Disney's pursuit of Fox RSNs could be big boost for ESPN

"If Disney is successful in acquiring the Fox RSNs, it would combine the biggest national sports network in the US, ESPN, with the biggest RSN group in the country, along with some of the most popular college conferences (SEC, ACC, and BTN)".

Murdoch, the scion of Fox chairman Rupert Murdoch, could end up being the successor to current Disney CEO Bob Iger when Iger retires in 2019, according to a Wednesday report in the Financial Times.

Disney is in the midst of negotiations on a reported $60 billion deal to acquire studio and TV assets from 21st Century Fox.

Disney did not immediately respond to request for comment from TheWrap.

Fox Chief Executive James Murdoch, speaking at the UBS Global Media and Communications Conference in NY on Tuesday, declined to comment on reports about a potential sale.

The deal contemplates the sale of Fox's Nat Geo, Star, regional sports networks, movie studios and stakes in Sky and Hulu, among other properties.

Instagram testing a stand-alone messaging app called Direct
Instagram is testing the app right now in Chile, Israel , Italy , Portugal, Turkey, and Uruguay for both Android and iOS users. If you anxious this new app would make private messaging complicated, this proves it won't.

Shares of Disney fell to session lows on the news before settling down 1.58 per cent at $105.53 apiece.

Meanwhile, Fox would be left with its news broadcast operation, plus some of its sports assets, under the leadership of Lachlan Murdoch, James's brother.

Guggenheim's analysis put the value of all of Fox assets at $68 billion. According to WSJ sources, a provision about Iger staying on to help lead the integration of the two companies' assets could be added to any agreement made.

Those assets would offer the opportunity for both Comcast and Disney to broaden their worldwide distribution footprint.

Any potential deal would follow the US Department of Justice's decision to sue to block AT&T Inc's $85.4 billion deal to buy Time Warner Inc.

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