November 24, 1999 |
Rupert Murdoch said Tuesday that his Fox Television Network became the victim of its own ambition this fall when it staggered the release of its slate of new programs, most of which then sank in the ratings. "We were too ambitious in trying to develop too many new shows all in one year and in launching them over a longer period," Murdoch told the first annual shareholders meeting of Fox Entertainment Group, controlled by Murdoch's News Corp. "Our strategy did not work this year."
November 16, 1999 |
In a restructuring that brings its network entertainment unit and television studio under one executive, Fox Entertainment Group has promoted Sandy Grushow to chairman of the newly formed Fox Television Entertainment Group. Grushow will oversee both Fox Entertainment, which programs the broadcast network, and Twentieth Century Fox Television, the prime-time television studio.
September 3, 1999 |
AT&T Corp., soon to be the largest U.S. cable television company, said it will carry digital TV signals from Fox Entertainment Group's 22 stations on its cable systems across the U.S. for the next 10 years. The agreement covers AT&T's 10 million-plus subscribers and Fox's stations, which reach 40% of U.S. homes with TVs. The companies also agreed to work to provide Fox's high-resolution, or HDTV, programming to cable customers. Financial terms weren't disclosed.
May 30, 2001 |
Fox Sports International, or FSI, said it had signed a deal to merge its Latin American television holdings with those of an Argentine media giant to form what it says will be the world's largest Spanish-language sports television network. FSI, a unit of Fox Entertainment Group, signed an agreement with Argentina's Trisa to combine their television operations in Latin America and the United States to reach 20 million viewers, FSI's president said.
February 8, 2005
News Corp. extended until March 4 its offer to buy the shares of Fox Entertainment Group Inc. it doesn't own, pushing back an earlier Feb. 22 deadline.
March 4, 2005 |
News Corp., the media company controlled by Rupert Murdoch, boosted its offer for full ownership of Fox Entertainment Group Inc. by 7% to $6 billion. A committee of Fox directors recommended the higher offer, and shareholders that sued to block the purchase agreed to a settlement, New York-based News Corp. said. Murdoch offered 2.04 News Corp. Class A non-voting shares for each Fox Class A share, up from Murdoch's Jan. 10 offer of 1.9 shares.