Fox News’ Herschend Family Entertainment is buying Fox News, including CNN
Fox News parent News Corp. has acquired Herschen Family Entertainment, a digital media company based in New York that was acquired by Fox News in 2015.
The deal, announced Monday, is worth $10.5 billion.
The combined company will now focus on expanding its business, including its programming arm.
The company, which produces news and information content, has been under intense scrutiny since news broke that Rupert Murdoch was leaving the network, and has been subject to several investigations.