Fox Entertainment may raise $2.5 billion - Broadcasting & Cable

Fox Entertainment may raise $2.5 billion

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Fox Entertainment Group filed a universal shelf registration statement
with the Securities and Exchange Commission Friday to issue up to $2.5 billion of equity or debt securities to the
public.

The company didn't disclose when it might try to raise the money, but
Standard & Poor's Corp. issued a preliminary "BBB-minus" rating on Fox debt --
something the agency typically doesn't do unless the company has signaled that
some sort of sale is imminent.

Fox didn't say how it might use any money raised.

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