As part of the integration planning for its pending acquisition of Twenty-First Century Fox, Inc, The Walt Disney Company announced plans for a new organizational structure for its Media Networks segment, conditional upon closing of the 21st Century Fox transaction. Under the new structure, several 21st Century Fox executives would assume leadership roles at the Disney business segment once the acquisition closes, as 21st Century Fox's businesses are incorporated into Disney. Mr. Rice will become Chairman, Walt Disney Television and Co-Chair, Disney Media Networks, reporting directly to Mr. Iger. The new organization under Mr. Rice will include ABC Television Network, ABC Studios, the ABC Owned Television Stations Group, Disney Channels, Freeform, Twentieth Century Fox Television, FX Networks and FX Productions, Fox 21 Television Studios, and the National Geographic channels. Mr. Rice's appointment will take effect upon completion of the acquisition. Mr. Rice is currently President of 21st Century Fox and Chairman and Chief Executive Officer of Fox Networks Group. Reporting to Mr. Rice will be: Dana Walden, Chairman, Disney Television Studios and ABC Entertainment, John Landgraf, Chairman of FX Networks and FX Productions, Gary E. Knell, Chairman of National Geographic Partners, Gary Marsh, President and Chief Creative Officer, Disney Channels Worldwide and James Goldston, President, ABC News. Ms. Walden's portfolio will include Twentieth Century Fox Television and Fox 21 Television Studios, as well as ABC Entertainment, ABC Studios, Freeform and the ABC Owned Television Stations Group. Ms. Walden is currently Chairman and Chief Executive Officer of Fox Television Group. Reporting to Ms. Walden will be: Channing Dungey, President, ABC Entertainment, Patrick Moran, President, ABC Studios, Jonathan Davis and Howard Kurtzman, Presidents of Twentieth Century Fox Television, Bert Salke, President, Fox 21 Television Studios, Tom Ascheim, President, Freeform and Wendy McMahon, President, ABC Owned Television Stations Group. Ben Sherwood, Co-Chair, Disney Media Networks and President, Disney|ABC Television Group, will remain in his current role during the transition period until the acquisition closes.