The Fox Entertainment Group is an American entertainment industry company that owns film studios and terrestrial, cable, and direct broadcast satellite television properties. Fox Entertainment Group is wholly owned and controlled by the Australian/American media conglomerate News Corporation, which is chaired and part owned by the Australian/American Rupert Murdoch, since the company acquired all the stock of Fox. The transaction was completed on March 12, 2005. The division will be spun off from News Corp. into Murdoch's newly formed Fox Group in 2013 as part of a corporate re-organization. read more
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