Two weeks ago, a report revealed that Fox and News Corp. could be heading toward a reunion. However, on Tuesday, TheWrap reported a recent call between Lachlan Murdoch and analysts.
Murdoch had no issue discussing the elephant in the room regarding a possible reunion of the entertainment and news side of the family’s empires.
“As has been made public, separate special committees have been set up at News Corp. and Fox,” Murdoch told the analysts in a recent call.
“We will need the approval of both committees and shareholders. The special committees have not made any determination at this time, and there’s no certainty the company will engage.”
The “reunited and it feels so good” plan would unite the parent of Fox News with The Wall Street Journal and New York Post.
Nonetheless, should a merger occur, most non-family shareholders would have to approve such a deal to go along with Rupert Murdoch and his family trust, which controls about 40% of the voting stock at both companies.
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
