Twenty-First Century Fox Inc., a Delaware corporation, is a diversified global media and entertainment company which currently manages and reports its businesses in the following four segments: (i) Cable Network Programming; (ii) Television; (iii) Filmed Entertainment; and (iv) Other, Corporate and Eliminations. The activities of Twenty-First Century Fox Inc. are conducted principally in the United States, the United Kingdom, Continental Europe, Asia and Latin America. For financial information regarding Twenty-First Century Fox Inc.’s segments and operations in geographic areas, see “Item 8. Financial Statements and Supplementary Data.” Unless otherwise indicated, references in this Annual Report on Form 10-K for the fiscal year ended June 30, 2018 (the “Annual Report”) to “we,” “us,” “our,” “21st Century Fox,” “Twenty-First Century Fox” or the “Company” means Twenty-First Century Fox Inc. and its subsidiaries. On June 20, 2018, the Company entered into an Amended and Restated Merger Agreement and Plan of Merger (the “Amended and Restated Merger Agreement”) with The Walt Disney Company (“Disney”) and TWDC Holdco 613 Corp., a newly formed holding company and wholly-owned subsidiary of Disney (“New Disney”), which amends and restates in its entirety the Agreement and Plan of Merger that the Company entered into with Disney in December 2017, pursuant to which, among other things, the Company will become a wholly-owned subsidiary of New Disney pursuant to a merger of the Company with a subsidiary of New Disney (the “21CF Merger”). The Company stockholders may elect to receive $38 per share in either cash or shares of New Disney common stock (subject to adjustment for certain tax liabilities). The overall mix of consideration paid to the Company stockholders will be approximately 50% cash and 50% stock. The stock consideration is subject to a collar, which will ensure that the Company stockholders will receive consideration equal to $38 in value if the average Disney stock price at closing is between $93.53 and $114.32. Prior to the consummation of the 21CF Merger, the Company will transfer a portfolio of the Company’s news, sports and broadcast businesses including the Fox News Channel, Fox Business Network, FOX Broadcasting Company, Fox Television Stations Group, FS1, FS2, Fox Deportes and Big Ten Network and certain other assets and liabilities into a newly formed subsidiary (“New Fox”) (the “New Fox Separation”) and distribute all of the issued and outstanding common stock of New Fox to the holders of the outstanding shares of the Company’s Class A Common Stock and Class B Common Stock (other than holders that are subsidiaries of the Company (shares held by such holders, the “Hook Stock”)) on a pro rata basis (the “New Fox Distribution”). Prior to the New Fox Distribution, New Fox will pay the Company a dividend in the amount of $8.5 billion. New Fox will incur indebtedness sufficient to fund the dividend, which indebtedness will be reduced after the 21CF Merger by the amount of a cash payment paid by Disney to New Fox. As the New Fox Separation and New Fox Distribution will be taxable to the Company at the corporate level, the dividend is intended to fund the taxes resulting from the New Fox Separation and New Fox Distribution and certain other transactions contemplated by the Amended and Restated Merger Agreement (the “Transaction Tax”). The Company will retain all assets and liabilities not transferred to New Fox including the Twentieth Century Fox Film and Television studios and certain cable and international television businesses including FX Networks, National Geographic Partners, Regional Sports Networks, Fox Networks Group International and STAR India, as well as the Company’s interests in Hulu LLC (“Hulu”), Sky plc (“Sky”), Tata Sky Limited and Endemol Shine Group. The foregoing proposed transactions are collectively referred to in this report as the “Transaction”. (See Note 3 – Acquisitions, Disposals and Other Transactions to the accompanying Consolidated Financial Statements of Twenty-First Century Fox under the heading “Disney Transaction/Distribution of New Fox” for further details).
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Company profile
Ticker
TFCF
Exchange
Website
CEO
James Rupert Murdoch
Employees
Location
Fiscal year end
Industry (SIC)
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Former names
News Corp
SEC CIK
Corporate docs
IRS number
260075658
Latest filings (excl ownership)
15-12B
Securities registration termination
1 Apr 19
EFFECT
Notice of effectiveness
22 Mar 19
8-K
Other Events
20 Mar 19
POS AM
Prospectus update (post-effective amendment)
20 Mar 19
S-8 POS
Registration of securities for employees (post-effective amendment)
20 Mar 19
S-8 POS
Registration of securities for employees (post-effective amendment)
20 Mar 19
8-K
Other Events
20 Mar 19
8-K
Entry into a Material Definitive Agreement
20 Mar 19
25-NSE
Exchange delisting
20 Mar 19
8-K
Other Events
19 Mar 19
Latest ownership filings
SC 13G/A
Twenty-first Century Fox, Inc.
10 Apr 19
SC 13G/A
Twenty-first Century Fox, Inc.
21 Mar 19
4
Fox Corp
20 Mar 19
4
Tidjane Thiam
20 Mar 19
4
ROBERT S SILBERMAN
20 Mar 19
4
RODERICK I EDDINGTON
20 Mar 19
4
JACQUES A NASSER
20 Mar 19
4
GERSON ZWEIFACH
20 Mar 19
4
Change in insider ownership
20 Mar 19
4
JAMES BREYER
20 Mar 19
Institutional ownership, Q1 2024
89.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 487 |
Opened positions | 196 |
Closed positions | 36 |
Increased positions | 180 |
Reduced positions | 60 |
13F shares | Current |
---|---|
Total value | 9.69 tn |
Total shares | 524.64 mm |
Total puts | 96.30 k |
Total calls | 83.00 k |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Cruden Financial Services | 76.66 mm | $1.72 bn |
T. Rowe Price | 69.43 mm | $1.82 bn |
Vanguard | 56.78 mm | $1.49 tn |
Independent Franchise Partners | 40.09 mm | $1.06 tn |
BLK Blackrock | 33.08 mm | $871.61 bn |
STT State Street | 29.83 mm | $789.51 bn |
Yacktman Asset Management | 15.12 mm | $396.29 bn |
Starboard Value | 14.69 mm | $392.24 bn |
Geode Capital Management | 12.21 mm | $321.52 bn |
Dodge & Cox | 10.47 mm | $274.01 bn |