News Corp. (NWS, NWSA) said Tuesday that 21st Century Fox will be the new name of the independent media and entertainment company created by the proposed separation of its businesses.
The name, which will be effective with the separation, draws on the company's creative heritage, while also speaking to the future as well as the innovation that defines its portfolio of businesses, News Corp. noted.
21st Century Fox replaces the previously announced name Fox Group.
Reaching more than a billion people in 100 local languages every day, the proposed 21st Century Fox will be home to a global portfolio of cable and broadcasting networks and properties, including FOX, FX, FXX, FS1, Fox News Channel, Fox Business Network, Fox Sports, Fox Sports Network, National Geographic Channels, Fox Pan American Sports, MundoFox and STAR; film studio Twentieth Century Fox Film; and television production studios Twentieth Century Fox Television and Shine Group. The proposed company will also provide premium content to millions of subscribers through its pay-television services in Europe and Asia, including Sky Deutschland, Sky Italia and its equity interests in BSkyB and Tata Sky.
Rupert Murdoch will serve as Chairman and CEO of the proposed 21st Century Fox, while Chase Carey will be the future company's President and Chief Operating Officer.
In June 2012, News Corp. announced its intent to pursue the separation of its business into two separate independent companies, one of which will hold the company's global media and entertainment businesses and the other which will hold the businesses comprising News Corp.'s newspapers, information services and integrated marketing services, digital real estate services, book publishing, digital education and sports programming and pay-TV distribution in Australia.
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