Fox is said to believe that it does not have the scale to compete with organizations like Disney, Amazon, Netlfix, Facebook and Google, and that a group of properties more narrowly focused on news and sports could compete more effectively in today's marketplace.
The company could not own two broadcast networks and would therefore not buy the Fox broadcast network.
Fox's motivation for examining selling off everything but news and sports can be read in a few different ways.
North Korea, Syria and Ukraine
Special Operations Command a new, leading role coordinating the Pentagon's effort to counter weapons of mass destruction". A key USA ally, South Korea is home to more than 50 million people.
For Disney, the opportunity to take control of another movie studio and significant TV production assets as it readies a direct to consumer entertainment streaming offering is attractive as is fox's significant exposure to global markets, such as the U.K., Germany and Italy both through its networks and 30 percent ownership of B Sky B.
"According to people with knowledge of the talks, the company could not own two broadcast networks and would therefore not buy the Fox broadcast network", Faber reported on CNBC. That £11.7bn ($15.41bn) deal has run afoul of regulators' concerns about media plurality in the United Kingdom and the Murdochs' commitment to broadcasting standards.
At the very least, buying Fox's production studios would give Disney much more programming to include in its Netflix-style online streaming service that it is planning to offer in late 2019 or 2020. Sports, news and The Simpsons fans shouldn't worry. That might lead to a focus on doing even more sports than they now do, and that's even before you consider to the apparent corporate emphasis on sports here.
Florida State fraternity pledge dead after off-campus party
The move comes after 20-year-old Pi Kappa Phi fraternity pledge Andrew Coffey died Friday off-campus following a party. Andrew Coffey, 20, is alleged to have died at the party, which occurred off of the Florida State University campus.
It is not known if Murdoch, who is now the Executive Co-Chairman at 21st Century Fox, wpould maintain a role inside the company or if he would take some time off to celebrate being newly Wednesday for the third time to supermodel wife Jerry Hall. It's also a little frightening, as Disney-Fox would essentially create one Mega Hollywood studio conglomerate, which could make the modern movie going experience even more homogeneous than it already is. And that microscope has certainly caused some concerns for Disney and ESPN.
It'd definitely be interesting.
Fox shares leapt 8.9 per cent on the news to US$26.62 while Disney rose 2.04 per cent to finish at US$100.65 on Wall Street.
Buccaneers QB Jameis Winston facing 'at least two weeks' out
The Bucs also plan to activate third-string quarterback Ryan Griffin, who is on injured reserve but can return. Winston has thrown for 1,920 yards with 10 touchdowns and six interceptions in 10 games this season.
Shares of both Disney and Fox are down year-to-date, as the acceleration of cord-cutting and a weak box office have provided some media headwinds.