Murdoch family launches a new Fox, and former House Speaker Paul Ryan joins its board
https://www.latimes.com/business/hollywood/la-fi-ct-fox-spinoff-20190319-story.html
ITS ABSOLUTELY F……….FABULOUS………
The spinoff completed early Tuesday is part of a multipronged process that will culminate with the $71.3-billion sale of the rest of Murdoch’s entertainment company to Walt Disney Co. The company announced that it had finished the process of issuing shares in the new Fox Corp. to investors of 21st Century Fox.
The new Fox is now a standalone, publicly traded company. Its shares are listed on the Nasdaq market; Tuesday marked their first day of trading. The Class A shares fell 3.3% to close at $40.34.