Fox’s Mur­doch eyes re­gional sports net­works

Viet Nam News - - MARKETS -

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.

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