Disney has announced the highly-anticipated new leadership structure for its new Media Networks segment that will be formed upon the completed acquisition of 21st Century Fox's entertainment assets.

Why it matters: The new company will be a mega-entertainment company that seeks to unseat Netflix's dominance in streaming. It will include all of ABC, Disney, FX, Freeform, National Geographic and more.

The new team: Former 21st Century Fox president Peter Rice will become Chairman of Walt Disney Television and Co-Chair, Disney Media Networks. He will report directly to Disney Chairman Bob Iger.

  • Former Fox Television Group chairman Dana Walden will assume the new role of Chairman, Disney Television Studios and ABC Entertainment.
  • John Landgraf will serve as Chairman of FX Networks and FX Productions, under the Disney umbrella. He was formally CEO of both brands.
  • Gary E. Knell will serve as Chairman of National Geographic Partners. He was formally CEO of National Geographic.
  • Walden, Landgraf, Knell, as well as Gary Marsh (President and Chief Creative Officer, Disney Channels Worldwide) and James Goldston (President, ABC News) will report to Rice.

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Dan Primack, author of Pro Rata
2 mins ago - Politics & Policy

TikTok beats Trump in court, ban won't take effect

Illustration: Sarah Grillo/Axios

A federal court judge on Sunday granted TikTok's request for a temporary restraining order against a ban by the Trump administration, according to CNBC.

Why it matters: American will be able to continue downloading one of the country's most popular social media and entertainment apps. At least for now.

Go deeper: WH pushes to uphold TikTok ban

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 32,949,407 — Total deaths: 995,658 — Total recoveries: 22,787,799Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 7,107,673 — Total deaths: 204,738 — Total recoveries: 2,750,459 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week — New York daily cases top 1,000 for first time since June.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

NYT: Trump paid $750 in federal income taxes in 2016 and 2017

Photo: Chip Somodevilla/Getty Images

The New York Times has obtained more than two decades' worth of tax-return data from Trump and the companies that make up his business, writing in an explosive report that the documents "tell a story fundamentally different from the one [the president] has sold to the American public."

Why it matters: The Times' bombshell report, published less than seven weeks before the presidential election, lays bare much of the financial information Trump has long sought to keep secret — including allegations that he paid $750 in federal income taxes in 2016 and 2017, and has over $300 million in personal debt obligations coming due in the next four years.