<PAGE>
FORM 4 --------------------------------
/ OMB APPROVAL /
[_] Check this box if /------------------------------/
no longer subject / OMB Number: 3235-0287 /
to Section 16. / Expires: December 31, 2000 /
Form 4 or Form 5 / Estimated average burden /
obligations may / hours per response...... 0.5 /
continue. See /------------------------------/
Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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
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1. Name and Address of Reporting Person*
FEG Holdings, Inc.
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(Last) (First) (Middle)
1211 Avenue of the Americas
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(Street)
New York New York 10036
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Fox Entertainment Group, Inc. ("FOX")
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3. IRS or Identification Number of Reporting Person if an entity
(Voluntary)
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4. Statement for Month/Year July 1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] Officer [X] 10% Owner [ ] Other
(give title below) (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
____ Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<TABLE>
<CAPTION>
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
of action action or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene-
Day/ ----------------------------------------------- End of (D) or ficial
Year) Month Indirect Owner-
Code V Amount (A) or Price (Instr. 3 and 4) (I) ship
(D) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Common Stock, 7/15/99 J(2) 51,759,834 A (2) 599,259,834 D (3)
par value $.01 per share
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</TABLE>
<PAGE>
FORM 4 (continued)
TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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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
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C>
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<CAPTION>
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6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Secu- ficial
(Instr. ficially rity: Owner-
-------------------------------------------- 5) Owned Direct ship
Date Expira- Amount or at End (D) or (Instr.
Exer- tion Title Number of of Indi- 4)
cisable Date Shares Month rect (1)
(Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
(1) Pursuant to Instruction 5(b)(v), this Form 4 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 4.
(2) The shares of Class A Common Stock were acquired in exchange for a
contribution to the issuer of certain assets valued at approximately $1.425
billion. The contributed assets were acquired from Liberty Media Corporation
and consisted of substantially all of Liberty Media Corporation's 50% interest
in the businesses of Fox/Liberty Networks, LLC and other related businesses.
(3) The 51,759,834 shares of Class A Common Stock of the issuer reported are
directly owned by FEG Holdings. 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 of FEG Holdings. 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
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Name: Paula Wardynski Date
Title: Vice President, Treasurer
and Secretary
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/**/Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
(Print or Type Responses)
(Over)
SEC (1474 (7/96)
<PAGE>
FORM 4 (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: 7/15/99
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
Designated Filer: FEG Holdings, Inc.
Date of Event Requiring Statement: 7/15/99
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 3 of 4 Pages
<PAGE>
Name: K. Rupert Murdoch
Address: 10201 West Pico Boulevard
Los Angeles, CA 90035
Designated Filer: FEG Holdings, Inc.
Date of Event Requiring Statement: 7/15/99
Issuer and Ticker or Trading Symbol: Fox Entertainment Group, Inc. ("FOX")
Signature:
/s/K. Rupert Murdoch
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K. Rupert Murdoch
Page 4 of 4 Pages
SEC (1474 (7/96)
