Fox is big enough to compete, says Murdoch

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Of the management Board-Chairman of 21st Century Fox, has said that the company is large enough to compete in a changing media landscape.

Executive chairman Lachlan Murdoch made the comments after reports that the Murdoch had spoken to the family, on the sale of share of the company to Disney.

Mr Murdoch is not, the possibility of directly, but he said the company is well-positioned now.

He said the company has an “unparalleled global footprint”.Sale possible?

CNBC reported this week that Disney had approached Fox about a possible deal for its entertainment business, including Sky.

The goal is a society that can compete, as well as newer companies such as Netflix and Amazon, the greater is the content-Creator. The talks are no longer ongoing, CNBC said.

Lachlan Murdoch dismissed the idea that the company is not large enough to compete in a changing media landscape.

“Fox has the necessary scale,” Mr. Murdoch said on a conference call for analysts.

Fox has Fox News, as well as brands such as National Geographic, Stern, India, and Twentieth Century Fox film.

It sky is also trying to take over, in which it already has a 39% stake.

But the offer is currently being investigated by the UK competition and markets authority.

Sky said this week in his news channel may shut down, if the approval is not by.

Fox-leader said, you still hope to see that deal completed until mid-2018.

She spoke with analysts, according to Fox quarter sales said increased 8% year-over-year to $7 billion.

Gains in advertising and revenues from associated companies have contributed to the results, lifting profits by 4% to $855m.