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To: ifinnegan

Excuse me, but a lot of my questions are ignorant.
So did I violate some forum (or other) rule?
Do I need to go in and change the title?

And are these ignorant questions? (Or am I too stupid to know that I was not even insulted?)


13 posted on 12/14/2017 10:52:47 AM PST by Honest Nigerian
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To: Honest Nigerian

“did I violate some forum (or other) rule”

Yes.

You changed the title of the article.


17 posted on 12/14/2017 11:10:15 AM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: Honest Nigerian; Beowulf9; ifinnegan
Newspapers (like WSJ and NY Post) are not part of 21st Century FOX (NASD:FOXA), which was a spin-off of a News Corp (NASD:NWS) to separate different businesses and capital structures.

This sale of some assets to Disney (NYSE:DIS) creates a spin-off of an "old Fox":

"New Fox" keeps: Fox News Channel (FNC), Fox Business Network (FBN), Fox Telvision Stations Group, Fox Sports, sports cable networks FS1 and FS2, Fox Deportes and Big Ten Network (BTN), Fox studio lot in Los Angeles and investment in Roku.

Disney acquires: Fox film production business (Twentieth Century Fox, Fox Searchlight and Fox 2000) and related film libraries, Twentieth Century Fox TV, Fox Productions and Fox21, FX Networks, Fox Sports Regional Networks, Fox Networks Group International, Star India, and 21st Century Fox's interests in National Geographic Partners, Hulu, Sky, Tata Sky and Endemol Shine Group. Also Sky (UK) when it is expected to complete acquisition in 2018.

One big catch here is Fox's 30% stake in streaming OTT operator Hulu which combined with 30% already owned by Disney, gives Disney majority control.

"The spin-off transaction will be taxable to 21st Century Fox, but not to its shareholders. The new Fox will receive a step-up in its tax basis commensurate with the amount of the corporate tax relating to the spin-off that will generate annual cash tax savings over the next 15 years."

19 posted on 12/14/2017 11:18:45 AM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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