SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 22, 2002 (April 16, 2002)
FOX ENTERTAINMENT GROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-14595 95-4066193
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
1211 Avenue of the Americas
New York, New York 10036
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 852-7111
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Not applicable
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(Former name or former address, if changed since last report)
Item 4: Changes in Registrant's Certifying Accountant.
On April 16, 2002, Fox Entertainment Group, Inc. (the "Company") dismissed
Arthur Andersen LLP as its independent auditors. The reports of Arthur Andersen
LLP on the Company's financial statements for the fiscal years ended June 30,
2000 and June 30, 2001 did not contain an adverse opinion, disclaimer of opinion
or qualification or modification as to uncertainty, audit scope or accounting
principles. We note that the report on the financial statements for the year
ended June 30, 2001 referenced the required change in the method of accounting
for filmed entertainment costs. During the fiscal years ended June 30, 2000 and
June 30, 2001 and during the subsequent interim period, there were no
disagreements with Arthur Andersen LLP on any matters of accounting principles
or practices, financial statement disclosure or auditing scope or procedures.
During the fiscal years ended June 30, 2000 and June 30, 2001 and during the
subsequent interim period, there were no reportable events (as defined in Item
304 (a) (1) (v) of Regulation S-K).
The Company provided Arthur Andersen LLP with a copy of the disclosures it is
making herein prior to the filing of this Current Report on Form 8-K with the
Securities and Exchange Commission and requested that Arthur Andersen LLP
furnish the Company a letter addressed to the Securities and Exchange Commission
stating whether Arthur Andersen LLP agrees with the statements made by the
Company herein and, if not, stating the respects in which it does not agree.
Arthur Andersen LLP's letter, dated April 17, 2002, is attached as Exhibit 16.1
hereto and incorporated by reference.
Simultaneously with the dismissal of its former auditors, the Company engaged
Ernst & Young LLP to act as its independent auditors as successor to Arthur
Andersen LLP. During the two most recent fiscal years and subsequent interim
period, the Company has not consulted with Ernst & Young LLP regarding (i)
either the application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that might be
rendered on the Company's financial statements, or (ii) any matter that was
either the subject of disagreement on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedures or a
reportable event (as defined in Item 304 (a) (1) (v) of Regulation S-K).
The Audit Committee of the Company's Board of Directors approved the dismissal
of Arthur Andersen LLP and this action was ratified by the Company's Board of
Directors. The Audit Committee of the Company's Board of Directors
simultaneously recommended the appointment of Ernst & Young LLP as the Company's
independent auditors and this action was approved by the Company's Board of
Directors.
Item 7: Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits. The following exhibits are being filed herewith:
16.1 Letter from Arthur Andersen LLP, dated April 17, 2002, to
the Securities and Exchange Commission.
99.1 Press Release
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FOX ENTERTAINMENT GROUP, INC.
By: /s/ Lawrence A. Jacobs
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Lawrence A. Jacobs
Secretary
Dated: April 22, 2002
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INDEX TO EXHIBITS
16.1 Letter from Arthur Andersen LLP, dated April 17, 2002, to the Securities
and Exchange Commission.
99.1 Press Release
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