New York, NY – July 16, 2014 –
21st Century Fox (NASDAQ: FOXA, FOX) today issued the following statement
confirming press reports that it made a proposal to combine with Time Warner
“21st Century Fox can confirm that
we made a formal proposal to Time Warner last month to combine the two
companies. The Time Warner Board of Directors declined to pursue our proposal.
We are not currently in any discussions with Time Warner."
Century Fox is the world's premier portfolio of cable, broadcast, film, pay TV
and satellite assets spanning six continents across the globe. Reaching more
than 1.5 billion subscribers in approximately
50 local languages every day, 21st Century Fox is home to a global portfolio of
cable and broadcasting networks and properties, including FOX, FX, FXX, FXM,
FS1, Fox News Channel, Fox Business Network, FOX Sports, Fox Sports Network,
National Geographic Channels, MundoFox, STAR India,
28 local television stations in the U.S. and more than 300 channels that
comprise Fox International Channels; film studio Twentieth Century Fox Film;
and television production studios Twentieth Century Fox Television and Shine
Group. The Company also provides premium content to millions of subscribers
through its pay-television services in Europe and Asia, including Sky
Deutschland, Sky Italia and its equity interests in BSkyB and Tata Sky. For
more information about 21st Century Fox, please visit www.21CF.com.