In October 2001, Fox sold its children's division, Saban Entertainment and Fox Family Worldwide (the parent subsidiary of cable network Fox Family Channel, now ABC Family) to The Walt Disney Company for $5.3 billion [REF].
Unlike ABC, CBS and NBC, Fox does not currently air national news programs (morning, evening or overnight) or newsmagazines - choosing to focus solely on its prime time schedule, sports and other ancillary network programming.