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TFCF Twenty-First Century Fox

Twenty-First Century Fox Inc., a Delaware corporation, is a diversified global media and entertainment company which currently manages and reports its businesses in the following four segments: (i) Cable Network Programming; (ii) Television; (iii) Filmed Entertainment; and (iv) Other, Corporate and Eliminations. The activities of Twenty-First Century Fox Inc. are conducted principally in the United States, the United Kingdom, Continental Europe, Asia and Latin America. For financial information regarding Twenty-First Century Fox Inc.’s segments and operations in geographic areas, see “Item 8. Financial Statements and Supplementary Data.” Unless otherwise indicated, references in this Annual Report on Form 10-K for the fiscal year ended June 30, 2018 (the “Annual Report”) to “we,” “us,” “our,” “21st Century Fox,” “Twenty-First Century Fox” or the “Company” means Twenty-First Century Fox Inc. and its subsidiaries. On June 20, 2018, the Company entered into an Amended and Restated Merger Agreement and Plan of Merger (the “Amended and Restated Merger Agreement”) with The Walt Disney Company (“Disney”) and TWDC Holdco 613 Corp., a newly formed holding company and wholly-owned subsidiary of Disney (“New Disney”), which amends and restates in its entirety the Agreement and Plan of Merger that the Company entered into with Disney in December 2017, pursuant to which, among other things, the Company will become a wholly-owned subsidiary of New Disney pursuant to a merger of the Company with a subsidiary of New Disney (the “21CF Merger”). The Company stockholders may elect to receive $38 per share in either cash or shares of New Disney common stock (subject to adjustment for certain tax liabilities). The overall mix of consideration paid to the Company stockholders will be approximately 50% cash and 50% stock. The stock consideration is subject to a collar, which will ensure that the Company stockholders will receive consideration equal to $38 in value if the average Disney stock price at closing is between $93.53 and $114.32. Prior to the consummation of the 21CF Merger, the Company will transfer a portfolio of the Company’s news, sports and broadcast businesses including the Fox News Channel, Fox Business Network, FOX Broadcasting Company, Fox Television Stations Group, FS1, FS2, Fox Deportes and Big Ten Network and certain other assets and liabilities into a newly formed subsidiary (“New Fox”) (the “New Fox Separation”) and distribute all of the issued and outstanding common stock of New Fox to the holders of the outstanding shares of the Company’s Class A Common Stock and Class B Common Stock (other than holders that are subsidiaries of the Company (shares held by such holders, the “Hook Stock”)) on a pro rata basis (the “New Fox Distribution”). Prior to the New Fox Distribution, New Fox will pay the Company a dividend in the amount of $8.5 billion. New Fox will incur indebtedness sufficient to fund the dividend, which indebtedness will be reduced after the 21CF Merger by the amount of a cash payment paid by Disney to New Fox. As the New Fox Separation and New Fox Distribution will be taxable to the Company at the corporate level, the dividend is intended to fund the taxes resulting from the New Fox Separation and New Fox Distribution and certain other transactions contemplated by the Amended and Restated Merger Agreement (the “Transaction Tax”). The Company will retain all assets and liabilities not transferred to New Fox including the Twentieth Century Fox Film and Television studios and certain cable and international television businesses including FX Networks, National Geographic Partners, Regional Sports Networks, Fox Networks Group International and STAR India, as well as the Company’s interests in Hulu LLC (“Hulu”), Sky plc (“Sky”), Tata Sky Limited and Endemol Shine Group. The foregoing proposed transactions are collectively referred to in this report as the “Transaction”. (See Note 3 – Acquisitions, Disposals and Other Transactions to the accompanying Consolidated Financial Statements of Twenty-First Century Fox under the heading “Disney Transaction/Distribution of New Fox” for further details).

Company profile

Ticker
TFCF
Exchange
Website
CEO
James Rupert Murdoch
Employees
Location
Fiscal year end
Former names
News Corp
SEC CIK
IRS number
260075658

TFCF stock data

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Calendar

6 Feb 19
27 Nov 21
30 Jun 22

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

4.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 5 5
Opened positions 0 0
Closed positions 0 0
Increased positions 1 0 NEW
Reduced positions 1 2 -50.0%
13F shares
Current Prev Q Change
Total value 28.16M 27.34M +3.0%
Total shares 24.27M 24.3M -0.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
VA Partners I 23.56M $0 0.0%
Partners Capital Investment 607.42K $24.36M -5.1%
Cibc World Markets 101.97K $3.79M +0.8%
Lenox Wealth Advisors 157 $6K 0.0%
Hoertkorn Richard Charles 133 $5K 0.0%
Largest transactions
Shares Bought/sold Change
Partners Capital Investment 607.42K -32.6K -5.1%
Cibc World Markets 101.97K +805 +0.8%
VA Partners I 23.56M 0 0.0%
Lenox Wealth Advisors 157 0 0.0%
Hoertkorn Richard Charles 133 0 0.0%
IFP Advisors 0 0

Financial report summary

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Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Bad
New words: Code, disqualified, lease, leasing, midterm, MLB, parachute, TNF
Removed: adjust, broad, complex, finance, improved, listing, NASDAQ, NYSE, permanent, registration, reverse, utilize, vi, vii, wholly