Law Suit Filed on Behalf of All Fox Entertainment Group Shareholders

The following statement was issued today by the law firm of Schiffrin & Barroway, LLP:

Notice is hereby given that a class action lawsuit, challenging the
fairness of the recent merger proposal made by the News Corporation
(NYSE: NWS) ("News Corp."), was filed in the Court of Chancery in the State of
Delaware on behalf of all who held shares of Fox Entertainment Group, Inc.
(NYSE: FOX) ("Fox" or the "Company").

The complaint alleges that on January 10, 2005, Fox announced that News
Corp., which owns approximately 82% of Fox's outstanding stock, had made a
proposal to acquire all of the Company's common stock that it does not already
own in exchange for 1.90 shares of News Corp's Class A shares (the "Buyout" or
"Buyout Proposal"). According to the complaint, the consideration offered in
the Buyout is wholly inadequate and fails to offer fair value to the Company's
shareholders for their equity interests in Fox. In fact, the Buyout offers a
mere 7% premium over Fox's closing stock price on January 7, 2005, the last
trading date prior to the announcement. Further, the complaint also alleges
that defendants have breached their duty of loyalty to the Company's
stockholders by abusing their control of Fox to force Plaintiff and the Class
to exchange their equity interest in Fox at an unfair price.

If you wish to discuss this action or have any questions concerning this
notice or your rights or interests with respect to these matters, please
contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Darren J. Check,
Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at
info@sbclasslaw.com.

Plaintiff seeks to recover damages on behalf of class members and is
represented by the law firm of Schiffrin & Barroway, which prosecutes class
actions in both state and federal courts throughout the country. Schiffrin &
Barroway is a driving force behind corporate governance reform, and has
recovered in excess of a billion dollars on behalf of institutional and high
net worth individual investors. For more information about Schiffrin &
Barroway, or to sign up to participate in this action online, please visit
http://www.sbclasslaw.com

CONTACT: Schiffrin & Barroway, LLP
Marc A. Topaz, Esq.
Darren J. Check, Esq.
Three Bala Plaza East, Suite 400
Bala Cynwyd, PA 19004
1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at info@sbclasslaw.com