<PAGE>
FORM 5 --------------------------------
/ OMB APPROVAL /
/------------------------------/
/ OMB Number: 3235-0287 /
/ Expires: December 31, 2000 /
/ Estimated average burden /
/ hours per response...... 1.0 /
/------------------------------/
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer
subject to Section 16.
Form 4 or Form 5 obli-
gations may continue. See Instruc-
tion 1(b)
[X] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
FEG Holdings, Inc. (1)
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
1211 Avenue of the Americas
- --------------------------------------------------------------------------------
(Street)
New York New York 10036
- --------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Fox Entertainment Group, Inc. ("FOX")
- -------------------------------------
3. I.R.S. or Identification Number of Reporting Person, if an entity
(Voluntary)
--------------
4. Statement for Month/Year June 1999
---------------------------------------------------
5. If Amendment, Date of Original (Month/Year)
--------------------------------
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] Officer [X] 10% Owner [ ] Other
(give title below) (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
____ Form filed by One Reporting Person
X Form filed by More than One Reporting Person
----
----------------------------------------------------------------------------
TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Month/ (Instr. 8) Owned at Direct Bene-
Day/ end of (D) or ficial
Year) Issuer's Indirect Owner-
(A) or Fiscal Year (I) ship
Amount (D) Price (Instr. 3 and 4) (Instr. 4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Common Stock, 11/9/98 3 547,500,000 D(3)
par value $.01 per share (2)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
FORM 5 (continued)
TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<S> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
*If this form is filed by more than one person, see instruction 4(b)(v).
(Over)
SEC 2270 (7-96)
</TABLE>
<PAGE>
FORM 5 (continued)
TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Price of (Month/ Disposed of (D)
Deriv- Day/ (Instr. 3, 4, and 5)
ative Year)
Security
---------------------------
(A) (D)
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
Security (Instr. 3) cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative of De- of In-
Date ative Secur- rivative direct
(Month/Day/ Secur- ities Secu- Bene-
Year) ity Bene- rity: ficial
(Instr. ficially Direct Owner-
-------------------------------------------- 5) Owned (D) or ship
Date Expira- Amount or at End Indi- (Instr.
Exer- tion Title Number of of Year rect (1) 4)
cisable Date Shares (Instr. 4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Explanation of Responses:
(1) Pursuant to Instruction 5(b)(v), this Form 5 is filed jointly by all of the
undersigned (collectively, the "Reporting Persons"), who may be deemed to be
members of a "group" pursuant to Section 13(d) of the Securities Exchange
Act of 1934, as amended. FEG Holdings, Inc. ("FEG Holdings") has been
designated to make the filing of this Form 5.
(2) The 547,500,000 shares of Class A Common Stock of the issuer reported as
beneficially owned by FEG Holdings represent shares of Class A Common Stock
of the Issuer which FEG Holdings would be entitled to receive upon
conversion of all shares of Class B Common Stock, $.01 par value, held by
FEG Holdings. The Class B shares of Common Stock held by FEG Holdings are
convertible on a 1:1 basis at the option of the holder into shares of Class
A Common Stock.
(3) News America Incorporated ("NAI") and The News Corporation Limited ("News
Corporation"), as persons who may be deemed to control FEG Holdings, may
also be deemed to indirectly beneficially own such shares. By virtue of
ordinary shares of News Corporation owned by (i) Mr. K. Rupert Murdoch and
members of his family, (ii) Cruden Investments Pty. Limited, a private
Australian investment company owned by Mr. Murdoch, members of his family
and certain charities, and (iii) corporations which are controlled by
trustees of settlements and trusts set up for the benefit of the Murdoch
family, certain charities and other persons, and Mr. Murdoch's positions as
Chairman and Chief Executive of News Corporation, Mr. Murdoch may be deemed
to control the operations of News Corporation, and may therefore be deemed
to indirectly beneficially own such shares. The Reporting Persons, other
than FEG Holdings, disclaim beneficial ownership of such shares, except to
the extent of their pecuniary interest therein, and this report shall not be
deemed an admission that the Reporting Persons are the beneficial owners of
such securities for purposes of Section 16 or any other purpose.
FEG Holdings, Inc.
By: /s/Paula Wardynski 8-6-99
------------------------ --------
Name: Paula Wardynski Date
<PAGE>
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Title: Vice President, Treasurer
and Secretary
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
Page 2
FORM 5 (continued)
Joint Filer Information
Name: The News Corporation Limited
Address: 2 Holt Street
Sydney, New South Wales 2010
Australia
Designated Filer: FEG Holdings, Inc.
Date of Event Requiring Statement: 11/9/98
Issuer and Ticker or Trading Symbol: Fox Entertainment Group, Inc. ("FOX")
Signature: THE NEWS CORPORATION LIMITED
By: /s/Arthur M. Siskind
-----------------------------------
Name: Arthur M. Siskind
Title: Director
Name: News America Incorporated
Address: 1211 Avenue of the Americas
New York, NY 10036
Page 4 of 6
<PAGE>
Designated Filer: FEG Holdings, Inc.
Date of Event Requiring Statement: 11/9/98
Issuer and Ticker or Trading Symbol: Fox Entertainment Group, Inc. ("FOX")
Signature: NEWS AMERICA INCORPORATED
By: /s/Lawrence A. Jacobs
-----------------------------------
Name: Lawrence A. Jacobs
Title: Senior Vice President
Page 5 of 6
<PAGE>
Name: K. Rupert Murdoch
Address: 10201 West Pico Boulevard
Los Angeles, CA 90035
Designated Filer: FEG Holdings, Inc.
Date of Event Requiring Statement: 11/9/98
Issuer and Ticker or Trading Symbol: Fox Entertainment Group, Inc. ("FOX")
Signature:
/s/K. Rupert Murdoch
--------------------
K. Rupert Murdoch
Page 6 of 6
