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News > Deals
Fox Family terms set?
June 14, 2001: 6:55 p.m. ET

News Corp., Saban reportedly to sell Fox Family Worldwide, but retain Fox Kids
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NEW YORK (CNNfn) - Rupert Murdoch's News Corp. and Saban Entertainment have agreed to sale terms for their co-owned Fox Family Worldwide which will enable the companies to retain Fox Kids Network, a published report said Thursday.

According to the Financial Times Web site, News Corp. (NWS: Research, Estimates) and Saban will form a new partnership, enabling them to keep the Fox Kids Network, which provides 14 hours of children's programming per week to the Fox Network.

News Corp. declined to comment.

CNNfn.com learned in May the companies were interested in pursuing a sale of Fox Family Worldwide, with a prospective price tag of $4 billion to $6 billion.

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Fox Family Holdings include the Fox Family Channel cable network, which is distributed in over 80 million homes, and airs shows such as "Angela Anaconda" and "Donkey Kong Country."

Saban Entertainment is best known for its "Power Rangers" series.

Viacom Inc. has been approached and will give the assets a look, a source said. Viacom (VIA: Research, Estimates) already owns MTV, Nickelodeon, The National Network (TNN), and recently acquired BET.

Other potential bidders could include Walt Disney Co. (DIS: Research, Estimates) and CNNfn-parent AOL Time Warner (AOL: Research, Estimates).

Shares of News Corp. rose 5 cents to $37.36 on the New York Stock Exchange Thursday. graphic

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.