Disney did not buy 21st Century Fox’s film and TV operations but other bidders will surely circle. Is Murdoch now a seller, not a buyer?It used to be said that Rupert Murdoch’s media empire would not survive intact beyond the founder’s lifetime. Now, it seems, it may not get that far.The stunning news is that Murdoch’s 21st Century Fox held talks with Disney about a sale of the bulk of its business – the movie studio, TV production and the international operations including the 39% stake in Sky in the UK. All that would remain would be Fox’s broadcast network and its news and sports assets in the US – a substantial operation in its own right, but not the stuff of empires. Continue reading…
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