Key Developments: Twenty-First Century Fox Inc (FOX.OQ)

FOX.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Twenty-First Century Fox, Inc. declares dividend
Wednesday, 5 Feb 2014 07:00pm EST 

Twenty-First Century Fox, Inc:Declares a dividend of $0.125 per Class A and Class B share.Says this dividend is payable on Apr. 16, with a record date for determining dividend entitlements of Mar. 12.  Full Article

Twenty-First Century Fox, Inc. to acquire majority stake in YES Network
Friday, 24 Jan 2014 05:40pm EST 

Twenty-First Century Fox, Inc:Says an agreement to acquire a majority stake in the Yankees Entertainment and Sports Network (YES Network), raising its ownership position in the regional sports network to 80 percent from the current 49 percent it acquired in 2012.Says the acquisition is expected to close by the end of the first calendar quarter.Says the remaining 20 percent stake will continue to be held by Yankee Global Enterprises.Terms of acquisition were not disclosed.  Full Article

Twenty-First Century Fox, Inc. initiates process to remove its Australian Securities Exchange (ASX) listing subject to stockholder approval
Thursday, 9 Jan 2014 12:18am EST 

Twenty-First Century Fox, Inc:Says its Board of Directors has authorized the company to initiate the process to pursue the removal of its full foreign listing on the Australian Securities Exchange (ASX), subject to the approval of the holders of the company’s Class B Common Stock.Says following the removal of the its listing from the ASX, all of its Class A and Class B Common Stock would be listed solely on the NASDAQ Global Select Market (NASDAQ).  Full Article

Twenty-First Century Fox, Inc. Reaffirms FY 2014 EBITDA Guidance-Conference Call
Tuesday, 5 Nov 2013 04:30pm EST 

Twenty-First Century Fox, Inc. announced that for fiscal 2014, it continue to expect total segment EBITDA percentage growth rate to be in the high single- to low double-digit range, above the $6.2 billion total segment EBITDA base level for fiscal 2013.  Full Article

TPG to Acquire Twenty-First Century Fox, Inc's Stake In Phoenix Satellite Television Holdings Limited
Friday, 18 Oct 2013 11:15am EDT 

TPG, one of the private investment firms, and Twenty-First Century Fox, Inc (21CF)announced that they have entered into a definitive agreement, pursuant to which TPG agreed to acquire the remaining 12.15% stake held by 21CF's wholly owned subsidiary Star Entertainment Holdings Limited in Phoenix Satellite Television Holdings Limited (Phoenix TV). Upon completion of the sale, 21CF will no longer hold an equity interest in Phoenix and its representatives will step down from the board.  Full Article

Perpetual Limited And Subsidiaries Becomes Substantial Holder Of Twenty-first Century Fox Inc
Thursday, 3 Oct 2013 02:27am EDT 

Twenty-first Century Fox Inc announced that Perpetual Limited And Subsidiaries has become a substantial holder on October 1, 2013 with 6.46% interest in the Company.  Full Article

U.S. Supreme Court Agrees To Hear Raging Bull Copyright Case Which Involves Twenty-First Century Fox, Inc.'s Subsidiary And MGM Holdings Inc - Reuters
Tuesday, 1 Oct 2013 10:35am EDT 

Reuters reported that the U.S. Supreme Court on October 1, 2013 agreed to take up a copyright dispute over an early screenplay of boxing movie Raging Bull. Paula Petrella, daughter of the deceased screenwriter Frank Petrella, said MGM Holdings Inc and Twentieth Century Fox Home Entertainment had infringed the copyright of a 1963 screenplay upon which the 1980 movie was based. Fox, a subsidiary of Twenty-First Century Fox, Inc., is a named defendant because it has the rights to distribute MGM movies on DVD. Petrella, who inherited rights to the screenplay upon her father’s death, renewed the copyright in 1991 but did not take action until the late 1990s. Then she said MGM was infringing on her rights by continuing to market the movie. MGM successfully claimed that Petrella’s failure to assert her claims earlier meant she had forfeited them.  Full Article

Twenty-First Century Fox, Inc. Announces Change In Fiscal Year
Sunday, 22 Sep 2013 06:34pm EDT 

Twenty-First Century Fox, Inc. announced that on September 19, 2013, the Company has changed its fiscal year from a 52-53 week fiscal year ending on the Sunday closest to June 30 to a fiscal year ending on June 30 of each year. The Company made this change to better align its financial reporting with the media and entertainment assets retained following the separation of its business into two independent publicly traded companies. The Company will not be required to file a transition report because this change is not deemed a change in fiscal year for purposes of reporting subject to Rule 13a-10 or Rule 15d-10 of the Securities Exchange Act of 1934, as amended, as the new fiscal year commences within seven days of the prior fiscal year end and the new fiscal year commences with the end of the prior fiscal year.  Full Article

Twenty-First Century Fox, Inc. Issues FY 2016 EBITDA Guidance; Comments On Long Term Guidance-Conference Call
Thursday, 8 Aug 2013 12:00pm EDT 

Twenty-First Century Fox, Inc. announced that for fiscal 2016, it expects EBITDA target of $9 billion plus, a low-teens annual growth rate over fiscal 2013. The Company also announced that earnings growth would be lower in the next two years, high single to low double-digit in fiscal 2014 as the Company launch US sports and entertainment networks, as well as Asian sports networks. The Company expect revenue growth during the next three years in the high single digits. The Company reported net income of $3.181 billion and revenue of $27.675 billion for fiscal 2013. According to I/B/E/S estimates, analysts were expecting the Company to report net income of $3.473 billion, revenue of $30.228 billion for fiscal 2014; revenue of $32.123 billion, net income of $4.308 billion for fiscal 2015; revenue of $33.583 billion, EBITDA of $8.646 billion for fiscal 2016.  Full Article

Twenty-First Century Fox, Inc. Completes Separation Of Business Into Two Independent Publicly Traded Companies-Form 8-K
Wednesday, 3 Jul 2013 06:30am EDT 

Twenty-First Century Fox, Inc. reported in its Form 8-K that effective June 28, 2013, the Company completed the previously announced separation of its business into two independent publicly traded companies. The Company has retained the media and entertainment businesses and the new News Corporation (News Corp) holds businesses consisting of the Company’s former newspapers, information services and integrated marketing services, digital real estate services, book publishing, digital education and sports programming and pay-TV distribution in Australia. On June 28, 2013, the Company entered into certain agreements with News Corp related to the Separation.  Full Article

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TV adaptation of Ebola best-seller 'The Hot Zone' in the works

LOS ANGELES - Fox's television studio has been developing an adaptation of the best-selling 1994 Ebola chronicle "The Hot Zone" for more than a year, the Twenty-First Century Fox Inc-owned company said on Friday.

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