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MARIA: WELCOME BACK, BREAKING
NEWS THIS MORNING, DISNEY 21ST
CENTURY FOX WILL PAY TO
ACQUIRE SETS A INTERNATIONAL
PARENT OF FOX BUSINESS
NETWORK, AS WELL AS FOX NEWS
FOX SPORTS ONE FOX BROADCAST
ASSETS, IT IS ALL STOCK DEAL
WILL LEAVE CURRENT INVESTORS
ROUGHLY A QUARTER OF NEW
BIGGER DISNEY COMPANY JOINING
ME BY TELEPHONE IS EXECUTIVE
CHAIRMAN OF 21ST CENTURY FOX
GOOD MORNING.
>> WE ARE LOOKING AT REALLY,
YOUR INCREDIBLE LEGACY IN
HISTORY THIS CAP A HALF A
CENTURY OF EXPANSION FOR YOU,
WHY SELL ENTERTAINMENT ASSETS
IN PROPERTIES TODAY?
ON THE PHONE: YOU KNOW A LOT
OF CHANGE COMING IF THANK YOU
-- YOU WATCH TELEVISION
DIFFERENTLY, NOT NEWS OR
BUSINESS, BUT ENTERTAINMENT
THEY WATCH VERY DIFFERENTLY
MERGERS OF NEW COMPANIES
SILICON VALLEY SILICON VALLEY
SPENT TENS AND TENS OF PLNZ
SPENT TENS AND TENS OF PLN
BILLIONS ON PROGRAMMING MAKES
SENSE BULK UP ENTERTAINMENT
SIDE A COMPANY THAT CAN GO
DIRECT CONSUMER IN A BIWAY.
>> 52.4 BILLION DOLLARS, THEN
THAT PRICE WHY IS THAT RIGHT
PRICE?
ON THE PHONE: A LITTLE BIT
BETTER THAN -- 28 DOLLARS ON
YESTERDAY'S PRICES 29 DOLLARS.
SO IT IS PRETTY GOOD THEN WE
THINK THE DAY OF BUSINESS AND
NEWS, FOX SPORTS FOX
BROADCASTS ADDS 20 ODD BILLION
AT LEAST 25, 75 PLAN OR
BILLION -- 76 BILLION DOLLARS
VALUE TO SHAREHOLDERS.
>> THE DEAL INCLUDES FOX 39%
STAKE IN SATELLITE BROADCASTER
SKY ALONG WITH 21ST CENTURY
FOX FILM STUDIO ARE YOU
.
ON THE PHONE: WE ARE HOPING
TO, WE EXPECT TO NEXT SIX
MONTHS, AND WILL GO IN --
INCREASE THE DEBT INCREASE
DEBT -- TO DISNEY IF IT
DOESN'T CLOSE, MAY TAKE WHAT
WE HAVE WE WILL DECIDE TO GO
AHEAD AND MAKE THEIR BID FOR
THE REST.
>> INTERESTING THAT BOB IGER
ANNOUNCED HE WAS STAYING ON AS
CEO TO 2021 CAN YOU GIVE A
SENSE WHAT IS GOING ON IN
TERMS OF LEADERSHIP OF ASSETS
ANYTHING NEW TO REPORT IN THAT
ARENA?
DEAL THAT HE WOULD STAY ON.
ON THE PHONE: DID NOT WANT TO
JUST YOU KNOW -- SOMEONE --
>>, OF COURSE, BOB BOB IGER
ANNOUNCED DISNEY START A
STREAMING SERVICE YOU SAID A
CONSUMING INFORMATION MEDIA
THIS BUSINESS CHANGING THE
NEXT FIVE YEARS GIVEN THE FACT
THAT STREAMING OBVIOUSLY HAS
CHANGED THE DYNAMICS NO LONGER
MUST SEE THURSDAY NIGHT MUST
SEIMONE NIGHT, YOU ARE
WATCHING IT WHEN YOU WANT TO
WATCH IT.
ON THE PHONE: O SEEING FOX
NEWS, FOX BUSINESS.
MARIA: THAT IS RIGHT.
ON THE PHONE: IN REAL TIME.
ENTERTAINMENT IS MORE -- WE
SEE THAT THE WAY PEOPLE WATCH
LOYALTY TO INDIVIDUAL PROGRAMS
YOU GET A CERTAIN WEIGHTING,
YOU PUT ON CERTAIN TIME, THE
END OF THE WEEK, WILL HAVE