Shares in 21st Century Fox were almost 5% lower on Friday after the company announced plans to delist from the Australian Securities Exchange.
AAP reports shareholders will vote on the proposal at a special meeting in March or April.
At the close of trade, Fox voting shares were down by $A1.77, or 4.65%, to $A36.31. Non-voting stock was off $A1.25, or 3.23%, at $A37.39. AAP reprots nine million shares changed hands.
The company split from News Corp six months ago. It is currently dual-listed on the ASX and the Nasdaq in New York.
In November, 21st Century Fox said net income fell 44% to $US1.255 billion for the three months to September 30, versus $US2.23 billion a year ago.
The company is due to release its second quarter financial results for fiscal 2014 next month.
