21st Century Fox has tapped Gary Newman (pictured, left) and Dana Walden (right) to oversee Fox Television Group, a new division which will combine Fox Broadcasting Company (FBC) and 20th Century Fox Television (TCFTV).
Both execs will hold the title of chairman and CEO of Fox Television Group, effective from later this month, and will be responsible for all facets of the Fox broadcast network, including programming, digital and marketing functions.
The pair will continue to have oversight of 20th Century Fox Television, which they have led for the past 15 years.
While both companies will be housed within Fox Television Group, FBC and TCFTV will continue to operate as independent entities, but will share financial and creative goals.
Fox Television Group will operate as a division of Fox Networks Group, which also oversees 21st Century Fox’s domestic entertainment, sports and non-fiction channels, as well as Fox International Channels’ collection of more than 300 channels worldwide.
Both Walden and Newman report to Peter Rice, chairman of Fox Networks Group.
“As we look to the future of the broadcast television business, it is clear that the best path forward is to operate our creative and broadcast divisions under the leadership of a single team, and that Gary and Dana are the perfect executives to take on this new role,” said Chase Carey, president and chief operating officer of 21st Century Fox, in a statement.
“While TCFTV and FBC will each continue as an open supplier and an open network respectively, the closer alignment of these two properties – coupled with a unified vision from Dana and Gary – gives us a clear advantage in creating even more hit content that will benefit both businesses.
“We are incredibly fortunate to have two such accomplished leaders already under our roof to take on these important new roles.”
Newman and Walder were named presidents of 20th Century Fox Television in December 1999, and later elevated to chairmen, and then chairmen and CEOs.
In a joint statement, the duo said: “The time is right to unite these divisions. Television has never been more creatively vibrant and the business has never been more dynamic.
“Our goal is to make FBC the number one destination for creators with big visions and bold ideas, because our guiding principle has always been ‘talent first.’ We are humbled by the challenges and exhilarated by the opportunities ahead. It’s an exciting time.”