Magazine article Variety

Fox Revamp Puts Accent on Content

Magazine article Variety

Fox Revamp Puts Accent on Content

Article excerpt

The 21st Century Fox restructuring that elevated Gary Newman and Dana Walden to über posts overseeing Fox Broadcasting, as well as the TV studio operation as chairman-CFOs of Fox Television Group, underscores how much the network biz has become the tail that wags the dog of content production.

The longtime 20th Century Fox TV titans are taking on oversight of all entertainment operations of the network in a reorg that follows Kevin Reilly's departure as Fox Broadcasting's programmer in chief in June. Fox is in rebuilding mode as "American Idol" virtually collapsed last year, and the network has struggled to launch and sustain new scripted hits.

With the broadcast network biz facing a host of challenges industrywide, network-studio congloms are turning to their production operations as the best opportunity to profit from licensing around the world and the ravenous appetite for programming among digital buyers.

Newman and Walden emphasized that 20th TV and its affiliates - including Fox Television Studios and Fox 21 banners - would continue to operate autonomously, with its own profit and loss in the 21st Century Fox corporate hierarchy. …

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