Digesting Disney’s Successful FOX Hunt

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The worst-kept secret in the global broadcasting business was formally revealed on Thursday morning before the Opening Bell on Wall Street and in midday trading on the FTSE in London.

The Walt Disney Company and Twenty-First Century Fox have entered into a definitive agreement for Disney to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock — and a total value of $66.1 billion.

What does this mean for FOX O&Os and the U.S. broadcast TV industry?

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