Twenty-First Century Fox 2014 Annual Report Download - page 16

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10
Television
The Company is engaged in the operation of broadcast television stations and the broadcasting of network
programming in the United States.
Fox Television Stations
Fox Television Stations, Inc. (“Fox Television Stations”) owns and operates 28 full power stations, including
stations located in nine of the top ten largest designated market areas (“DMAs”). Fox Television Stations owns and
operates duopolies in 10 DMAs, including the three largest DMAs, New York, Los Angeles and Chicago.
Of the 28 full power stations, 18 stations are affiliates of FOX (“FOX Affiliates”). For a description of the
programming offered to FOX Affiliates, see “—FOX Broadcasting Company.” In addition, Fox Television Stations
owns and operates 10 stations affiliated with Master Distribution Service, Inc. (“MyNetworkTV”).
In June 2014, Fox Television Stations entered into an agreement with Cox Media Group (“CMG”) to swap its
FOX affiliated stations in the Memphis and Boston markets for two CMG stations located in the San Francisco-Bay
Area market. One of the CMG stations is a FOX Affiliate, and the other is independent. After the closing, CMG will
continue to operate the Boston and Memphis stations as FOX Affiliates. The transaction is subject to regulatory
approvals and other closing conditions.