21st Century Fox and Funds Managed by Apollo Complete Transaction to Create a Leading Global Multi-platform Content Provider, Bringing Together Endemol, Shine Group and Core Media

New York, NY – December 17, 2014 – 21st Century Fox (NASDAQ: FOXA, FOX) and funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) today announced the completion of the transaction to create a leading global multi-platform content provider, bringing together Endemol, Shine Group and CORE Media. 21st Century Fox and funds managed by affiliates of Apollo will jointly manage the newly created group, with each owning 50 per cent.

Financial terms of the transaction were not disclosed.

About 21st Century Fox

21st 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, 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 a 50% ownership interest in Endemol Shine Group. The Company also holds a 39.1% ownership interest in Sky, Europe’s leading entertainment company, which serves 20 million customers across five countries.  For more information about 21st Century Fox, please visit www.21CF.com.

About Apollo

Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Toronto, London, Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. Apollo had assets under management of approximately $164 billion as of September 30, 2014 in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.agm.com.

Media Contacts

Miranda Higham

21st Century Fox

44-207-019-5632

mhigham@21cf.com

Nathaniel Brown

21st Century Fox

212-852-7746212-852-7746

nbrown@21cf.com

Matthew J. Hiltzik

212-430-5054212-430-5054 

mhiltzik@hstrategies.com