Walden will now report. Their respective appointments are effective later this month.

In their new roles as chairmen and CEOs of Fox Television Group, Newman and Walden will be responsible for all facets of the FOX broadcast network, including programming, digital, marketing and other functions.

The new roles also call for the duo to continue oversight of 20th Century Fox Television, which they have led for the past 15 years.

20th Century Fox Television is comprised of the parent studio, cable production arms Fox 21 and Fox Television Studios, the licensing division Fox Consumer Products and the syndication division Twentieth Television. While both companies will be housed within Fox Television Group, FBC and TCFTV will continue to operate as independent entities, but will share financial and creative goals, and be led jointly by Walden and Newman.

Fox Television Group will operate as a division of Fox Networks Group, which also oversees 21st Century Fox's domestic entertainment, sports and non-fiction channels, as well as Fox International Channels' collection of more than 300 channels worldwide.

Named Presidents of 20th Century Fox Television in December 1999, and later elevated to Chairmen and then Chairmen and CEOs, Newman and Walden have built the studio into an undisputed industry leader, the company said in a statement.

Last June, 21st Century Fox split off from News Corp (NWSA, NWS) and went on to possess the media and entertainment assets. Its portfolio consists of cable and broadcasting properties, including FOX, National Geographic Channels, STAR, as well as film studio Twentieth Century Fox Film.

FOXA closed Monday at $35.54, down $0.10 or 0.28%, on a volume of 5.5 million shares on the Nasdaq.

Register
To receive FREE breaking news email alerts for Twenty-First Century Fox, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After moving modestly higher in morning trading, stocks showed a substantial move to the downside over the course of the trading day on Wednesday. The major averages pulled back well off their highs for the session, sliding firmly into negative territory. Ebola "czar" Ron Kain is scheduled to meet with President Barack Obama on Wednesday as he begins his efforts to coordinate the government's response to the deadly disease. Klain, who previously served as chief of staff to Vice President Joe Biden and then-Vice President Al Gore, was named as Ebola Response Coordinator last Friday. Potentially complicating the outlook for control of the Senate, the results of a SurveyUSA poll conducted for WXIA-TV in Atlanta suggest that the Georgia Senate race between Republican David Perdue and Democrat Michelle Nunn could be headed for a runoff.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.