Welcome to Industry Focus, the podcast, it dives into a different sector of the stock market every day.

I'm your host, Vincent Shen, it's Tuesday, July 31st.

We're putting a spotlight on media companies today first with an update on one of the biggest stories from 2017 and then an earnings preview and outlook for a quote old media stock

Joining me via Skype for this discussion is senior Motley Fool Contributor, Osset Sharma. Hey, Osset, how's it going?

Hey Vince, fantastic. How are you doing today? I'm doing really well. We're on a tight schedule here, so we're going to dive right into our first topic,

and that's with the

Walt Disney and 21st century Fox merger. So it's been a few months since we

last checked in on this ongoing saga and the news from last week helps to put kind of a nice bookend on the deal

so we're gonna discuss what happened what investors should expect going

forward so first back in late May Dan Klein and I spoke about a potential counteroffer for the Fox assets from Comcast and

the inherent uncertainty that accompanies this type of bidding war.

But it wasn't until mid-June in the immediate aftermath of the Justice Department announcement

that they would clear a different deal, big one between 18-18 Time Warner, that Comcast stepped

up to the plate and they put out an offer for $65 billion in cash.

Disney was forced to respond with a $71 billion deal that includes both cash and stock

and earlier this month, ultimately Comcast chose to withdraw its bid.

So this brings us to the past week.

Shareholders at both Fox and Disney have approved the deal

to Justice Department has given its approval as well

with one small requirement and that's that Disney

will divest itself of Fox's regional sports networks that compete with the

ESPN. So beyond that Disney still gets the valuable film and television properties, majority ownership of

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