Paul Ryan has a new job.
Ryan will serve on the board along with Murdoch, Fox's founder, and his son, Lachlan Murdoch, Fox's chairman and chief executive.
Former Speaker of the House Paul Ryan is joining the board of the newly slimmed-down Fox Corporation, the parent company of Fox News. That means each share of 21st Century Fox common stock will be exchanged for $51.572626 in cash or 0.4517 shares of common stock of the holding company that will own both Disney and the Fox assets being acquired. Disney was still informing some senior 21st Century Fox employees of their status with the new company as late as Monday. Comcast wound up with full control of pay-TV giant Sky.
SEC Urges Court To Hold Elon Musk In Contempt Over Tweets
As part of that settlement, Musk stepped down as the company's chairman and he and Tesla agreed to pay $20 million each in fines. The SEC accuses Musk of failing to have his tweets vetted and, instead, "unilaterally" deciding what is material information.
Three teens dead after St Patrick's Day party in Tyrone
He made a direct appeal for people with footage of the incident to hand it to the police, rather than posting it on social media. Three teenagers have died, after a suspected crush at a St Patrick's Night disco in Cookstown , County Tyrone .
New Zealand PM vows gun law change
The gunman live streamed the shooting to social media , sharing the harrowing footage to Facebook. Brenton Tarrant, 28, appeared in a Christchurch District Court and was charged with murder .
For Fox, in all, it will have assets such as the Fox News Channel, Fox Business Network, FS1 and FS2, the Fox Broadcasting network, and a number of Fox television stations, according to the LA Times.
In an official statement, Fox Corp. "Most of the affected positions are in Los Angeles", James wrote. Disney owns about 30 per cent of the USA box office and will hold about 40 per cent when Fox is folded in, The Hollywood Reporter estimates. ("21CF") (NASDAQ: TFCFA, TFCF) announced that it has today completed the distribution of all issued and outstanding shares of Fox Corporation ("FOX") common stock to 21CF stockholders (other than holders of the shares held by subsidiaries of 21CF) on a pro rata basis (the "Distribution").
Also, the family-friendly Disney will not stifle the R-rated "Deadpool" movies, which star Ryan Reynolds.