"When it was all said and done Friday, the list of the world's largest media conglomerates, based on market cap, looked like this: News Corp. was first at $67.79 billion, followed by Time Warner ($67.32 billion), Disney ($65.62 billion), Sony ($45.29 billion), Viacom ($26.98 billion) and CBS ($21.11 billion)."

Which is a boring/financy way of saying News Corp. has officially passed Time Warner as the most valuable media company in the world. And that those Wonderbra-wearing wunderkinds over at Fox Business Network are, presumably, here to stay.

[Hollywood Reporter]