FOX TELEVISION STATIONS INC /DE/
4, 1997-09-10
TELEVISION BROADCASTING STATIONS
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<PAGE>
 
                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

FORM 4                                                      OMB APPROVAL
                                                   -----------------------------
[X] Check this box if no longer                    OMB NUMBER:  3235-0287
    subject to Section 16. Form 4                  Expires:  September 30, 1998
    or Form 5 obligations may                      Estimated average burden
    continue. SEE Instruction 1(b).                hours per response ...... 0.5
                                                   -----------------------------

                 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


1. Name and Address of Reporting Person*

The News Corporation Limited
- --------------------------------------------------------------------------------
  (Last)                             (First)                         (Middle)

2 Holt Street
- --------------------------------------------------------------------------------
                                    (Street)

Sydney                          New South Wales 2010            Australia
- --------------------------------------------------------------------------------
  (City)                             (State)                          (Zip)


- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol

International Family Entertainment ("IFE")
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)


- --------------------------------------------------------------------------------
4. Statement for Month/Year

   August/September 1997
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original   (Month/Year)


- --------------------------------------------------------------------------------
6. Relationship of Reporting Person to Issuer
       (Check all applicable)

                  Director                   X     10% Owner
           -----                           ------ 

                  Officer (give                    Other (Specify
           -----           title below)    ------         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> 
<CAPTION> 
                         Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security          2. Trans-   3. Trans-      4. Securities Acquired (A)    5. Amount of    6. Ownership  7. Nature
   (Instr. 3)                    action      action         or Disposed of (D)            Securities      Form:         of Indirect 
                                 Date        Code                                         Beneficially    Direct        Beneficial
                                            (Instr. 8)      (Instr. 3,4 and 5)            Owned at       (D) or         Ownership
                                (Month/   ------------   --------------------------       End of Month    Indirect     (Instr. 4)
                                 Day/      Code    V      Amount   (A) or    Price       (Instr. 3       (I)      
                                 Year)                             (D)                     and 4)        (Instr. 4)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
<S>                           <C>         <C>     <C>   <C>        <C>      <C>         <C>            <C>           <C> 
Class B Common Stock,                                   25,263,659                                                   By Fox Kids 
par value $.01 per share        8/1/97      P              (1)       A      $35 per share   25,263,659      (I)      Worldwide,
                                                                                                                       Inc. (2)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
Class B Common Stock,                                   23,444,118                                                   By Fox Kids 
par value $.01 per share        9/4/97    J(3)     V       (3)       A      $35 per share   48,707,777      (I)      Worldwide,
                                                                                                                       Inc. (2)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
</TABLE> 
<PAGE>
 
FORM 4 (continued)   

<TABLE> 
<CAPTION> 

                          Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned 
                                  (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security  2. Conversion    3. Transaction  4. Transacation   5. Number of Derivative      6. Date Exercisable
  (Instr. 3)                        or Exercise      Date            Code              Securities Acquired (A)      and Expiration 
                                    Price of        (Month/Day/      (Instr. 8)        or Disposed of (D)           Date
                                    Derivative       Year)                            (Instr. 3, 4, and 5)         (Month/Day/
                                    Security                                                                        Year)
                                                                  ---------------   --------------------------   -------------------
                                                                    Code      V         (A)        (D)            Date    Expiration
                                                                                                                  Exer-   Date 
                                                                                                                  cisable  
- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
<S>                              <C>              <C>             <C>       <C>     <C>             <C>          <C>      <C> 

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
</TABLE> 


<TABLE> 
<CAPTION> 
7. Title and Amount of    8. Price of Derivative  9. Number of Derivative     10. Ownership Form           11. Nature of Indirect 
   Underlying Securities     Security (Instr. 5)     Securities Beneficially      of Derivative Security:      Beneficial Ownership 
  (Instr. 3 and 4)                                   Owned at End of Month        Direct (D) or                (Instr. 4) 
                                                     Instr. 4)                    Indirect (I) (Instr. 4)      
- ------------------------  
  Title      Amount or  
             Number of
             Shares
- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 
<S>                       <C>                     <C>                         <C>                          <C> 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 
Explanation of Responses:

                                                                        THE NEWS CORPORATION LIMITED
 

                                                                        /s/ Arthur M. Siskind                              9/9/97 
                                                                        -------------------------------------        -------------
                                                                        Name: Arthur M. Siskind                            Date   
                                                                        Title: Director                                           
                                                                        **Signature of Reporting Person                            
</TABLE> 
(1) Represents shares purchased by Fox Kids Worldwide, Inc. ("FKWW") pursuant to
    stock purchase agreements and a contribution and exchange agreement, each
    dated as of June 11, 1997, consisting of (i) 3,891,121 shares of Class B
    Common Stock purchased from The Christian Broadcasting Network, Inc.; (ii)
    4,214,325 shares of Class B Common Stock purchased from Regent University;
    (iii) 5,000,000 shares of Class A Common Stock in the form of Class B Common
    Stock issuable upon conversion thereof and 2,481,981 shares of Class B
    Common Stock purchased from M.G. "Pat" Robertson and Tim Robertson and
    trusts controlled by them; and (iv) 7,088,732 shares of Class C Common Stock
    and $23 million principal amount of 6% Convertible Secured Notes due 2004
    which are convertible into 2,587,500 shares of Class C Common Stock, with
    each share of Class C Common Stock convertible into an equal number of
    shares of Class B Common Stock, acquired from Liberty IFE, Inc. This
    aggregate amount represents approximately 51.9% of the outstanding shares of
    Class B Common Stock, assuming full conversion of the Class A and Class C
    Common Stock into Class B Common Stock.
(2) Fox Television Stations, Inc. ("Fox Television") owns 49.5% of the
    outstanding common stock of FKWW, representing 49.95% of the voting power of
    FKWW. Of the remaining shares of outstanding common stock of FKWW, Haim
    Saban and entities which he controls own 49.5% , representing 49.95% of the
    voting power of FKWW, and Allen & Company Incorporated owns 1.0%,
    representing 0.1% of the voting power of FKWW. Twentieth Holdings
    Corporation ("Twentieth Holdings") owns 100% of the outstanding common stock
    of Fox Television. The News Corporation Limited indirectly owns 100% of the
    outstanding common stock of Twentieth Holdings. K. Rupert Murdoch holds
    voting preferred shares of Twentieth Holdings representing 76% of the voting
    power of Twentieth Holdings.
(3) On September 4, 1997, Fox Kids Merger Corporation ("Merger Sub"), a Delaware
    corporation and wholly owned subsidiary of FKWW, merged with and into IFE,
    pursuant to the terms and conditions of the Agreement and Plan of Merger by
    and among FKWW, Merger Sub and IFE, dated as of June 11, 1997 (the "Merger
    Agreement"). As a result of the merger, IFE, as the surviving corporation in
    the merger, became a wholly-owned subsidiary of FKWW, and each issued and
    outstanding share of Class B Common Stock of IFE outstanding immediately
    prior to the merger, was converted into the right to receive $35 in cash.
 


**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.


                                                                          Page 2
                                                                 SEC 1474 (7-96)
<PAGE>
 
                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

FORM 4                                                      OMB APPROVAL
                                                   -----------------------------
[X] Check this box if no longer                    OMB NUMBER:  3235-0287
    subject to Section 16. Form 4                  Expires:  September 30, 1998
    or Form 5 obligations may                      Estimated average burden
    continue. SEE Instruction 1(b).                hours per response ...... 0.5
                                                   -----------------------------

                 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


1. Name and Address of Reporting Person*

K. Rupert Murdoch
- --------------------------------------------------------------------------------
  (Last)                             (First)                         (Middle)

10201 West Pico Boulevard
- --------------------------------------------------------------------------------
                                    (Street)

Los Angeles                      California                      90035
- --------------------------------------------------------------------------------
  (City)                             (State)                          (Zip)

- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol

International Family Entertainment ("IFE")
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)

IRS or Social Security Number of Reporting Person (Voluntary)
- --------------------------------------------------------------------------------
4. Statement for Month/Year

August/September 1997
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original   (Month/Year)

- --------------------------------------------------------------------------------
6. Relationship of Reporting Person to Issuer
       (Check all applicable)

                  Director                   X     10% Owner
           -----                           ------ 

                  Officer (give                    Other (Specify
           -----           title below)    ------         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> 
<CAPTION> 
                         Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security          2. Trans-   3. Trans-      4. Securities Acquired (A)    5. Amount of    6. Ownership  7. Nature
   (Instr. 3)                    action      action         or Disposed of (D)            Securities      Form:         of Indirect 
                                 Date        Code                                         Beneficially    Direct        Beneficial
                                            (Instr. 8)      (Instr. 3,4 and 5)            Owned at       (D) or         Ownership
                                (Month/   ------------   --------------------------       End of Month    Indirect     (Instr. 4)
                                 Day/      Code    V      Amount   (A) or    Price       (Instr. 3       (I)      
                                 Year)                             (D)                     and 4)        (Instr. 4)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
<S>                           <C>         <C>     <C>  <C>         <C>    <C>           <C>            <C>           <C> 
                                                                                                                     By Fox Kids
Class B Common Stock, par                              25,263,669                                                     Worldwide, 
value $.01 per share            8/1/97      P              (1)       A    $35 per share   25,263,659       (I)         Inc.(2)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
Class B Common Stock,                                   23,444,118                                                   By Fox Kids 
par value $.01 per share        9/4/97    J(3)     V       (3)       A    $35 per share   48,707,777       (I)        Worldwide,
                                                                                                                       Inc. (2)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
</TABLE> 
<PAGE>
 
FORM 4 (continued)   

<TABLE> 
<CAPTION> 
                          Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned 
                                  (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security  2. Conversion    3. Transaction  4. Transacation   5. Number of Derivative      6. Date Exercisable
  (Instr. 3)                        or Exercise      Date            Code              Securities Acquired (A)      and Expiration 
                                    Price of        (Month/Day/      (Instr. 8)        or Disposed of (D)           Date
                                    Derivative       Year)                            (Instr. 3, 4, and 5)         (Month/Day/
                                    Security                                                                        Year)
                                                                  ---------------   --------------------------   -------------------
                                                                    Code      V         (A)        (D)            Date    Expiration
                                                                                                                  Exer-   Date 
                                                                                                                  cisable  
- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
<S>                              <C>              <C>             <C>       <C>     <C>             <C>          <C>      <C> 

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
</TABLE> 

<TABLE> 
<CAPTION> 
7. Title and Amount of    8. Price of Derivative  9. Number of Derivative     10. Ownership Form           11. Nature of Indirect 
   Underlying Securities     Security (Instr. 5)     Securities Beneficially      of Derivative Security:      Beneficial Ownership 
  (Instr. 3 and 4)                                   Owned at End of Month        Direct (D) or                (Instr. 4) 
                                                     Instr. 4)                    Indirect (I) (Instr. 4)      
- ------------------------  
  Title      Amount or  
             Number of
             Shares
- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 
<S>                       <C>                     <C>                         <C>                          <C> 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

Explanation of Responses:

                                                                                    /s/ K. Rupert Murdoch                 9/9/97
                                                                                   _______________________________    ______________
                                                                                    **Signature of Reporting Person        Date
</TABLE> 

(1) Represents shares purchased by Fox Kids Worldwide, Inc. ("FKWW") pursuant to
stock purchase agreements and a contribution and exchange agreement, each dated
as of June 11, 1997, consisting of (i) 3,891,121 shares of Class B Common Stock
purchased from The Christian Broadcasting Network, Inc.; (ii) 4,214,325 shares
of Class B Common Stock purchased from Regent University; (iii) 5,000,000 shares
of Class A Common Stock in the form of Class B Common Stock issuable upon
conversion thereof and 2,481,981 shares of Class B Common Stock purchased from
M.G. "Pat" Robertson and Tim Robertson and trusts controlled by them; and (iv)
7,088,732 shares of Class C Common Stock and $23 million principal amount of 6%
Convertible Secured Notes due 2004 which are convertible into 2,587,500 shares
of Class C Common Stock, with each share of Class C Common Stock convertible
into an equal number of shares of Class B Common Stock, acquired from Liberty
IFE, Inc. This aggregate amount represents approximately 51.9% of the
outstanding shares of Class B Common Stock, assuming full conversion of the
Class A and Class C Common Stock into Class B Common Stock.
(2) Fox Television Stations, Inc. ("Fox Television") owns 49.5% of the
outstanding common stock of FKWW, representing 49.95% of the voting power of
FKWW. Of the remaining shares of outstanding common stock of FKWW, Haim Saban
and entities which he controls own 49.5% , representing 49.95% of the voting
power of FKWW, and Allen & Company Incorporated owns 1.0%, representing 0.1% of
the voting power of FKWW. Twentieth Holdings Corporation ("Twentieth Holdings")
owns 100% of the outstanding common stock of Fox Television. The News
Corporation Limited indirectly owns 100% of the outstanding common stock of
Twentieth Holdings. K. Rupert Murdoch holds voting preferred shares of Twentieth
Holdings representing 76% of the voting power of Twentieth Holdings.
(3) On September 4, 1997, Fox Kids Merger Corporation ("Merger Sub"), a Delaware
corporation and wholly owned subsidiary of FKWW, merged with and into IFE, 
pursuant to the terms and conditions of the Agreement and Plan of Merger by and 
among FKWW, Merger Sub and IFE, dated as of June 11, 1997 (the "Merger 
Agreement"). As a result of the merger, IFE, as the surviving corporation in the
merger, became a wholly-owned subsidiary of FKWW, and each issued and 
outstanding share of Class B Common Stock of IFE outstanding immediately prior 
to the merger, was converted into the right to receive $35 in cash.





**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.
<PAGE>
 
                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

FORM 4                                                      OMB APPROVAL
                                                   -----------------------------
[X] Check this box if no longer                    OMB NUMBER:  3235-0287
    subject to Section 16. Form 4                  Expires:  September 30, 1998
    or Form 5 obligations may                      Estimated average burden
    continue. SEE Instruction 1(b).                hours per response ...... 0.5
                                                   -----------------------------

                 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


1. Name and Address of Reporting Person*

Twentieth Holdings Corporation
- --------------------------------------------------------------------------------
  (Last)                             (First)                         (Middle)

10201 West Pico Boulevard
- --------------------------------------------------------------------------------
                                    (Street)

Los Angeles                          California                       90035
- --------------------------------------------------------------------------------
  (City)                             (State)                          (Zip)

- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol

International Family Entertainment ("IFE")
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)

- --------------------------------------------------------------------------------
4. Statement for Month/Year

August/September 1997
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original   (Month/Year)

- --------------------------------------------------------------------------------
6. Relationship of Reporting Person to Issuer
       (Check all applicable)

                  Director                    X    10% Owner
           -----                           ------ 

                  Officer (give                    Other (Specify
           -----           title below)    ------         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> 
<CAPTION> 
                         Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security          2. Trans-   3. Trans-      4. Securities Acquired (A)    5. Amount of    6. Ownership  7. Nature
   (Instr. 3)                    action      action         or Disposed of (D)            Securities      Form:         of Indirect 
                                 Date        Code                                         Beneficially    Direct        Beneficial
                                            (Instr. 8)      (Instr. 3,4 and 5)            Owned at       (D) or         Ownership
                                (Month/   ------------   --------------------------       End of Month    Indirect     (Instr. 4)
                                 Day/      Code    V      Amount   (A) or    Price       (Instr. 3       (I)      
                                 Year)                             (D)                     and 4)        (Instr. 4)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
<S>                           <C>         <C>     <C>  <C>         <C>    <C>           <C>            <C>           <C> 
Class B Common Stock,                                  25,263,659                                                    By Fox Kids
 par value $.01 per share       8/1/97       P                (1)    A    $35 per share     25,263,659     (I)       Worldwide, 
                                                                                                                     Inc. (2)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
Class B Common Stock,                                   23,444,118                                                   By Fox Kids 
par value $.01 per share        9/4/97    J(3)     V       (3)       A    $35 per share     48,707,777     (I)       Worldwide,
                                                                                                                       Inc. (2)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
</TABLE> 
<PAGE>
 
FORM 4 (continued)   

<TABLE> 
<CAPTION> 

                          Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned 
                                  (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security  2. Conversion    3. Transaction  4. Transacation   5. Number of Derivative      6. Date Exercisable
  (Instr. 3)                        or Exercise      Date            Code              Securities Acquired (A)      and Expiration 
                                    Price of        (Month/Day/      (Instr. 8)        or Disposed of (D)           Date
                                    Derivative       Year)                            (Instr. 3, 4, and 5)         (Month/Day/
                                    Security                                                                        Year)
                                                                  ---------------   --------------------------   -------------------
                                                                    Code      V         (A)        (D)            Date    Expiration
                                                                                                                  Exer-   Date 
                                                                                                                  cisable  
- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
<S>                              <C>              <C>             <C>       <C>     <C>             <C>          <C>      <C> 

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
</TABLE> 


<TABLE> 
<CAPTION> 
7. Title and Amount of    8. Price of Derivative  9. Number of Derivative     10. Ownership Form           11. Nature of Indirect 
   Underlying Securities     Security (Instr. 5)     Securities Beneficially      of Derivative Security:      Beneficial Ownership 
  (Instr. 3 and 4)                                   Owned at End of Month        Direct (D) or                (Instr. 4) 
                                                     Instr. 4)                    Indirect (I) (Instr. 4)      
- ------------------------  
  Title      Amount or  
             Number of
             Shares
- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 
<S>                       <C>                     <C>                         <C>                          <C> 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 
Explanation of Responses:

                                                            TWENTIETH HOLDINGS CORPORATION                                       
                                                                                                                                 
                                                             /s/ Jay Itzkowitz                                     9/9/97        
                                                            Name: Jay Itzkowitz                                     Date         
                                                            Title: Senior Vice President                                         
                                                                                                                                 
                                                            **Signature of Reporting Person                                       
</TABLE> 
(1) Represents shares purchased by Fox Kids Worldwide, Inc. ("FKWW") pursuant to
    stock purchase agreements and a contribution and exchange agreement, each
    dated as of June 11, 1997, consisting of (i) 3,891,121 shares of Class B
    Common Stock purchased from The Christian Broadcasting Network, Inc.; (ii)
    4,214,325 shares of Class B Common Stock purchased from Regent University;
    (iii) 5,000,000 shares of Class A Common Stock in the form of Class B Common
    Stock issuable upon conversion thereof and 2,481,981 shares of Class B
    Common Stock purchased from M.G. "Pat" Robertson and Tim Robertson and
    trusts controlled by them; and (iv) 7,088,732 shares of Class C Common Stock
    and $23 million principal amount of 6% Convertible Secured Notes due 2004
    which are convertible into 2,587,500 shares of Class C Common Stock, with
    each share of Class C Common Stock convertible into an equal number of
    shares of Class B Common Stock, acquired from Liberty IFE, Inc. This
    aggregate amount represents approximately 51.9% of the outstanding shares of
    Class B Common Stock, assuming full conversion of the Class A and Class C
    Common Stock into Class B Common Stock.
(2) Fox Television Stations, Inc. ("Fox Television") owns 49.5% of the
    outstanding common stock of FKWW, representing 49.95% of the voting power of
    FKWW. Of the remaining shares of outstanding common stock of FKWW, Haim
    Saban and entities which he controls own 49.5% , representing 49.95% of the
    voting power of FKWW, and Allen & Company Incorporated owns 1.0%,
    representing 0.1% of the voting power of FKWW. Twentieth Holdings
    Corporation ("Twentieth Holdings") owns 100% of the outstanding common stock
    of Fox Television. The News Corporation Limited indirectly owns 100% of the
    outstanding common stock of Twentieth Holdings. K. Rupert Murdoch holds
    voting preferred shares of Twentieth Holdings representing 76% of the voting
    power of Twentieth Holdings.
(3) On September 4, 1997, Fox Kids Merger Corporation ("Merger Sub"), a Delaware
    corporation and wholly owned subsidiary of FKWW, merged with and into IFE,
    pursuant to the terms and conditions of the Agreement and Plan of Merger by
    and among FKWW, Merger Sub and IFE, dated as of June 11, 1997 (the "Merger
    Agreement"). As a result of the merger, IFE, as the surviving corporation in
    the merger, became a wholly-owned subsidiary of FKWW, and each issued and
    outstanding share of Class B Common Stock of IFE outstanding immediately
    prior to the merger, was converted into the right to receive $35 in cash.





**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.
<PAGE>

                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

FORM 4                                                      OMB APPROVAL
                                                   -----------------------------
[X] Check this box if no longer                    OMB NUMBER:  3235-0287
    subject to Section 16. Form 4                  Expires:  September 30, 1998
    or Form 5 obligations may                      Estimated average burden
    continue. SEE Instruction 1(b).                hours per response ...... 0.5
                                                   -----------------------------

                 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


1. Name and Address of Reporting Person*

Fox Television Stations, Inc.
- --------------------------------------------------------------------------------
  (Last)                             (First)                         (Middle)

1999 South Bundy Drive
- --------------------------------------------------------------------------------
                                    (Street)

Los Angeles                     California                      90066
- --------------------------------------------------------------------------------
  (City)                             (State)                          (Zip)

- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol

International Family Entertainment ("IFE")
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)

- --------------------------------------------------------------------------------
4. Statement for Month/Year

August/September 1997
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original   (Month/Year)

- --------------------------------------------------------------------------------
6. Relationship of Reporting Person to Issuer
       (Check all applicable)

                  Director                   X      10% Owner
           -----                           ------ 

                  Officer (give                    Other (Specify
           -----           title below)    ------         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> 
<CAPTION> 
                         Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security          2. Trans-   3. Trans-      4. Securities Acquired (A)    5. Amount of    6. Ownership  7. Nature
   (Instr. 3)                    action      action         or Disposed of (D)            Securities      Form:         of Indirect 
                                 Date        Code                                         Beneficially    Direct        Beneficial
                                            (Instr. 8)      (Instr. 3,4 and 5)            Owned at       (D) or         Ownership
                                (Month/   ------------   --------------------------       End of Month    Indirect     (Instr. 4)
                                 Day/      Code    V      Amount   (A) or    Price       (Instr. 3       (I)      
                                 Year)                             (D)                     and 4)        (Instr. 4)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
<S>                           <C>         <C>     <C>   <C>        <C>       <C>        <C>            <C>           <C> 
Class B Common Stock, par       8/1/97      P           25,263,659   A       $35 per      25,263,659      (I)         By Fox Kids
value $.01 per share                                            (1)          share                                    Worldwide,
                                                                                                                       Inc. (2)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
Class B Common Stock,                                   23,444,118           $35 per                                  By Fox Kids 
par value $.01 per share        9/4/97    J(3)     V       (3)       A       share        48,707,777      (I)         Worldwide,
                                                                                                                       Inc. (2)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
</TABLE> 
<PAGE>
 
FORM 4 (continued)   

<TABLE> 
<CAPTION> 

                          Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned 
                                  (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security  2. Conversion    3. Transaction  4. Transacation   5. Number of Derivative      6. Date Exercisable
  (Instr. 3)                        or Exercise      Date            Code              Securities Acquired (A)      and Expiration 
                                    Price of        (Month/Day/      (Instr. 8)        or Disposed of (D)           Date
                                    Derivative       Year)                            (Instr. 3, 4, and 5)         (Month/Day/
                                    Security                                                                        Year)
                                                                  ---------------   --------------------------   -------------------
                                                                    Code      V         (A)        (D)            Date    Expiration
                                                                                                                  Exer-   Date 
                                                                                                                  cisable  
- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
<S>                              <C>              <C>             <C>       <C>     <C>             <C>          <C>      <C> 

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
</TABLE> 


<TABLE> 
<CAPTION> 
7. Title and Amount of    8. Price of Derivative  9. Number of Derivative     10. Ownership Form           11. Nature of Indirect 
   Underlying Securities     Security (Instr. 5)     Securities Beneficially      of Derivative Security:      Beneficial Ownership 
  (Instr. 3 and 4)                                   Owned at End of Month        Direct (D) or                (Instr. 4) 
                                                     Instr. 4)                    Indirect (I) (Instr. 4)      
- ------------------------  
  Title      Amount or  
             Number of
             Shares
- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 
<S>                       <C>                     <C>                         <C>                          <C> 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 
Explanation of Responses:

                                                            FOX TELEVISION STATIONS, INC.
                                                                                                                                 
                                                             /s/ Jay Itzkowitz                                     9/9/97        
                                                            --------------------------------------        ---------------------- 
                                                            Name: Jay Itzkowitz                                     Date         
                                                            Title: Senior Vice President                                         
                                                                                                                                 
                                                            **Signature of Reporting Person                                       
</TABLE> 
(1) Represents shares purchased by Fox Kids Worldwide, Inc. ("FKWW") pursuant to
    stock purchase agreements and a contribution and exchange agreement, each
    dated as of June 11, 1997, consisting of (i) 3,891,121 shares of Class B
    Common Stock purchased from The Christian Broadcasting Network, Inc.; (ii)
    4,214,325 shares of Class B Common Stock purchased from Regent University;
    (iii) 5,000,000 shares of Class A Common Stock in the form of Class B Common
    Stock issuable upon conversion thereof and 2,481,981 shares of Class B
    Common Stock purchased from M.G. "Pat" Robertson and Tim Robertson and
    trusts controlled by them; and (iv) 7,088,732 shares of Class C Common Stock
    and $23 million principal amount of 6% Convertible Secured Notes due 2004
    which are convertible into 2,587,500 shares of Class C Common Stock, with
    each share of Class C Common Stock convertible into an equal number of
    shares of Class B Common Stock, acquired from Liberty IFE, Inc. This
    aggregate amount represents approximately 51.9% of the outstanding shares of
    Class B Common Stock, assuming full conversion of the Class A and Class C
    Common Stock into Class B Common Stock.
(2) Fox Television Stations, Inc. ("Fox Television") owns 49.5% of the
    outstanding common stock of FKWW, representing 49.95% of the voting power of
    FKWW. Of the remaining shares of outstanding common stock of FKWW, Haim
    Saban and entities which he controls own 49.5%, representing 49.95% of the
    voting power of FKWW, and Allen & Company Incorporated owns 1.0%,
    representing 0.1% of the voting power of FKWW. Twentieth Holdings
    Corporation ("Twentieth Holdings") owns 100% of the outstanding common stock
    of Fox Television. The News Corporation Limited indirectly owns 100% of the
    outstanding common stock of Twentieth Holdings. K. Rupert Murdoch holds
    voting preferred shares of Twentieth Holdings representing 76% of the voting
    power of Twentieth Holdings.
(3) On September 4, 1997, Fox Kids Merger Corporation ("Merger Sub"), a Delaware
    corporation and wholly owned subsidiary of FKWW, merged with and into IFE,
    pursuant to the terms and conditions of the Agreement and Plan of Merger by
    and among FKWW, Merger Sub and IFE, dated as of June 11, 1997 (the "Merger
    Agreement"). As a result of the merger, IFE, as the surviving corporation in
    the merger, became a wholly-owned subsidiary of FKWW, and each issued and
    outstanding share of Class B Common Stock of IFE outstanding immediately
    prior to the merger, was converted into the right to receive $35 in cash.





**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.

<PAGE>
 
                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

FORM 4                                                      OMB APPROVAL
                                                   -----------------------------
[X] Check this box if no longer                    OMB NUMBER:  3235-0287
    subject to Section 16. Form 4                  Expires:  September 30, 1998
    or Form 5 obligations may                      Estimated average burden
    continue. SEE Instruction 1(b).                hours per response ...... 0.5
                                                   -----------------------------

                 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


1. Name and Address of Reporting Person*

Fox Kids Worldwide, Inc.
- --------------------------------------------------------------------------------
  (Last)                             (First)                         (Middle)

10960 Wilshire Boulevard
- --------------------------------------------------------------------------------
                                    (Street)

Los Angeles                        California                        90024
- --------------------------------------------------------------------------------
  (City)                             (State)                          (Zip)

- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol

International Family Entertainment ("IFE")
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)

- --------------------------------------------------------------------------------
4. Statement for Month/Year

August/September 1997
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original   (Month/Year)

- --------------------------------------------------------------------------------
6. Relationship of Reporting Person to Issuer
       (Check all applicable)

                  Director                   X     10% Owner
           -----                           ------ 

                  Officer (give                    Other (Specify
           -----           title below)    ------         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> 
<CAPTION> 
                         Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security          2. Trans-   3. Trans-      4. Securities Acquired (A)    5. Amount of    6. Ownership  7. Nature
   (Instr. 3)                    action      action         or Disposed of (D)            Securities      Form:         of Indirect 
                                 Date        Code                                         Beneficially    Direct        Beneficial
                                            (Instr. 8)      (Instr. 3,4 and 5)            Owned at       (D) or         Ownership
                                (Month/   ------------   --------------------------       End of Month    Indirect     (Instr. 4)
                                 Day/      Code    V      Amount   (A) or    Price       (Instr. 3       (I)      
                                 Year)                             (D)                     and 4)        (Instr. 4)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
<S>                           <C>         <C>     <C>    <C>       <C>       <C>        <C>            <C>           <C> 
Class B Common Stock,           8/1/97      P           25,263,659   A      $35 per       25,263,659        (D)
par value $.01 per share                                       (1)           share
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
Class B Common Stock,                                   23,444,118          $35 per                                  
par value $.01 per share        9/4/97    J(2)     V       (2)       A      share         48,707,777        (D)      
                                                                                                                     
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
</TABLE> 
<PAGE>
 
FORM 4 (continued)   

<TABLE> 
<CAPTION> 

                          Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned 
                                  (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security  2. Conversion    3. Transaction  4. Transacation   5. Number of Derivative      6. Date Exercisable
  (Instr. 3)                        or Exercise      Date            Code              Securities Acquired (A)      and Expiration 
                                    Price of        (Month/Day/      (Instr. 8)        or Disposed of (D)           Date
                                    Derivative       Year)                            (Instr. 3, 4, and 5)         (Month/Day/
                                    Security                                                                        Year)
                                                                  ---------------   --------------------------   -------------------
                                                                    Code      V         (A)        (D)            Date    Expiration
                                                                                                                  Exer-   Date 
                                                                                                                  cisable  
- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
<S>                              <C>              <C>             <C>       <C>     <C>             <C>          <C>      <C> 

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
</TABLE> 


<TABLE> 
<CAPTION> 
7. Title and Amount of    8. Price of Derivative  9. Number of Derivative     10. Ownership Form           11. Nature of Indirect 
   Underlying Securities     Security (Instr. 5)     Securities Beneficially      of Derivative Security:      Beneficial Ownership 
  (Instr. 3 and 4)                                   Owned at End of Month        Direct (D) or                (Instr. 4) 
                                                     Instr. 4)                    Indirect (I) (Instr. 4)      
- ------------------------  
  Title      Amount or  
             Number of
             Shares
- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 
<S>                       <C>                     <C>                         <C>                          <C> 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 
Explanation of Responses:

                                                            FOX KIDS WORLDWIDE, INC.

                                                                /s/ Haim Saban                  9/9/97
                                                            Name: Haim Saban                    Date
                                                            Title: Chief Executive Officer
                                                                                                                                 
                                                            **Signature of Reporting Person                                       
</TABLE> 

(1) Represents shares purchased by Fox Kids Worldwide, Inc. ("FKWW") pursuant to
    stock purchase agreements and a contribution and exchange agreement, each
    dated as of June 11, 1997, consisting of (i) 3,891,121 shares of Class B
    Common Stock purchased from The Christian Broadcasting Network, Inc.; (ii)
    4,214,325 shares of Class B Common Stock purchased from Regent University;
    (iii) 5,000,000 shares of Class A Common Stock in the form of Class B Common
    Stock issuable upon conversion thereof and 2,481,981 shares of Class B
    Common Stock purchased from M.G. "Pat" Robertson and Tim Robertson and
    trusts controlled by them; and (iv) 7,088,732 shares of Class C Common Stock
    and $23 million principal amount of 6% Convertible Secured Notes due 2004
    which are convertible into 2,587,500 shares of Class C Common Stock, with
    each share of Class C Common Stock convertible into an equal number of
    shares of Class B Common Stock, acquired from Liberty IFE, Inc. This
    aggregate amount represents approximately 51.9% of the outstanding shares of
    Class B Common Stock, assuming full conversion of the Class A and Class C
    Common Stock into Class B Common Stock.
(2) On September 4, 1997, Fox Kids Merger Corporation ("Merger Sub"), a Delaware
    corporation and wholly owned subsidiary of FKWW, merged with and into IFE,
    pursuant to the terms and conditions of the Agreement and Plan of Merger by
    and among FKWW, Merger Sub and IFE, dated as of June 11, 1997 (the "Merger
    Agreement"). As a result of the merger, IFE, as the surviving corporation in
    the merger, became a wholly-owned subsidiary of FKWW, and each issued and
    outstanding share of Class B Common Stock of IFE outstanding immediately
    prior to the merger, was converted into the right to receive $35 in cash.




  **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.


                                                                          Page 2
<PAGE>
 
 
 
                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

FORM 4                                                      OMB APPROVAL
                                                   -----------------------------
[X] Check this box if no longer                    OMB NUMBER:  3235-0287
    subject to Section 16. Form 4                  Expires:  September 30, 1998
    or Form 5 obligations may                      Estimated average burden
    continue. SEE Instruction 1(b).                hours per response ...... 0.5
                                                   -----------------------------

                 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


1. Name and Address of Reporting Person*

Haim Saban
- --------------------------------------------------------------------------------
  (Last)                             (First)                         (Middle)

10960 Wilshire Boulevard
- --------------------------------------------------------------------------------
                                    (Street)

Los Angeles                        California                     90024
- --------------------------------------------------------------------------------
  (City)                             (State)                          (Zip)

- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol

International Family Entertainment ("IFE")
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)

- --------------------------------------------------------------------------------
4. Statement for Month/Year

August/September 1997
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original   (Month/Year)

- --------------------------------------------------------------------------------
6. Relationship of Reporting Person to Issuer
       (Check all applicable)

                  Director                    X    10% Owner
           -----                           ------ 

                  Officer (give                    Other (Specify
           -----           title below)    ------         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> 
<CAPTION> 
                         Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security          2. Trans-   3. Trans-      4. Securities Acquired (A)    5. Amount of    6. Ownership  7. Nature
   (Instr. 3)                    action      action         or Disposed of (D)            Securities      Form:         of Indirect 
                                 Date        Code                                         Beneficially    Direct        Beneficial
                                            (Instr. 8)      (Instr. 3,4 and 5)            Owned at       (D) or         Ownership
                                (Month/   ------------   --------------------------       End of Month    Indirect     (Instr. 4)
                                 Day/      Code    V      Amount   (A) or    Price       (Instr. 3       (I)      
                                 Year)                             (D)                     and 4)        (Instr. 4)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
<S>                           <C>         <C>     <C>    <C>       <C>    <C>           <C>            <C>           <C> 
Class B Common Stock,                                                                                                By Fox Kids
par value $.01 per share        8/1/97       P         25,263,659     A   $35 per share     25,263,659      (I)      Worldwide, Inc.
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
Class B Common Stock,                                   23,444,118                                                   By Fox Kids 
par value $.01 per share        9/4/97    J(3)     V       (3)        A   $35 per share     48,707,777      (I)      Worldwide,
                                                                                                                       Inc. (2)
- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 

- --------------------------    ----------  ------  ----   --------  ------    ------     -------------- ------------  ------------- 
</TABLE> 
<PAGE>
 
FORM 4 (continued)   

<TABLE> 
<CAPTION> 

                          Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned 
                                  (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security  2. Conversion    3. Transaction  4. Transacation   5. Number of Derivative      6. Date Exercisable
  (Instr. 3)                        or Exercise      Date            Code              Securities Acquired (A)      and Expiration 
                                    Price of        (Month/Day/      (Instr. 8)        or Disposed of (D)           Date
                                    Derivative       Year)                            (Instr. 3, 4, and 5)         (Month/Day/
                                    Security                                                                        Year)
                                                                  ---------------   --------------------------   -------------------
                                                                    Code      V         (A)        (D)            Date    Expiration
                                                                                                                  Exer-   Date 
                                                                                                                  cisable  
- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
<S>                              <C>              <C>             <C>       <C>     <C>             <C>          <C>      <C> 

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------

- -------------------------------  --------------   --------------  --------  -----   --------------- ----------   -------- ----------
</TABLE> 


<TABLE> 
<CAPTION> 
7. Title and Amount of    8. Price of Derivative  9. Number of Derivative     10. Ownership Form           11. Nature of Indirect 
   Underlying Securities     Security (Instr. 5)     Securities Beneficially      of Derivative Security:      Beneficial Ownership 
  (Instr. 3 and 4)                                   Owned at End of Month        Direct (D) or                (Instr. 4) 
                                                     Instr. 4)                    Indirect (I) (Instr. 4)      
- ------------------------  
  Title      Amount or  
             Number of
             Shares
- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 
<S>                       <C>                     <C>                         <C>                          <C> 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 

- ------------------------  ----------------------  --------------------------  ---------------------------  ------------------------ 
Explanation of Responses:
  

                                                                                     /s/ Haim Saban                         9/9/97
                                                                                        **Signature of Reporting Person         Date
</TABLE> 

**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 


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