Good evening. Here’s the latest.

1. “Are we retreating? Absolutely not. We are pivoting at a pivotal moment.”

That was Rupert Murdoch after the Walt Disney Company reached a $52 billion deal to buy most of 21st Century Fox, the media conglomerate he controls.

If approved by regulators, the sale would give Disney the muscle to battle Netflix, Apple, Amazon and Facebook in the fast-growing realm of online video. Here’s what Disney gets in the deal.