Rupert Murdoch's 21st Century Fox has realigned a big chunk of its television empire, bringing its syndication and distribution business under the control of two respected Fox executives, Dana Walden and Gary Newman.
Walden and Newman have jointly run the company's profitable television production studio, Twentieth Century Fox Television, for more than a decade. The studio is home to such network hits as "Modern Family," "Family Guy," "The Simpsons," "Glee" and "Homeland."
As part of the realignment, the arm that sells television shows, known as Twentieth Television, moves over to become a division of the Los Angeles-based production studio. Previously, the group was part of the TV station group, but broadcast stations now represent only one important stream of revenue rather than the bulk of the business. Studios increasingly are trying to tap opportunities in foreign markets and through digital distribution services, including Netflix and Amazon.com.
The changes at Fox follow a move by rival studio Warner Bros. Television two months ago to reconfigure its ranks and elevate its long-time chief of international distribution, giving him responsibility for domestic distribution.