Fox’s Murdoch eyes regional sports networks
NEW YORK — Twenty-First Century Fox Inc Executive
Chairman Lachlan Murdoch said Thursday it is still an “open question” whether the company will buy back the regional sports networks it sold to entertainment company Walt Disney Co in July as part of a US$71 billion deal.
Speaking at the New York Times Co’s DealBook conference in New York, Murdoch, who will become
CEO of the remaining company “New Fox,” said the company “will be inquisitive” in looking at the possibility of buying back the sports assets.
Disney won a bidding war earlier this year against cable company Comcast Corp to acquire Fox’s film and TV assets. But the US Justice Department has said Disney, which owns cable sports network ESPN, must divest Fox’s 22 networks that provide sports programming for regional and local markets.