I agree with your main point, but I have a correction.
Fox TV stations are owned by 21st Century Fox which was sold to … the Walt Disney Company. ..."
Disney didn't get the Fox Television Stations because they own ABC and it's not allowed per anti-trust laws. Same reason Comcast/NBC could not purchase them, even if they rebranded to NBC.
On December 14, 2017, after rumors of such a sale, The Walt Disney Company announced that it would purchase FTS's parent company, 21st Century Fox for $52.4 billion, plus the assumption of $13.7 billion in debt by Fox, subject to government approval. FTS, along with several other assets was spun off into Fox Corporation, a company owned by the Murdoch family. The deal was completed on March 20, 2019.
Fox TV stations are owned by 21st Century Fox which was sold to … the Walt Disney Company. ..."
Disney didn't get the Fox Television Stations because they own ABC and it's not allowed per anti-trust laws. Same reason Comcast/NBC could not purchase them, even if they rebranded to NBC.
On December 14, 2017, after rumors of such a sale, The Walt Disney Company announced that it would purchase FTS's parent company, 21st Century Fox for $52.4 billion, plus the assumption of $13.7 billion in debt by Fox, subject to government approval. FTS, along with several other assets was spun off into Fox Corporation, a company owned by the Murdoch family. The deal was completed on March 20, 2019.