[4] Fox Entertainment Group was formed in the 1980s after the purchase of the Metromedia-owned independent stations by the 20th Century Fox film studio, at the time jointly owned by Australian-American media mogul Rupert Murdoch's News Corporation, and Denver billionaire Marvin Davis.

Not long after the Metromedia deal was made, Murdoch purchased Davis's shares and News Corp assumed full control of the film studio, which was then placed within Fox Entertainment Group.

[10] On March 20, 1998, Fox Entertainment Group (under the management of Rupert Murdoch) purchased the Los Angeles Dodgers from Peter O'Malley on $311-million of dollars.

[16] The company has traded on the NYSE since its launch under ticker symbol FOX until its acquisition in 2005 by News Corporation.

Murdoch considered the name of the new company a way to maintain the 20th Century Fox's heritage as the group advances into the future.