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Rupert Murdoch
Fox and Apollo unite to combine Shine Group, Endemol and Core Media
Fox and Apollo unite to combine Shine Group, Endemol and Core Media

Rupert Murdoch's 21st Century Fox and Apollo Global Management have finally completed a deal to create a global TV production unit. Under the pact, which was announced Friday, Fox's Shine Group will combine with Apollo-controlled Endemol and Core Media Group. It's a plan that had been brewing between Fox and Apollo for a while as consolidation has increased in the production sector. The companies didn’t disclose financial terms for the joint venture. The partnership will make it the world's largest independent TV production company, with franchises like "Master Chef," "The Biggest Loser" and "Big Brother" under the umbrella. And...

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