Tag: Fox

Fox faces stain of ‘disinformation engine’ despite settlement

by Anuj CHOPRA Agence France-Presse WASHINGTON, United States (AFP) — Fox News averted a potentially humiliating defamation trial after a last-minute settlement Tuesday, but it took a reputational beating that observers said was unlikely to spur the influential broadcaster to tame its “disinformation engine.” The network, one of the most powerful and profitable in the United States, agreed to a $787.5 million settlement in a lawsuit launched by voting technology company Dominion over its coverage […]

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Disney drops ‘Fox’ name from 20th Century film studio: reports

NEW YORK, United States (AFP) — Disney will rename 20th Century Fox to distance its legendary film studio from the assets of media tycoon Rupert Murdoch, US media reported Friday. The entertainment conglomerate last year acquired most of the assets of 21st Century Fox group, including the film house, while former owner Murdoch and his shareholders kept several TV channels, including Fox News. Variety magazine reported that the entertainment giant decided to rename its subsidiary […]

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US regulators approve Disney-Fox mega-deal, with conditions

by John Biers © Agence France-Presse NEW YORK, United States (AFP) – US antitrust regulators on Wednesday conditionally approved Walt Disney’s proposed $71.3 billion purchase of key 21st Century Fox assets, boosting the chances for the tie-up to create a new media-entertainment powerhouse. The US Department of Justice approved the deal subject to Disney selling 22 regional sports networks now owned by Fox. The news moves Disney’s proposed buyout one step closer to completion after the […]

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Disney boosts Fox bid to $71.3-B to counter Comcast

by Rob Lever with John Biers Agence France-Presse NEW YORK, United States (AFP) — Disney raised its offer for key assets of 21st Century Fox on Wednesday to $71.3 billion to counter a rival bid from Comcast in the latest move in a bidding war that could create a dominant player in the media-entertainment world. The move by Walt Disney Co. comes a week after Comcast, the largest US cable provider and owner of the […]

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DOJ nullifies BI’s order forfeiting Australian nun’s visa; says Fox can stay in PHL as a missionary

(Eagle News) — The Department of Justice has nullified the orders earlier issued by the Bureau of Immigration which forfeited the missionary visa of Australian nun Patricia Anne Fox, declaring the bureau’s actions as “without legal basis.” In a resolution issued on Monday, Justice Secretary Menardo Guevarra explained that while Philippine immigration laws give broad powers to the Bureau of Immigration (BI) regarding the entry and stay of foreigners in the country, “visa forfeiture is […]

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Comcast outbids Disney with $65 bn offer for Fox assets

Comcast on Wednesday offered $65 billion for key film and television assets of Rupert Murdoch’s 21st Century Fox, topping an offer from Walt Disney Co. for a deal that could create a dominant media-entertainment power. The move by Comcast, which is the largest US cable provider and also owns the NBCUniversal media group, opens up a new round of competition for the prized assets being shed by the Murdoch family empire. The deal, if approved, […]

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Tax benefit lifts profit for Murdoch’s Fox

NEW YORK, United States (AFP) — Media-entertainment giant 21st Century Fox said Wednesday that profits had doubled in the past quarter, boosted by a one-time tax benefit from recently enacted US legislation. The group led by mogul Rupert Murdoch and his family reported a net profit for shareholders of $1.83 billion in the final three months of 2017, up from $856 million a year earlier. Revenues rose nearly five percent in the period to $8.04 billion for […]

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Man in ‘panda suit’ shot in TV station standoff: US report

WASHINGTON , United States (AFP) — A man wearing what appeared to be a full-body bear costume threatened to blow up a local Fox TV station in the US city of Baltimore Thursday before being shot by police, the network reported. Fox45’s website showed images of the suspect, who claimed to have a bomb, seated inside the premises of the station, which was evacuated during the standoff. The Baltimore, Maryland station, also known locally as […]

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