<P> In May 1985 , Australian publisher Rupert Murdoch announced that he and American industrialist and philanthropist Marvin Davis intended to develop `` a network of independent stations as a fourth marketing force '' to compete directly with CBS , NBC , and ABC through the purchase of six television stations owned by Metromedia . In July 1985 , 20th Century Fox announced that Murdoch had completed his purchase of 50 percent of Fox Filmed Entertainment , the parent company of 20th Century Fox Film Corporation . A year later , 20th Century Fox earned $5.6 million in its fiscal third period ended May 31 , 1986 , in contrast to a loss of $55.8 million in the third period of the previous year . </P>
<P> In May 1985 , Australian publisher Rupert Murdoch announced that he and American industrialist and philanthropist Marvin Davis intended to develop `` a network of independent stations as a fourth marketing force '' to compete directly with CBS , NBC , and ABC through the purchase of six television stations owned by Metromedia . In July 1985 , 20th Century Fox announced that Murdoch had completed his purchase of 50 percent of Fox Filmed Entertainment , the parent company of 20th Century Fox Film Corporation . A year later , 20th Century Fox earned $5.6 million in its fiscal third period ended May 31 , 1986 , in contrast to a loss of $55.8 million in the third period of the previous year . </P>
who is the parent company of fox news
who is the parent company of fox news
Fox Filmed Entertainment
Fox Filmed Entertainment