21st Century Fox was one of the two companies that were established after a 2013 split of News Corporation. The latter was established by Rupert Murdoch in 1979. The company is an American multinational mass media corporation that retained its broadcasting and film assets from News Corporation. Meanwhile, the company’s publishing assets became a part of News Corp. The split was made to ensure that the two companies could operate under a more focused management. According to Murdoch, dividing the companies would unlock their true value and would also enable investors to benefit from separate strategic opportunities.
The broadcasting and film company had started trading on the NASDAQ in July of last year. This was after its shareholders and News Corporation’s board had agreed on the spin off last June 11, 2013. The company’s holdings include Fox Entertainment Group, STAR TV and Sky Italia. It also has stakes in BSkyB and Sky Deutschland.
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