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Its logo was officially unveiled on May 9, 2013, featuring a modernized version of the iconic Fox searchlights designed by Pentagram. While the company was originally announced as the Fox Group, on April 16, 2013, Murdoch announced the new name as a way to suggest the retaining of 20th Century Fox's heritage as the group advances into the future. The split was structured so that the old News Corporation would change its name to 21st Century Fox and spin-off its publishing assets into a 'new' News Corporation.

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Murdoch stated that performing this split would 'unlock the true value of both companies and their distinct assets, enabling investors to benefit from the separate strategic opportunities resulting from more focused management of each division.' The move also came in the wake of a series of scandals that had damaged the reputation of the company's publishing operations in the United Kingdom. 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. News Corporation's board approved the split on May 24, 2013, while shareholders approved the split on Jthe company completed the split on June 28 and formally started trading on NASDAQ on July 1. In February 2012, Natalie Ravitz accepted a position to become Rupert Murdoch's Chief of Staff at News Corporation.

History Formation Ģ1st Century Fox was formed by the splitting of entertainment and media properties from News Corporation. After that, all the assets not transferred to the Fox Corporation were scattered across the divisions of Disney. Disney's acquisition of 21st Century Fox was closed on March 20 of the same year. The remainder, consisting primarily of the Fox and MyNetworkTV networks, and Fox's national Broadcasting, Television Stations, news and sports operations, were spun out into a new company named Fox Corporation, which began trading on March 19, 2019. Following a bidding war with Fox, Sky plc (a British media group which Fox held a stake in) was acquired separately by Comcast, while Fox's FSN regional sports networks were sold to Sinclair Broadcast Group to comply with antitrust rulings. The sale covered the majority of 21CF's entertainment assets, including 20th Century Fox, FX Networks, and National Geographic Partners among others. On July 27, 2018, 21st Century Fox shareholders agreed to sell the majority of its assets to Disney for $71.3 billion. 109 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It also had significant foreign operations, including the prominent Indian television channel operator Star India. Murdoch was co-executive chairman, while his sons Lachlan Murdoch and James Murdoch were co-executive chairman and CEO, respectively.Ģ1st Century Fox's assets included the Fox Entertainment Group-owners of the 20th Century Fox film studio (the company's partial namesake), the Fox television network, and a majority stake in National Geographic Partners-the commercial media arm of the National Geographic Society, among other assets.

The other company, News Corp, holds Murdoch's print interests and other media assets in Australia (both owned by him and his family via a family trust with 39% interest in each). It was the United States' fourth-largest media conglomerate until its acquisition by The Walt Disney Company in 2019. It was one of the two companies formed on June 28, 2013, following a spin-off of the publishing assets of the old News Corporation as News Corp.Ģ1st Century Fox was the legal successor to News Corporation dealing primarily in the film and television industries. Twenty-First Century Fox, Inc., doing business as 21st Century Fox ( 21CF), was an American multinational mass media and entertainment conglomerate that was based in Midtown Manhattan, New York City.