You can watch the press conference on the FX website. (Just ignore the "UFC" in the URL, it's a surprise!) We'll be updating this post, and you can also follow Mike Fagan on Twitter.
Sports Business Daily broke the story on Tuesday, indicating that the UFC and Fox had agreed on a broadcast deal worth $90M/year for either seven or eight years. Fox will broadcast up to four UFC events annually, and all current Spike TV and Versus programming will move over to cable channels FX and Fuel TV.