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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
network, sports, fs1 and 2, the main sports channels and the fox tv stations. it will be a spin-off company. the new fox, if you like, obviously a lot slimmer than the old 21st century fox. the bottom line, neil, traditional tv is taking a back street to streaming. disney is doing what it can to take on the big internet giants. rupert murdock spoke with maria bartiromo and he says the disney deal makes sense. take a listen. a lot of change coming. people watch television differently. not news or business, but the entertainment works very differently. we re seeing the emergence of new companies. silicon valley is spending tens of billions on entertainment programming. so it makes sense.
toyota will be larry king s guest at 9:00 eastern. on the senate side today, lawmakers ripped into contractors working in afghanistan for a blackwater spin-off company known as parabond accused of breaking rules and endangering the mission there. take a look. paravent was not authorized to carry weapons. that didn t stop contractors from arming themselves. on november 6th, 2008 you said the following in writing. i god sidearms for everyone. 9 millimeters in holsters. we have not received permission to carry them yet but i will take my chances. is that correct? yes, i wrote that e-mail, ma am. one employee took hundreds of ak-47s from a storage bucker. but neither the company nor defense department can find a shred of paperwork to document it. even after a new rule required afghan officers to sign for those weapons, paravent took another 200 rifles.
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