21st Century Fox Hopes to Complete its Massive Media Review By Year's End

Spends about $1 billion in media annually

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The consultant behind 21st Century Fox's global media review is no stranger to such searches. In fact, MediaLink handled the 2011 review triggered by Comcast's acquisition of NBCUniversal.

The latest search comes two years after News Corp. split into two companies—publisher News Corp. and TV and movie juggernaut 21st Century Fox. The latter includes the namesake movie studio, Fox News, Fox Broadcasting and FX cable network. Collectively, those divisions spend an estimated $1 billion a year in media.

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