FOXA is currently trading down about 1.1% midday Friday.
The companies will be asked to merge by Sumner Redstone's National Amusements, the controlling shareholder of both companies, Reuters reported. Shares in both stocks rose on the report.
Viewership of the Clinton-Trump debate broke the record set back in 1980 between Ronald Reagan and Jimmy Carter.
On the 56th anniversary of the Kennedy-Nixon debate, a showdown between Hillary Clinton and Donald Trump shows fissures in the system
This week Doug Kass blogged on current market conditions and why Disney is more optimistic about China and sports programming than most investors are.