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Did Disney Just Buy Fox News? Rumors are swirling that Disney has purchased Fox News, but the deal has not been officially confirmed.
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The Rumor
The Walt Disney Company is in talks to buy most of Twenty-First Century Fox, according to a new report from CNBC. This would include Fox’s movie studio, its TV production studios, some cable networks, and international assets.
What started the rumor?
The rumor started with a tweet from @Artie604, who has a track record of accurately predicting Disney-related news. His tweet claimed that Disney was in talks to buy Fox News, and while he didn’t have any sources to back up his claim, the idea of Disney owning the right-wing news outlet was enough to get people talking.
What would this mean for the media landscape?
The media landscape could be set for a major shake-up if rumours that Disney is in talks to buy Fox News are true.
The deal, which is said to be in the early stages, would see Disney acquiring Fox News, as well as the Fox Business Network and Fox Broadcasting Company.
If the deal went ahead, it would give Disney a significant presence in the news business, and could lead to changes in how news is distributed.
At present, it is not clear what Disney’s plans for Fox News would be, but the company has a reputation for acquired businesses and then running them as independent entities.
So it is possible that Fox News would continue to operate as a separate entity within the wider Disney empire.
The Rumor – (Did Disney Just Buy Fox News?)What would this mean for the media landscape?The media landscape could be set for a major shake-up if rumours that Disney is in talks to buy Fox News are true. The deal, which is said to be in the early stages, would see Disney acquiring Fox News, as well as the Fox Business Network and Fox Broadcasting Company.If the deal went ahead, it would give Disney a significant presence in the news business, and could lead to changes in how news is distributed. At present, it is not clear what Disney’s plans for Fox News would be, but the company has a reputation for acquired businesses and then running them as independent entities. So it is possible that Fox News would continue to operate as a separate entity within the wider Disney empire.
The Reality
On Thursday, the Justice Department approved Disney’s $71.3 billion takeover of Fox, a move that cements the company’s position as the largest entertainment provider in the world. The deal, which was first announced in December, will give Disney full control of Fox’s movie and television studios, as well as cable networks like FX and National Geographic. The acquisition will also give Disney a major presence in the sports world, thanks to Fox’s 22 regional sports networks.
What is actually happening?
Disney is not buying Fox News. The Murdoch family, which founded and controls Fox News’ parent company 21st Century Fox, is instead selling most of its media assets to Disney. That includes the Fox television network (which airs shows like The Simpsons and Homeland), Fox News, Fox Business, and a number of other cable channels. The Murdochs will retain ownership of a few properties, including the Fox broadcasting network, Fox Sports, and theFox News and Fox Business cable channels.
What does this mean for the media landscape?
The recent deal between Disney and Fox has sent shockwaves through the media world, with many wondering what this means for the future of the two companies and the media landscape as a whole.
For Disney, this deal means that they will now have control of some of Fox’s most iconic properties, including The Simpsons, Avatar, and X-Men. This gives them a massive leg up in the battle for supremacy in the entertainment world.
As for Fox News, it is still unclear what exactly will happen to the conservative cable news network. It is possible that Disney will sell it off, but it is also possible that they will keep it and use it as a platform to further their own political agenda. Only time will tell.
