News Corp. Buys FiT TV Stake
News Corp. said Thursday it has bought a majority stake in FiT TV, a health and fitness cable channel created by fitness guru Jake Steinfeld, for an undisclosed price.
News Corp. will run the closely held 24-hour channel through its Fox/Liberty Networks and International Family Entertainment units. Body by Jake Enterprises and Reebok International will maintain minority stakes in FiT TV.
The channel reaches about 8 million subscribers through cable and satellite TV services.
Fox/Liberty Networks, formed in 1995 by News Corp. and Tele-Communications Inc.’s Liberty Media unit, includes the FX, Fox Sports Net and Fox Sports International networks.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
