21st Century Fox will stop broadcasting Fox News in the U.K.
Source: MarketWatch
21st Century Fox will stop broadcasting Fox News in the U.K.
Published: Aug 29, 2017 11:34 a.m. ET
by Trey Williams Reporter
21st Century Fox Inc. FOXA, +0.94% FOX, +0.86% on Tuesday said it's decided to stop broadcasting its cable news channel Fox News in the U.K. The company said that after 15 years of airing a feed of the channel on a network owned by European broadcaster Sky PLC SKYAY, +0.32% the service wasn't making money for the company. "{21st Century Fox} has decided to cease providing a feed of Fox News Channel in the U.K.," the company wrote in a statement. "Fox News is focused on the U.S. market and is designed for a U.S. audience and, accordingly, it averages only a few thousand viewers across the day in the U.K. We have concluded that it is not in our commercial interest to continue providing Fox News in the U.K." Fox News-parent 21st Century Fox and MarketWatch-parent News Corp. share common ownership. The decision to remove the channel in the UK comes as Fox awaits a regulatory decision on its $15 billion takeover bid for the 61% of Sky it doesn't own. Sources reportedly told the newspaper the Guardian that the Fox News termination was not related to the regulatory matter. Shares of Fox have declined about 3% in 2017, while the S&P 500 index SPX, -0.05% is up 9%.
Read more: http://www.marketwatch.com/story/21st-century-fox-will-stop-broadcasting-fox-news-in-the-uk-2017-08-29
= new reply since forum marked as read
Is more intelligent, more informed than the average American.
(I considered ending that sentence with a question mark but nah. 
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