<P> 21st Century Fox is the legal successor to News Corporation dealing primarily in the film and television industries . It is currently the United States' fourth - largest media conglomerate after The Walt Disney Company, Comcast and Time Warner . The other company, the "new" News Corporation, holds Murdoch's print interests and other media assets in Australia (both owned by him and his family via a family trust with 39% controlling interest in each). </P> <P> The company's assets include the Fox Entertainment Group--owners of the 20th Century Fox film studio (the company's partial namesake), Fox television network and Fox News channel, among other assets . It also has significant foreign operations, including the pan-Asian pay channel operator Star TV, as well as an approximately 39% stake in Sky plc--a European operator of satellite television providers and pay channels in the United Kingdom and Ireland, Austria, Germany, and Italy . </P> <P> On December 14, 2017, The Walt Disney Company announced plans to acquire 21st Century Fox for $52.4 billion after the spin - off of certain businesses; this will include key assets such as 20th Century Fox, FX Networks, National Geographic Partners, its regional sports networks, and its international networks . Assets such as the Fox television network, Fox News, and most of Fox Sports will be spun off into a new company owned by current 21st Century Fox shareholders . </P> <P> 21st Century Fox was formed by the splitting of entertainment and media properties from News Corporation . In February 2012, Natalie Ravitz accepted a position to become Rupert Murdoch's Chief of Staff at News Corporation . News Corporation's board approved the split on May 24, 2013, while shareholders approved the split on June 11, 2013; the company completed the split on June 28 and formally started trading on the NASDAQ on July 1 . Plans for the split were originally announced on June 28, 2012, while additional details and the working name of the new company were unveiled on December 3, 2012 . </P>

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