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FOX Family Channel is an American basic cable channel owned by Walt Disney Television, a unit of Disney Media Networks, a segment of The Walt Disney Company. In 1997, after International Family Entertainment put The Family Channel up for sale, News Corporation made an offer to acquire the channel. The company aimed to turn The Family Channel into a competitor to children's cable networks such as Cartoon Network and Nickelodeon, leveraging the library of Fox Kids Worldwide (which was a joint venture between Fox and Saban Entertainment). News Corp negotiated to purchase a stake in the channel, with IFE as a partner. After competing bids were submitted by Nickelodeon parent Viacom and The Walt Disney Company (parent of fellow competitor Disney Channel) to acquire IFE as a whole, News Corporation placed its own bid to buy the company for $1.8 billion. On June 11, 1997, International Family Entertainment was acquired by the Fox/Saban consortium, renamed Fox Family Worldwide, for $1.9 billion. The Family Channel was officially renamed Fox Family Channel on August 15, 1998.

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