<SEC-DOCUMENT>0001193125-20-004711.txt : 20200401
<SEC-HEADER>0001193125-20-004711.hdr.sgml : 20200401
<ACCEPTANCE-DATETIME>20200109162033
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-20-004711
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Fox Corp
		CENTRAL INDEX KEY:			0001754301
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEVISION BROADCASTING STATIONS [4833]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1211 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		212.852.7000

	MAIL ADDRESS:	
		STREET 1:		1211 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FOX Corp
		DATE OF NAME CHANGE:	20181206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW FOX, INC.
		DATE OF NAME CHANGE:	20180926
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<TYPE>CORRESP
<SEQUENCE>1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[F<SMALL>OX</SMALL> C<SMALL>ORPORATION</SMALL> L<SMALL>ETTERHEAD</SMALL>] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">January&nbsp;9, 2020 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>VIA EDGAR </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation
Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">Re:<I></I></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Fox Corporation</I> </P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman"><I>Registration Statement on Form <FONT STYLE="white-space:nowrap">S-4</FONT> (File
<FONT STYLE="white-space:nowrap">No.&nbsp;333-235863)</FONT></I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This letter is sent on behalf of Fox Corporation (the&nbsp;&#147;Company&#148;), in connection with the above referenced Registration Statement
on Form <FONT STYLE="white-space:nowrap">S-4</FONT> (the&nbsp;&#147;Registration Statement&#148;) filed with the Securities and Exchange Commission (the&nbsp;&#147;Commission&#148;) by the Company pursuant to the Securities Act of 1933, as amended
(the &#147;Securities Act&#148;), relating to the Company&#146;s proposed offer to exchange (the &#147;Exchange Offer&#148;) up to (i) $750,000,000 aggregate principal amount of its new 3.666% Senior Notes due 2022 (the &#147;2022 Senior
Notes&#148;), (ii) $1,250,000,000 aggregate principal amount of its new 4.030% Senior Notes due 2024 (the &#147;2024 Senior Notes&#148;), (iii) $2,000,000,000 aggregate principal amount of its new 4.709% Senior Notes due 2029 (the &#147;2029 Senior
Notes&#148;), (iv) $1,250,000,000 aggregate principal amount of its new 5.476% Senior Notes due 2039 (the &#147;2039 Senior Notes&#148;) and (v) $1,550,000,000 aggregate principal amount of its new 5.576% Senior Notes due 2049 (the &#147;2049 Senior
Notes&#148;, and together with the 2022 Senior Notes, 2024 Senior Notes, 2029 Senior Notes and 2039 Senior Notes, the &#147;Exchange Notes&#148;) for a like principal amount of the applicable series of the Company&#146;s outstanding 3.666% Senior
Notes due 2022, 4.030% Senior Notes due 2024, 4.709% Senior Notes due 2029, 5.476% Senior Notes due 2039 and 5.576% Senior Notes due 2049 (the &#147;Outstanding Notes&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company is registering the Exchange Offer pursuant to the Registration Statement in reliance on the position enunciated by the staff of
the Commission (the &#147;Staff&#148;) in <I>Exxon Capital Holdings Corp.</I>, SEC <FONT STYLE="white-space:nowrap">No-action</FONT> letter available May&nbsp;13, 1988, <I>Morgan Stanley</I><I></I><I>&nbsp;&amp; Co.</I>, SEC <FONT
STYLE="white-space:nowrap">No-action</FONT> letter available June&nbsp;5, 1991, and <I>Shearman</I><I></I><I>&nbsp;&amp; Sterling</I>, SEC <FONT STYLE="white-space:nowrap">No-action</FONT> letter available July&nbsp;2, 1993. The Company has not
entered into any arrangement or understanding with any person who will receive Exchange Notes in the Exchange Offer to distribute those Exchange Notes following completion of the Exchange Offer and, to the best of the Company&#146;s information and
belief, each person participating in the Exchange Offer will be acquiring the Exchange Notes in its ordinary course of business and has no arrangement or understanding with any person to participate in the distribution of the Exchange Notes to be
received in the Exchange Offer. In this regard, the Company will make each person participating in the Exchange Offer aware (through the Exchange Offer prospectus) that any person using the Exchange Offer to participate in a distribution of the
Exchange Notes to be received in the </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Exchange Offer (1)&nbsp;cannot rely on the Staff&#146;s position enunciated in the <I>Exxon Capital </I>SEC <FONT STYLE="white-space:nowrap">No-action</FONT> letter or similar letters of the
Staff and (2)&nbsp;must comply with registration and prospectus delivery requirements of the Securities Act in connection with any secondary resale transaction and be identified as an underwriter in the prospectus. The Company acknowledges that such
a secondary resale transaction should be covered by an effective registration statement containing the selling securityholder information required by Item&nbsp;507 of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company will include in the transmittal letter or similar documentation to be executed by an Exchange Offer offeree in order to
participate in the Exchange Offer the following provision: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">If the Exchange Offer offeree is a broker-dealer holding Outstanding Notes
acquired for its own account as a result of market-making activities or other trading activities, it must acknowledge that it will deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of the Exchange
Notes received in respect of such Outstanding Notes pursuant to the Exchange Offer; however, by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an &#147;underwriter&#148; within the meaning of
the Securities Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company will also require that each participant in the Exchange Offer furnish a representation in the transmittal
letter or similar documentation that neither such participant nor, to the actual knowledge of such participant, any other person receiving Exchange Notes from such participant, has any arrangement or understanding with any person to participate in
the distribution of the Exchange Notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company will make broker-dealers participating in the Exchange Offer aware (through the
Exchange Offer prospectus) that any broker-dealer that resells Exchange Notes that were received by it for its own account pursuant to the Exchange Offer and any broker or dealer that participates in a distribution of such Exchange Notes may be
deemed to be an &#147;underwriter&#148; within the meaning of the Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Please do not hesitate to contact Robyn E. Zolman of Gibson, Dunn&nbsp;&amp; Crutcher LLP at (303)
<FONT STYLE="white-space:nowrap">298-5740</FONT> or the undersigned at (212) <FONT STYLE="white-space:nowrap">852-7000</FONT> with any questions or comments concerning this letter. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top">Sincerely,</TD></TR>
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<TD HEIGHT="16"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Viet D. Dinh</P></TD></TR>
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<TD VALIGN="top">Viet D. Dinh</TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Robyn E. Zolman, Gibson, Dunn&nbsp;&amp; Crutcher LLP </P></TD></TR></TABLE>
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