Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Twenty-First Century Fox    FOXA

TWENTY-FIRST CENTURY FOX (FOXA)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Fox's Rupert Murdoch Discussed CNN with AT&T's CEO in Phone Calls

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/11/2017 | 01:02am CEST
By Drew FitzGerald and Keach Hagey 

21st Century Fox Inc. Executive Chairman Rupert Murdoch called AT&T Inc. boss Randall Stephenson twice this year to gauge the telecom CEO's interest in selling CNN should it complete its acquisition of Time Warner Inc., the cable network's parent company, according to people familiar with the conversations.

The phone calls, one in May and a second in August, came as AT&T was working through the regulatory approvals needed to close its $85-billion takeover of Time Warner, a deal that is still pending.

Mr. Murdoch didn't offer to buy CNN, two people familiar with the calls say. Other people familiar with the calls said Mr. Murdoch did mention buying CNN and Mr. Stephenson conveyed both times that he wasn't interested in selling the cable news channel. The calls were first reported by Reuters.

CNN has been a sensitive topic for AT&T as the telecom company seeks Justice Department approval to buy Time Warner, which also owns HBO and the Warner Bros. film studios. President Donald Trump has often criticized the channel's coverage of him. The White House has said it hasn't pressured Justice Department antitrust enforcers in any way regarding the purchase.

Mr. Stephenson said at a business conference Thursday that he had no interest in selling CNN and no reason to suspect the Trump administration was meddling with the department's work on the deal.

Mr. Stephenson said the news channel had attracted interest from others outside the department. "I have been called and asked if I would sell CNN by numerous people not in the Department of Justice," he said. "There have been a lot of people [who] express interest in CNN."

The Justice Department has raised the prospect with AT&T that it divest one of two assets to get clearance for the merger, people familiar with the negotiations have said: CNN parent Turner, which also includes cable networks such as TBS and TNT; or AT&T's DirecTV satellite TV unit.

21st Century Fox and Wall Street Journal parent News Corp share common ownership.

--Lukas I. Alpert contributed to this article.

Stocks mentioned in the article
ChangeLast1st jan.
AT&T -2.90% 32.19 Delayed Quote.-14.74%
TIME WARNER 0.84% 98.77 Delayed Quote.7.98%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TWENTY-FIRST CENTURY FOX
06/18Mergers Would Make AT&T, Comcast World's Most Indebted Companies
DJ
06/16Comcast Clears EU Hurdle for Bid for Sky -- WSJ
DJ
06/15British M&A booms two years on from Brexit vote
RE
06/15Comcast to Post Offer to Sky Shareholders After EU Clearance
DJ
06/15Comcast Clears EU Hurdle in $29 Billion Bid for Sky
DJ
06/15European Commission Clears Comcast's Offer for Sky
DJ
06/15Comcast, Disney Battles Loom -- WSJ
DJ
06/15COMCAST : Corrections & Amplifications -- WSJ
DJ
06/15How Reuters reported the AT&T-Time Warner ruling first
RE
06/14DISNEY, COMCAST BIDS FOR FOX ASSETS : Sports
DJ
More news
News from SeekingAlpha
06/18'Incredibles 2' finishes even better than estimated 
06/18TWITTER : Time To Exit? 
06/18CNBC : Disney expected to add cash to bid for Fox assets 
06/18NETFLIX : Substantial Profitability Potential Likely To Drive Stock Even Higher .. 
06/15Fox to review $65B Comcast bid on Wednesday 
Financials ($)
Sales 2018 29 966 M
EBIT 2018 6 430 M
Net income 2018 4 543 M
Debt 2018 11 659 M
Yield 2018 0,89%
P/E ratio 2018 18,59
P/E ratio 2019 20,09
EV / Sales 2018 3,15x
EV / Sales 2019 2,88x
Capitalization 82 655 M
Chart TWENTY-FIRST CENTURY FOX
Duration : Period :
Twenty-First Century Fox Technical Analysis Chart | FOXA | US90130A1016 | 4-Traders
Technical analysis trends TWENTY-FIRST CENTURY FOX
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 42,3 $
Spread / Average Target -5,0%
EPS Revisions
Managers
NameTitle
James Rupert Murdoch Chief Executive Officer & Director
Peter Rice President
Lachlan Keith Murdoch Executive Co-Chairman
Keith Rupert Murdoch Executive Co-Chairman
John P. Nallen Chief Financial Officer & Senior Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
TWENTY-FIRST CENTURY FOX29.34%82 655
VIVENDI-3.17%32 765
VIACOM-4.58%12 058
DOLBY LABORATORIES, INC.5.50%6 810
LIONS GATE ENTERTAINMENT CORP. (USA)-21.50%5 398
WORLD WRESTLING ENTERTAINMENT, INC.104.94%4 836