New York (CNN Business) Former Speaker of the House Paul Ryan is joining the board of the newly slimmed-down Fox Corporation, the parent company of Fox News. Ryan and three other board of directors were appointed on Tuesday. Appointing these directors was a necessary step as the Murdoch family wraps up the Disney-Fox deal. Ryan and Rupert Murdoch have been friendly for many years. ET on WednesdayThe parts of Fox that aren't being acquired by Disney are forming a new company, simply called Fox, that will be run by Rupert Murdoch's son Lachlan Murdoch.

Source: CNN March 19, 2019 13:54 UTC