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The new Fox will be a sports and entertainment hub
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Last week, Fox bought the rights to broadcast “WWE SmackDown” for five years. It made another five-year deal for Thursday night NFL games earlier this year. The two franchises are among the most popular on TV. Although the terms of each deal weren’t publicly disclosed, The Hollywood Reporter has reported their combined value at about $4 billion. The deals show how much Fox (FOXA) is willing to bet on sports and entertainment programming as it prepares for life as a leaner company. Disney (DIS) h…

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