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Today brings us a valuable lesson in how to read carefully. Variety reports that Peter Rice, the current 21st Century Fox president who will be a television executive at Disney, told Fox employees at a town hall meeting that Fox will be “logistically ready” to close the Disney-Fox deal on January 1, 2019.

This has people saying and, even worse, reporting that the Disney-Fox deal will close on January 1, 2019. That is not at all what Rice said. As Variety points out in the same article, Rice also reiterated that the deal is on track to close in the first half of 2019. Fox’s readiness for the transition has nothing to do with the regulatory matters that are still pending.

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