| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| Fox Entertainment Group Inc. |
| 1211 Avenue of the Americas, New York, NY 10036 * (212) 852-7000 |
| The company is one of the world's leading vertically integrated entertainment companies. The Company is principally engaged in the development, production and worldwide distribution of feature films and television programs, television broadcasting and cable network programming. |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Allen & Company Incorporated | Co-manager | (212) 339-2220 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-0517 |
| Morgan Stanley Dean Witter Discover & Co. | Co-manager | (212) 761-5900 |
| Nationsbanc Montgomery Securities, Inc. | Co-manager | (415) 627-2100 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| NYSE: | FOX | Service: | SIC 4833 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 8/14/98 | |
| U.S. Shares: | 124,800,000 | Offer Date: | 11/10/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $21.00 - $24.00 | |
| Primary Shares: | 124,800,000 | Offer Price: | $22.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.90 | |
| Offering Amount: | $2,808,000,000 | Selling: | $0.55 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Spin out parent firm: | News Corp. | |||
| Employees: | 10000 | |||
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 6/30/98 | 6/30/98 | ||||
| Revenue: | $7,023.00 | Assets: | $12,360.00 | ||
| Net Income: | $176.00 | Curr Assets: | |||
| EPS: | Liabilities: | $8,419.00 | |||
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | $3,022.00 | Equity: | $3,941.00 | ||
| Cash Flow/Fin: | $415.00 | Cash: | $101.00 | ||
| Cash Flow/Inv: | -$3,592.00 | ||||
| Competition |
| As a diversified entertainment and media company with operations principally in the film, broadcast television and cable network programming businesses, the Company competes with other large diversified entertainment companies with substantial resources. The Company's businesses each compete, in varying degrees, with other leisure-time activities such as movie theaters, television, radio, print media, personal computers and other alternative sources of entertainment and information. In addition, future technological developments may affect competition within these businesses. Each of the film, broadcast television and cable network programming businesses are highly competitive. The Company competes with other film studios, independent production companies and others for the acquisition of artistic properties, the services of creative and technical personnel, exhibition outlets and the public's interest in its products. FOX directly competes for viewers and advertisers and, to a lesser extent, programming with ABC, NBC, CBS (collectively, the "Other Major Networks"), the WB and the UPN Network (collectively, with FOX and the Other Major Networks, the "Networks"). Each of the Other Major Networks broadcasts a greater number of hours of network programming than FOX and, accordingly, may be able to designate or change time periods in which programming is to be broadcast with greater flexibility than FOX. Further, each of the Other Major Networks has a greater number of affiliates with VHF signals, which are generally considered to be stronger affiliates in their markets and, therefore, more appealing to advertisers. Cable network programming services compete for distribution with other pay television programming services and, when distribution is obtained, compete for viewers and advertisers with broadcast television networks, radio and print media. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness to News Corporation. |
| Name of Shareholder | % Owned Before | % Owned After |
| News Corp. | 1.00 | 0.80 |