Murdoch will be chairman of both companies and chief executive of 21st Century Fox. The entertainment company will include BSkyB, the 20th Century Fox film studio, 20th Century Fox Television studio, Fox Broadcasting network, Fox News Channel, FX, Fox Sports, National Geographic channels and interests in various TV broadcasting companies across the world. NB: Peter Preston forecast the choice of 21st Century Fox in his Observer column two weeks ago. Source: LA Times