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Article: Fox clocks back in at Murdoch's News Corp.(Fox Entertainment Group acquired by Rupert Murdoch's The News Corporation Ltd.)
- Article from:
- Daily Variety
- Article date:
- March 22, 2005
- Author:
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Fox Entertainment Group is back at home in Rupert Murdoch's hen house.
With little fanfare or trouble, Murdoch's News Corp. on Monday completed its acquisition of Fox Entertainment, meaning Fox won't be listed on the New York Stock Exchange as of this morning.
Wall Streeters had complained it was too confusing to have News Corp.--now a corporate resident of the U.S.--and Fox Entertainment traded separately on the NYSE.
Fox's divisions include 20th Century Fox, the Fox Broadcasting Murdoch network and cable nets such as FX and Fox News Channel. Management structure at Fox Entertainment won't change as a result of the absorption.
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