a deal worth more than $52 billion. 21st century fox is the parent company of this network. our executive chairman, rupert murdock says he's holding on to some properties including fox news channel to create a spin-off company. here's what he told maria bartiromo on fox business network. watch. >> the new fox will have fox news, fox business, fox broadcasting, fox sports. the pride is, it will have a cash flow at least of $2 billion a year after everything. so we can see expanding this in different opportunities and forming another great company there. >> trace: the white house president trump called rupert murdock to congratulate him on the deal. gerri willis, what does this mean? >> this deal has big implications for hollywood and silicon valley. let's take a look at what disney