ValueAct buys stake in 21st Century Fox; suggests “re-visit”

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ValueActHedge fund ValueAct Capital said it had taken a $1 billion stake in 21st  Century Fox. Fox recently withdrew its $80 billion bid to buy Time Warner and Rupert Murdoch said he has no plans to pursue another company as an alternative. However, ValueAct thinks Time Warner should be kept on the back burner.

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Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.