It is one of two companies that succeeded the original News Corp., alongside 21st Century Fox, which consisted of broadcasting and media properties such as Fox Entertainment Group. The spin-out was structured so that 21CF was the legal continuation of the original News Corp., with the new News Corp being a new company formed by a stock split. Since March 19, 2019, Fox Corporation (which holds 21CF's national broadcasting, news and sports assets due to 21CF's sale to Disney the next day) is the sister company of News Corp under the Murdoch family's control.