After negotiating a lower price for the Fox Family Channel, Disney signed on the bottom line today to make the deal official. The final price was $2.9 billion in cash, down from the original $3 billion, and $2.3 billion in debt assumption for a total $5.2 billion, Disney said in a statement.
The deal clears the way for Disney to rename Fox Family as the ABC Family channel in the United States, where it reaches some 81 million homes, and reposition it with programs from Disney's ABC broadcasting network like ``ABC Nightly News,'' TV magazine show ``Nightline'' or various dramas or sitcoms.
Disney also plans to rebrand the Fox Kids TV channels in Europe and Latin America, which combined reach some 34 million subscribers, with its own Disney content.
The deal clears the way for Disney to rename Fox Family as the ABC Family channel in the United States, where it reaches some 81 million homes, and reposition it with programs from Disney's ABC broadcasting network like ``ABC Nightly News,'' TV magazine show ``Nightline'' or various dramas or sitcoms.
Disney also plans to rebrand the Fox Kids TV channels in Europe and Latin America, which combined reach some 34 million subscribers, with its own Disney content.
