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Less than two weeks after CNBC reported that the Walt Disney Company approached 21st Century Fox about an acquisition of its entertainment assets, Verizon and Comcast are both expressing interest, according to reports from The Wall Street Journal.

Why it matters: Some media experts believe that the CNBC story was used a signal from Fox executives to potential buyers that it was interested dumping its entertainment assets to focus on its global news and sports properties. Both Comcast and Verizon have made major investments in content companies in an effort to scale their digital audiences, primarily through video on mobile.

Go deeper: The Fox acquisition would be noteworthy given its size ($50 billion + market cap) and given the regulatory environment a deal would be met with. The DOJ's antitrust division is currently weighing a lawsuit against AT&T's acquisition of Time Warner, and AT&T may take the issue to court.

  • Comcast owns NBC Universal, and its entertainment assets, and is an investor in several other content companies, like Buzzfeed, Vox and Axios.
  • Verizon acquired Oath earlier this year, which includes media properties like AOL, HuffPo, Yahoo and more. Oath CEO Tim Armstrong has been vocal about how the merger would give the company the scale in user data it would need to take on Google and Facebook's advertising business.

Fox Chief Executive James Murdoch brushed off any rumors that Fox was concerned about not having the scale to compete with other entertainment brands on last week's earnings call to investors. "We recognize there'll be challenges to navigate the shifting digital landscape; however, we believe the unique strength and scale of these franchises make the next few years a period of great opportunity," Mudroch said. Still, an entertainment business is tough to sustain in an era where on-demand entertainment viewing is dominated by streaming services, particularly Netflix.

Go deeper

New York AG alleges "significant evidence" of Trump Organization fraud

Combination images of former President Trump and New York State Attorney General Letitia James. Photo: Al Drago/Bloomberg via Getty Images; Scott Heins/Getty Images

New York's attorney general filed a motion Tuesday seeking to compel former President Trump and two of his children, Donald Trump, Jr. and Ivanka Trump, to appear for sworn testimony in her office's civil investigation into the Trump Organization's financial dealings.

Why it matters: Attorney General Letitia James revealed new details in the court filing and a statement on her office's investigation into the Trump Organization's business practices, including a preliminary finding alleging the company used "fraudulent and misleading asset valuations to obtain economic benefits."

2 hours ago - Technology

Ex-N.Y. Post digital chief files lawsuit alleging sexual harassment

Richard B. Levine) (Photo by Richard Levine/Corbis via Getty Images

Former New York Post editor Michelle Gotthelf is suing her former employer, its parent company News Corp. and two editors, alleging she was reprimanded after complaining to senior executives that she was sexually harassed by retired N.Y. Post editor-in-chief Col Allan. The N.Y. Post issued a statement denying any wrongdoing.

Why it matters: "I felt that I owed it to myself and I owed it to the news organization and the people who answered to me," Gotthelf, who was a long time editor at the N.Y. Post, told Axios in an interview.

Updated 2 hours ago - Economy & Business

Airlines warn of flight cancellations amid 5G rollout concerns

Emirates SkyCargo airline Boeing 777F aircraft. Photo: Nicolas Economou/NurPhoto via Getty Images

Emirates and Delta airlines announced Tuesday that the planned rollout of 5G services at certain American airports could affect flights.

Driving the news: AT&T and Verizon announced earlier Tuesday that they would delay this week's scheduled rollout of 5G signals near a limited number of airports due to continued concerns from the aviation industry.