Dallas, Texas 12/13/2013 (FINANCIALSTRENDS) – The 2014 Special Olympics USA Games has signed Twenty-First Century Fox Inc (NASDAQ:FOXA), the globe’s premier group of cable, broadcast, movie, pay television and satellite assets covering 6 continents, as a founding associate of the 2014 USA Games that will take place between June 14 to June 21, 2014.
With a reach of almost 1.5 billion subscribers in over 100 local languages, the company will act as the Official Presenting Media Sponsor and will offer wide exposure for the 2014 Special Olympics USA Games crosswise its United States’ channels that comprise FOX Broadcasting, National Geographic Channel, FOX News Channel, FOX Sports, FX, FOX Business Network and 28 local stations, in addition to FOX Sports 1 that will telecast a 60 minutes recap special.
As Presenting Media Sponsor of the 2014 USA Games, Twenty-First Century Fox Inc (NASDAQ:FOXA) has committed to media contact crossways its cable and broadcast systems in addition to its local stations, most particularly WNYW and WWOR in NY and WTXF in the city of Philadelphia.
Murdoch son sells 18.5% of Twenty-First Century Fox Inc (NASDAQ:FOXA) stake
James Murdoch, Twenty-First Century Fox Inc (NASDAQ:FOXA)’s deputy chief operating officer, has sold around 18.5% of his equity stake in the media firm in a deal priced at $15 million.
Mr. James, son of 21st Century Fox Chairman and Chief Executive Rupert Murdoch, revealed that he sold 455,000 Class A scrips at an standard cost of $32.97. James Murdoch still possesses almost 2 million Class A scrips of 21st Century Fox.
21st Century Fox representative Julie Henderson stated that Mr. Rupert’s scrip sale was for “monetary planning reasons.”
The scrip sale revelation comes 10 days after 21st Century Fox announced its fiscal first-quarter income declined 44%, hurt partly by startup costs for 2 cable-TV channels.