Document:

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                                                                   Exhibit 10.39

THE INDEBTEDNESS EVIDENCED BY THIS INSTRUMENT IS SUBORDINATED TO THE PRIOR
PAYMENT IN FULL IN CASH OF ALL OF THE SENIOR INDEBTEDNESS (AS DEFINED BELOW)
PURSUANT TO THE TERMS OF THIS SUBORDINATED NOTE AND TO THE EXTENT PROVIDED
HEREIN.

                               SUBORDINATED NOTE

                                                       Dated: September 27, 1999

          FOR VALUE RECEIVED, the undersigned FOX FAMILY WORLDWIDE, INC.
(formerly known as Fox Kids Worldwide, Inc.), a Delaware corporation ("Fox
Family"), HEREBY PROMISES TO PAY TO THE ORDER OF FOX BROADCASTING COMPANY, a
Delaware corporation, or its permitted registered assigns (the "Subordinated
Lender"), the principal amount of FIFTEEN MILLION DOLLARS ($15,000,000.00) on
September 27, 2009. Interest shall accrue on the principal amount outstanding
from time to time under this Subordinated Note, from and including the date of
issuance hereof until such principal amount is paid in full, at a rate per annum
(computed on the basis of a 365/366-day year) equal to 20%. Accrued and unpaid
interest shall be added automatically to the principal amount outstanding under
this Subordinated Note on each September 30, December 31, March 31 and June 30,
commencing December 31, 1999, and shall become a part thereof unless, at any
time, Fox Family elects to pay all or a portion of such interest in cash and is
permitted to make such payment in cash under Section 8(d)(i)(D) of Fox Kids
Guarantee dated October 28, 1997 made by Fox Family in favor of the Secured
Parties referred to in the Credit Agreement (as hereinafter defined) and under
Sections 10.8 and 10.9 of the Indentures (as hereinafter defined). Capitalized
terms not otherwise defined in this Subordinated Note shall have the same
meanings as specified therefor in the Credit Agreement.

          Both principal and interest are payable in lawful money of the United
States of America to the Subordinated Lender, at its offices at 10201 West Pico
Boulevard, Los Angeles, CA 90035 (or at such other location as shall be
designated by the Subordinated Lender in a written notice to Fox Family and the
Senior Representative (as hereinafter defined)), in same day funds. The loan
made by the Subordinated Lender to Fox Family hereunder, and all payments and
prepayments made on account of principal hereof, shall be recorded by the
Subordinated Lender and, prior to any transfer hereof, endorsed on the grid
attached hereto that is part of this Subordinated Note; provided that the
failure of the Subordinated Lender to make any such recordation or endorsement
shall not affect the obligations of Fox Family under this Subordinated Note.

          Subject to the provisions of the Credit Agreement, the Fox Kids
Guarantee and the Indentures, the principal amount outstanding under this
Subordinated Note may, at the option of Fox Family, be prepaid at any time, in
whole or in part, without penalty or premium.

          The aggregate principal amount owing to the Subordinated Lender from
time to time under this Subordinated Note, all accrued and unpaid interest
thereon, and any other indebtedness evidenced by or otherwise owing in respect
of this Subordinated Note (collectively, the "Subordinated
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Indebtedness") is and shall be subordinate and junior in right of payment and
otherwise, to the extent and in the manner hereinafter set forth, to the prior
payment in full of all of the Senior Indebtedness (as hereinafter defined),
whether now or hereafter existing. For all purposes of this Subordinated Note,
the following terms shall have the following meanings (such meanings to be
equally applicable to both the singular and the plural forms of the terms
defined):

          (a)  "Administrative Agent" means Citicorp USA, Inc., as the
     administrative agent and the collateral agent for the Senior Lenders and
     the other Secured Parties, together with any successor thereto appointed
     pursuant to Article VIII of the Credit Agreement.

          (b)  "Credit Agreement" means the Second Amended and Restated Credit
     Agreement dated as of October 28, 1997 among FCN Holding, Inc.,
     International Family Entertainment, Inc. and Saban Entertainment, Inc., as
     the Borrowers thereunder, Fox Kids Holdings, LLC, as a guarantor
     thereunder, the Senior Lenders, Citicorp Securities, Inc., Chase
     Securities, Inc. and BankBoston, N.A., as the Co-Arrangers for the
     Facilities referred to therein, and the Administrative Agent, as amended,
     and as such agreement may be amended, supplemented or otherwise modified
     from time to time.

          (c)  "Indentures" means, collectively, (a) the Indenture dated as of
     October 28, 1997 between Fox Family and The Bank of New York, as Trustee,
     relating to the 9-1/4% Senior Notes due 2007, and the Indenture dated as of
     October 28, 1997 between Fox Family and The Bank of New York, as Trustee,
     relating to the 10-1/4% Senior Discount Notes due 2007, in each case as
     such agreement may be amended, supplemented or otherwise modified from time
     to time.

          (d)  "Senior Creditors" means, collectively, the Senior Secured
     Creditors, the Senior Notes Creditors and the other holders, if any, of any
     of the Senior Indebtedness.

          (e)  "Senior Indebtedness" means, collectively, the Senior Secured
     Indebtedness and the Senior Notes Indebtedness.

          (f)  "Senior Lenders" means the banks, financial institutions and
     other institutional lenders from time to time party to the Credit
     Agreement.

          (g)  "Senior Notes" means, collectively, the 9-1/4% Senior Notes due
     2007 and the 10-1/4% Senior Discount Notes due 2007 issued under the
     Indentures, in each case as amended, supplemented or otherwise modified
     from time to time.

          (h)  "Senior Notes Creditors" means, collectively, the trustees under
     each of the Indentures and the holders from time to time of Senior Notes
     Indebtedness.

          (i)  "Senior Notes Indebtedness" means (i) all Obligations of Fox
     Family, whether now or hereafter existing, under or in respect of the
     Indentures and the Senior Notes, whether direct or indirect, absolute or
     contingent, and whether for principal, interest (including, without
     limitation, interest accruing after the filing of a petition initiating any
     Insolvency Proceeding (as

                                       2
<PAGE>

     hereinafter defined), whether or not such interest accrues after the filing
     of such petition for purposes of any applicable Insolvency Laws (as
     hereinafter defined), or is an allowed claim in such Insolvency
     Proceeding), premium, fees, indemnification payments, contract causes of
     action, costs, expenses or otherwise and (ii) any and all extensions,
     modifications, substitutions, amendments, renewals, refinancings,
     replacements and refundings of any or all of the Obligations referred to in
     clause (i) of this definition, and any instrument or agreement evidencing
     or otherwise setting forth the terms of any Indebtedness or other
     Obligations incurred in any such extension, modification, substitution,
     amendment, renewal, refinancing, replacement or refunding.

          (j)  "Senior Representative" means (i) the Administrative Agent or
     (ii) after the payment in full of all of the Senior Secured Obligations and
     the termination or expiration of all of the commitments of the Senior
     Secured Creditors in respect thereof, either of the trustees for the Senior
     Notes or the holders of a majority in aggregate principal amount of the
     outstanding Senior Notes of either issue.

          (k)  "Senior Secured Creditors" means, collectively, the
     Administrative Agent, the Senior Lenders and the other Secured Parties and
     any other holder of any of the Senior Secured Indebtedness.

          (l)  "Senior Secured Indebtedness" means (i) all Obligations of Fox
     Family, whether now or hereafter existing, under or in respect of the
     Credit Agreement, the Notes and the other Loan Documents, whether direct or
     indirect, absolute or contingent, and whether for principal, interest
     (including, without limitation, interest accruing after the filing of a
     petition initiating any Insolvency Proceeding, whether or not such interest
     accrues after the filing of such petition for purposes of any applicable
     Insolvency Laws, or is an allowed claim in such Insolvency Proceeding),
     premium, fees, indemnification payments, contract causes of action, costs,
     expenses or otherwise and (ii) any and all extensions, modifications,
     substitutions, amendments, renewals, refinancings, replacements and
     refundings of any or all of the Obligations referred to in clause (i) of
     this definition, and any instrument or agreement evidencing or otherwise
     setting forth the terms of any Indebtedness or other Obligations incurred
     in any such extension, modification, substitution, amendment, renewal,
     refinancing, replacement or refunding.

Furthermore, for all purposes of this Subordinated Note, the Senior Indebtedness
shall not be deemed to have been paid in full until the latest of (A) the
payment in full in cash of all of the Senior Indebtedness and the expiration or
termination of all of the commitments of the Secured Parties and the other
holders thereof, (B) the expiration or termination of all of the Bank Hedge
Agreements and (C) the Termination Date.

          In the event of any dissolution, winding up, liquidation, arrangement,
reorganization, adjustment, protection, relief or composition of Fox Family or
its debts, whether voluntary or involuntary, in any bankruptcy, insolvency,
arrangement, reorganization, receivership, relief or other similar action or
proceeding under the United States Federal Bankruptcy Code or any other federal
or state bankruptcy or insolvency laws or any similar Requirements of Law of any
other jurisdiction

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<PAGE>

covering the protection of creditors' rights or the relief of debtors
(collectively, the "Insolvency Laws"), or upon an assignment for the benefit of
creditors or any other marshalling of the property, assets and liabilities of
Fox Family or otherwise (each, an "Insolvency Proceeding"), the Senior Creditors
shall be entitled to receive payment in full of all of the Senior Indebtedness
before the Subordinated Lender is entitled to receive any payment or
distribution of any kind or character on account of all or any of the
Subordinated Indebtedness, and, to that end, any payment or distribution of any
kind or character (whether in cash, property or securities) that otherwise would
be payable or deliverable upon or with respect to the Subordinated Indebtedness
in any such Insolvency Proceeding (including, without limitation, any payment
that may be payable by reason of any other Indebtedness of Fox Family being
subordinated to payment of the Subordinated Indebtedness) shall be paid or
delivered forthwith directly to the Senior Representative, for the ratable
account of the Senior Secured Creditors and the Senior Notes Creditors, in the
same form as so received (with any necessary endorsement or assignment), for
application (in the case of cash) to, or to be held as collateral (in the case
of noncash property or securities) for, the payment or prepayment of the Senior
Indebtedness until all of the Senior Indebtedness shall have been paid in full.

          No payment or distribution of any property or assets of Fox Family of
any kind or character (including, without limitation, any payment that may be
payable by reason of any other Indebtedness of Fox Family being subordinated to
payment of the Subordinated Indebtedness) shall be made by or on behalf of Fox
Family for or on account of any Subordinated Indebtedness, unless and until all
of the Senior Indebtedness shall have been paid in full or unless such payment
is expressly permitted to be made under Section 8(d)(i)(D) of the Fox Kids
Guarantee and Sections 10.8 and 10.9 of the Indentures. Furthermore, so long as
the Senior Indebtedness shall not have been paid in full, the Subordinated
Lender shall not (a) ask, demand, sue for, take or receive from Fox Family,
directly or indirectly, in cash or other property or by setoff or in any manner
(including, without limitation, from or by way of collateral), payment of all or
any of the Subordinated Indebtedness, except to the extent that such payment is
expressly permitted to be made under Section 8(d)(i)(D) of the Fox Kids
Guarantee and Sections 10.8 and 10.9 of the Indentures, (b) commence, or join
with any creditor other than the Senior Representative in commencing, or
directly or indirectly cause Fox Family to commence, or assist Fox Family in
commencing, any Insolvency Proceeding, or (c) request or accept any collateral
or other security for the Subordinated Indebtedness. If the Subordinated Lender,
in contravention hereof, shall commence, prosecute or participate in any
Insolvency Proceeding, then the Senior Representative may intervene and
interpose as a defense or plea the terms of this Subordinated Note in its own
name or in the name of the Subordinated Lender.

          Until such time as all of the Senior Indebtedness has been paid in
full, if any Insolvency Proceeding is commenced by or against Fox Family:

          (a) the Senior Representative is hereby irrevocably authorized and
     empowered (in its own name or in the name of the Subordinated Lender or
     otherwise), but shall have no obligation, to demand, sue for, collect and
     receive every payment or distribution otherwise payable to the Subordinated
     Lender in respect of this Subordinated Note and give acquittance therefor,
     and to file claims and proofs of claim and take such other actions
     (including, without limitation, voting the Subordinated Indebtedness or
     enforcing any security interest or other lien securing payment of the
     Subordinated Indebtedness) as it may deem necessary or advisable for

                                       4
<PAGE>

     the exercise or enforcement of any of the rights or interests of the Senior
     Representative or any of the other Senior Creditors under this Subordinated
     Note; and

          (b)  the Subordinated Lender shall duly and promptly take such action
     as the Senior Representative may reasonably request (i) to collect the
     Subordinated Indebtedness for the account of the Senior Representative, for
     the ratable benefit of the Senior Secured Creditors and the Senior Notes
     Creditors, and to file appropriate claims or proofs of claim in respect of
     the Subordinated Indebtedness, (ii) to execute and deliver to the Senior
     Representative such powers of attorney, assignments or other instruments as
     the Senior Representative may reasonably request in order to enable the
     Senior Representative to enforce any and all claims with respect to, and
     any security interests and other liens securing payment of, the
     Subordinated Indebtedness and (iii) to collect and receive any and all
     payments or distributions that may be payable or deliverable upon or with
     respect to the Subordinated Indebtedness.

          All payments or distributions upon or with respect to the Subordinated
Indebtedness that are received by the Subordinated Lender contrary to the
provisions of this Subordinated Note shall be received in trust for the benefit
of the Senior Representative and the Senior Creditors, shall be segregated from
other property or funds of the Subordinated Lender and shall be paid or
delivered forthwith directly to the Senior Representative, for the account of
the Senior Secured Creditors and the Senior Notes Creditors, in the same form as
so received (with any necessary endorsement or assignment), to be applied (in
the case of cash) to, or held as collateral (in the case of noncash property or
securities) for, the payment or prepayment of the Senior Indebtedness until all
of the Senior Indebtedness shall have been paid in full.

          To the extent that Fox Family, the Subordinated Lender or any of their
respective Subsidiaries or any other guarantor of or provider of collateral for
the Senior Indebtedness shall make any payment on the Senior Indebtedness that
is subsequently invalidated, declared to be fraudulent or preferential or set
aside or is required to be-repaid to a trustee, receiver or any other party
under any applicable Insolvency Law or equitable cause (any such payment being a
"Voided Payment"), then to the extent of such Voided Payment, that portion of
the Senior Indebtedness that had been previously satisfied by such Voided
Payment shall be reinstated and continue in full force and effect as if such
Voided Payment had never been made.  To the extent that the Subordinated Lender
shall have received any payments subsequent to the date of the initial receipt
of such Voided Payment by the Senior Representative or any of the other Senior
Creditors and such payments have not been invalidated, declared to be fraudulent
or preferential or set aside or required to be repaid to a trustee, receiver or
any other party under any applicable Insolvency Law or equitable cause, the
Subordinated Lender shall be obligated and hereby agrees that any such payment
so made or received shall be deemed to have been received in trust for the
benefit of the Senior Representative and the other Senior Creditors, and the
Subordinated Lender hereby agrees to pay to the Senior Representative, upon
demand, the full amount so received by the Subordinated Lender during such
period of time to the extent necessary to fully restore to the Senior
Representative and the other Senior Creditors the amount of such Voided Payment,
which amount shall be applied as set forth in the immediately preceding
paragraph.

          The Senior Representative is hereby authorized to demand specific
performance of the subordination provisions of this Subordinated Note, whether
or not Fox Family shall have complied

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with any of the provisions hereof applicable to it, at any time when the
Subordinated Lender shall have failed to comply with any of the subordination
provisions of this Subordinated Note. The Subordinated Lender hereby irrevocably
waives any defense based on the adequacy of a remedy at law which might be
asserted as a bar to such remedy of specific performance.

          The Subordinated Lender will not:

          (a)  (i) Cancel or otherwise discharge any of the Subordinated
     Indebtedness (except upon payment in full of all of the Senior Indebtedness
     or, at any time and from time to time prior thereto, to the extent that
     such payment is expressly permitted to be made under Section 8(d)(i)(D) of
     the Fox Kids Guarantee and under Sections 10.8 and 10.9 of the Indentures),
     (ii) convert or exchange any of the Subordinated Indebtedness into or for
     any other Indebtedness (except to the extent expressly permitted by the
     Indentures), (iii) convert or exchange any of the Subordinated Indebtedness
     into or for any Equity Interest in Fox Family or otherwise (except to the
     extent expressly permitted by the Indentures) or (iv) subordinate any of
     the Subordinated Indebtedness to any Indebtedness of Fox Family other than
     the Senior Indebtedness (except that no consent of the holders of the
     Senior Notes or either of the trustees for the Senior Notes shall be
     required to subordinate any of the Subordinated Indebtedness to any other
     Indebtedness of Fox Family (although nothing herein shall limit the
     obligation of any holder of Indebtedness of Fox Family to turn over or
     otherwise subordinate itself to any or all of the Senior Creditors in
     accordance with any subordination provisions applicable to such
     Indebtedness);

          (b)  Sell, assign, pledge, encumber or otherwise dispose of any of the
     Subordinated Indebtedness; or

          (c)  Permit the terms of any of the Subordinated Indebtedness to be
     amended, waived, supplemented or otherwise modified in such a manner as
     could have an adverse effect upon the rights or interests of the Senior
     Representative or any of the other Senior Creditors under this Subordinated
     Note, any of the Loan Documents, either of the Indentures or any of the
     other agreements, instruments or other documents evidencing or otherwise
     setting forth the terms of any of the Senior Indebtedness.

          No payment or distribution to the Senior Representative or any of the
other Senior Creditors pursuant to the provisions of this Subordinated Note
shall entitle the Subordinated Lender to exercise any rights of subrogation in
respect thereof, nor shall the Subordinated Lender have any right of
reimbursement, restitution, exoneration, contribution or indemnification
whatsoever from any property or assets of Fox Family or any of the other
guarantors, sureties or providers of collateral security for the Senior
Indebtedness, or any right to participate in any claim or remedy of the Senior
Representative or any of the other Senior Creditors against Fox Family or any of
the Collateral, whether or not such claim, remedy or right arises in equity or
under contract, statute or common law (including, without limitation, the right
to take or receive from Fox Family, directly or indirectly, in cash or other
property or by setoff or in any other manner, payment or security on account of
such claim, remedy or right), until (i) all of the Senior Indebtedness shall
have been paid in full and all of the commitments of the Secured Parties and the
other holders thereof shall have expired or been

                                       6
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terminated, (ii) all of the Bank Hedge Agreements shall have expired or been
terminated and (iii) the Termination Date shall have occurred.

          The holders of the Senior Indebtedness may, at any time and from time
to time, without any Consent of or notice to the Subordinated Lender or any
other holder of the Subordinated Indebtedness and without impairing or releasing
the obligations of the Subordinated Lender hereunder:

          (a)  change the manner, place or terms of payment of, or change or
     extend the time of payment of, or renew payment or change or extend the
     time or payment of, or renew or alter, the Senior Indebtedness (including
     any change in the rate of interest thereon), or amend, supplement or
     otherwise modify in any manner any instrument, agreement or other document
     under which any of the Senior Indebtedness is outstanding;

          (b)  sell, exchange, release, not perfect and otherwise deal with any
     of the property or assets of any Person at any time pledged, assigned or
     mortgaged to secure the Senior Indebtedness;

          (c)  release any Person liable in any manner under or in respect of
     the Senior Indebtedness;

          (d)  exercise or refrain from exercising any rights against Fox
     Family, any of the other Loan Parties or any of their respective
     Subsidiaries or any other Person;

          (e)  apply to the Senior Indebtedness any sums from time to time
     received by or on behalf of the Senior Representative or any of the other
     Senior Creditors; and

          (f)  sell, assign, transfer or exchange any of the Senior
     Indebtedness.

          Each of Fox Family and the Subordinated Lender will, if reasonably
requested by the Senior Representative or either of the trustees for the Senior
Notes, further mark their respective books of account in such a manner as shall
be effective to give proper notice of the effect of the subordination provisions
of this Subordinated Note.  Each of Fox Family and the Subordinated Lender will,
at its sole expense and at any time and from time to time, promptly execute and
deliver all further instruments and documents, and take all further actions,
that may be necessary or that the Senior Representative or either of the
trustees for the Senior Notes may reasonably deem desirable and may request in
order to protect any right or interest granted or purported to be granted under
the subordination provisions of this Subordinated Note or to enable the Senior
Representative or any of the other Senior Creditors to exercise and enforce its
rights and remedies hereunder.

          The foregoing provisions regarding subordination are and are intended
solely for the purpose of defining the relative rights of the holders of the
Senior Indebtedness, on the one hand, and the holders of the Subordinated
Indebtedness, on the other hand.  Such provisions are for the benefit of the
holders of the Senior Indebtedness and shall inure to the benefit of, and shall
be enforceable by, the Senior Representative, on behalf of itself and the other
Senior Creditors, directly against the holders of the Subordinated Indebtedness,
and no holder of the Senior Indebtedness shall be prejudiced in its

                                       7
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right to enforce the subordination of any of the Subordinated Indebtedness by
any act or failure to act by Fox Family or any Person in custody of its property
or assets. The subordination provisions herein shall constitute a continuing
offer to each and every holder of Senior Indebtedness from time to time and such
holders are intended third party beneficiaries hereof. Nothing contained in the
foregoing provisions is intended to or shall impair, as between Fox Family and
the holders of the Subordinated Indebtedness, the obligations of Fox Family to
such holders.

          Fox Family agrees to pay, upon demand therefor, all of the reasonable
and properly documented out-of-pocket costs and expenses (including, without
limitation, reasonable fees and expenses of counsel) incurred by the Senior
Representative or any of the other Senior Creditors in enforcing the provisions
of this Subordinated Note.

          Fox Family hereby waives promptness, diligence, presentment for
payment, demand, notice of dishonor and protest and any other notice with
respect to this Subordinated Note.

          None of the rights or interests of the Subordinated Lender in this
Subordinated Note may be assigned or otherwise transferred thereby to any Person
other than a member of the TNCL Group the Saban Group without the prior written
consent of Fox Family and the Senior Representative.

          No amendment, waiver or modification of this Subordinated Note
(including, without limitation, the subordination provisions hereof), and no
consent to any departure herefrom, shall be effective unless the same shall be
in writing and signed by the Subordinated Lender and, if any such amendment,
waiver or modification of this Subordinated Note (including, without limitation,
the subordination provisions hereof) could adversely affect the rights or
interests of the Senior Representative or any of the other Senior Creditors
under or in respect of this Subordinated Note, any of the Loan Documents, either
of the Indentures or any of the other agreements, instruments or other documents
evidencing or otherwise setting forth the terms of any of the Senior
Indebtedness in any manner, signed by the Senior Representative and/or each of
the trustees for the Senior Notes, and then, in each case, such waiver,
modification or consent shall be effective only in the specific instance and for
the specific purpose for which given; provided that neither of the trustees for
the Senior Notes shall be required to consent to any such amendment, waiver or
modification that would not adversely affect the rights or interests of any of
the Senior Notes Creditors.

          No failure on the part of the Subordinated Lender or the Senior
Representative or any of the other Senior Creditors to exercise, and no delay in
exercising, any right, power or privilege hereunder shall operate as a waiver
thereof or a consent thereto; nor shall a single or partial exercise of any such
right, power or privilege preclude any other or further exercise thereof or the
exercise of any other right, power or privilege.  The remedies provided herein
are cumulative and are not exclusive of any remedies provided by applicable law.

                                       8
<PAGE>

          This Subordinated Note shall be governed by, and construed in
accordance with, the laws of the State of New York, excluding (to the fullest
extent a New York court would permit) any rule of law that would cause
application of the laws of any jurisdiction other than the State of New York.

                              FOX FAMILY WORLDWIDE, INC.,
                              a Delaware corporation

                              By /s/ Mel Woods
                                ------------------------------
                                 Name: MEL WOODS
                                 Title:  President/ COO

ACCEPTED AND AGREED TO:

FOX BROADCASTING COMPANY,
a Delaware corporation

By  /s/ Lon Jacobs
   --------------------------
  Name: LON JACOBS
  Title:

                                       9
<PAGE>

                LOAN AND PAYMENTS AND PREPAYMENTS OF PRINCIPAL

                           Amount of
           Amount of    Principal Paid     Unpaid Principal     Notation
   Date      Loan         or Prepaid           Balance           Made by
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                                       10<PAGE>

                                                                   EXHIBIT 10.14

Mr. Robert Thompson

Dear Mr. Thompson:

This Letter Agreement ("Agreement"), when executed by both you and Fox Channels
Services, LLC (the "Company"), will confirm the agreement between you and the
Company relating to your employment by the Company.  The terms of this Agreement
will become effective upon full execution and will then supersede any and all
prior agreements, whether express or implied oral or written, between you and
the Company relative to your employment with the Company.

1.   (a)  The Company hereby employs you for a period of  two years and eight
     months, commencing May 1, 2000 and ending December 31, 2002 ("the Term").

     (b)  In the event you continue in the employ of the Company after the
     end of the Term, your employment shall be solely on an at will basis.  This
     means that, after the Term, you may resign or the Company may terminate you
     with or without cause and with or without advance notice.  During any such
     period of at-will employment, you will be paid at the weekly salary rate
     for the last regular pay period hereunder.

2.   You shall perform such duties consistent with your position set forth in
Paragraph 3.(a), as are assigned to you from time to time (and agree to take
such trips both within and outside the United States as shall be determined to
be desirable).

3.   (a)  You shall serve as President, Fox Sports Cable Networks and President
     Fox Sports International and report directly to the President Fox Cable
     Networks Group.  You shall be responsible for regional rights and
     production, digital sports networks including World, Speedvision and
     Outdoor Life, and International operations.  If the Company shall be
     reorganized (by merger, dissolution or otherwise), your title and reporting
     relationship will be adjusted to give appropriate effect to the
     reorganization, it being understood that any new title and reporting
     relationship will be commensurate with the title and reporting relationship
     you have heretofore held with the Company.

     (b)  If you are elected a member of the Board of Directors or to any other
     office of the Company or any of its affiliates, you agree to serve in such
     capacity or capacities without additional compensation.

4.   You hereby accept such employment and agree to devote the time and
attention necessary to fulfill the duties of your employment hereunder.

5.   As compensation for your services, the Company will, during the term of
your employment described in Paragraph 1.(a) herein, on regular pay dates as
then in effect under applicable Company policy, pay you at the rate of:

     (a)  $700,000 per annum for the period from May 1, 2000 through April 30,
     2001; and

     (b)  $725,000 per annum for the period from May 1, 2001 through April 30,
     2002; and

     (c)  $750,000 per annum for the period from May 1, 2002 through December
     31, 2002; and

     (c)  You shall receive a car allowance in the amount of $1100 per month.
<PAGE>

     (d)  You shall be eligible to participate in the Company's bonus and stock
     option programs in the same manner as other Presidents; provided, however,
     that payment of any bonus and/or granting of any stock options and the
     amount of any such payment and or/grant shall be entirely at the discretion
     of the Company.

6.   (a)  You agree that during the term of your employment, either pursuant
     to the terms of this Agreement or on an at will basis thereafter, you will
     have no interest, directly or indirectly, in any motion picture or
     television program producing, distributing or exhibiting business, or in
     any broadcasting, cable, sports programming, or film laboratory business or
     in any related business other than the Company and its affiliates, and you
     will perform no services for any person, firm or corporation engaged in any
     such business.  The foregoing does not prohibit your ownership of less than
     one percent (1%) of the outstanding common stock of any company whose
     shares are publicly traded.

     (b)  Enclosed is a copy of the News Corporation Standards of Business
     Conduct.  You agree to abide by the provisions of this statement at all
     times during your employment by the Company.

7.   You will not during the term of your employment and for a period of
two (2) years thereafter, directly or indirectly, induce or solicit or attempt
to induce or solicit any managerial, sales or supervisory employee of the
Company or its affiliates to render services to any other person, firm or
corporation. This provision shall survive any termination of this Agreement.

8    (a)  You acknowledge that the relationship between the parties hereto is
     exclusively that of employer and employee and that the Company's
     obligations to you are exclusively contractual in nature.  The Company
     shall be the sole owner of all the fruits and proceeds of your services
     hereunder, including, but not limited to, all ideas, concepts, formats,
     suggestions, developments, arrangements, designs, packages, programs,
     promotions and other intellectual properties which you may create in
     connection with and during the term of your employment hereunder, free and
     clear of any claims by you (or anyone claiming under you) of any kind or
     character whatsoever (other than your right to compensation hereunder).
     You shall, at the request of the Company, execute such assignments,
     certificates or other instruments as the Company may from time to time deem
     necessary or desirable to evidence, establish, maintain, perfect, protect,
     enforce or defend its right, title and interest in or to any such
     properties.

     (b)  All memoranda, notes, records and other documents made or compiled by
     you, or made available to you during the term of this Agreement or
     subsequently during any at will employment period concerning the business
     of the Company or its affiliates shall be the Company's property and shall
     be delivered to the Company on the termination of this Agreement or at any
     other time on request.  You understand and agree that in the course of
     employment with the Company, you may acquire confidential information and
     trade secrets concerning the Company's operations, its future plans and its
     method of doing business and the operations, future plans and method of
     doing business of Company's affiliates, including, by the way of example,
     but by no means limited to, highly proprietary information about the
     Company's and its affiliates' customers, processes, product development,
     financial, marketing, pricing, cost, and compensation, (hereinafter
     collectively "Trade Secrets"), all of which information you understand and
     agree would be extremely damaging to the Company if disclosed to a
     competitor or made available to any other person or corporation.  As used

                                       2
<PAGE>

     herein, the term "competitor" includes, but is not limited to, any
     corporation, firm or business engaged in a business similar to that of the
     Company or its subsidiary companies.  You understand and agree that such
     information is divulged to you in confidence and you understand and agree
     that, at all times, you shall keep in confidence and will not disclose or
     communicate Trade Secrets or any other secret and confidential information
     on your own behalf, or on behalf of any competitor, if such information is
     not otherwise publicly available, unless disclosure is made pursuant to
     written approval by the Company, or is required by law.  In view of the
     nature of your employment and information and Trade Secrets which you may
     receive during the course of your employment, you likewise agree that the
     Company would be irreparably harmed by any violation of this Agreement and
     that, therefore, the Company shall be entitled to seek an injunction
     prohibiting you from any violation or threatened violation of this
     Agreement.

     (c)  The Company shall have the right to use your name, biography and
     likeness in connection with its business, including in advertising its
     products and services, and may grant this right to others, but not for use
     as a direct endorsement.

     (d)  The covenants set forth above in this Paragraph shall survive the
     termination of this Agreement.

9.   During the Term, the Company shall pay or provide to you the following
additional amounts or rights:

     (a)  You shall be eligible to participate in all employee benefit plans of
the Company to the extent available to other comparable employees of the
Company, and your eligibility to participate in such plans shall be governed by
the rules applicable to comparable employees.

     (b)  Fox/Liberty Networks, LLC has granted you certain rights to
compensation pursuant to the provision of Fox/Liberty Networks, LLC Equity
Appreciation Rights Plan for Management and Key Employees ("EAP"). It is
acknowledged that in executing this employment agreement neither you nor the
Company shall be deemed to have waived or lost any rights, claims or position
with respect to the issue of the EAP. Your employment hereunder shall count
toward the required additional time for vesting purposes.

     (c)  The Company shall reimburse you, or assume your obligation for the
cost of a reasonable apartment lease and an automobile lease in the Los Angeles
area.

10.  The services to be furnished by you hereunder and the rights and privileges
granted to the Company by you are of a special, unique, unusual, extraordinary,
and intellectual character which gives them a peculiar value, the loss of which
cannot be reasonably or adequately compensated in damages in any action at law,
and a breach by you of any of the provisions contained herein will cause the
Company irreparable injury and damage.  You expressly agree that the Company
shall be entitled to seek injunctive and other equitable relief to prevent a
breach of this Agreement by you.  Resort to such equitable relief, however,
shall not be construed as a waiver of any preceding or succeeding breach of the
same or any other term or provision.  The various rights and remedies of the
Company hereunder shall be construed to be cumulative and no one of them shall
be exclusive of any other or of any right or remedy allowed by law.

11.  In consideration of the making of this Agreement, as well as of the other
consideration stated herein, you expressly agree that any contract, agreement or
understanding between you and the Company with respect to severance or
termination pay, notice of severance or termination, or pay in lieu of notice of

                                       3
<PAGE>

severance or termination previously extended to you whether by way of contract,
letter, or Company termination or severance policy is hereby rescinded. You
further agree that if you continue in the employ of the Company after the end of
this Agreement, your employment shall be at will and shall otherwise be in
accordance with the provisions of such then existing Company policies as may
then be in effect applicable to comparable executives of the Company.

12.  This Agreement shall be governed by the laws of the State of California
applicable to contracts performed entirely therein.

13.  This Agreement shall inure to the benefit of the successors and general
assigns of the Company and to the benefit of any other corporation or entity
which is a parent, subsidiary or affiliate of the Company to which this
Agreement is assigned, and any other corporation or entity into which the
Company may be merged or with which it may be consolidated. Except as herein
provided, this Agreement shall be nonassignable.

                                              Sincerely,

                                              FOX CHANNELS SERVICES, LLC

                                              By   /s/ Gloria Dickey
                                                --------------------------------
                                                Gloria Dickey

                                              Date 6/29/2000
                                                  ------------------------------

THE FOREGOING IS AGREED TO:

  /s/ Robert Thompson
-----------------------------------
Robert Thompson

   6/29/2000
-----------------------------------
Date

                                       4

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