UFC President Dana White and UFC Chairman/CEO Lorenzo Fertitta talk with AOL reporter Ariel Helwani immediately following Thursday’s press conference in L.A. announcing the partnership between FOX Sports Media Group and the Ultimate Fighting Championship.

White insists this is the biggest news in the history of the promotion and explains why they chose to sign with FOX as opposed to other networks who were also interested in working with the UFC.

Fertitta talks about why the relationship with UFC and Spike TV is coming to an end and says he expects Spike to work with another MMA promotion such as Bellator, Pro Elite or possibly even Shark Fights. He also says they welcome the competition and reveals that Spike can run UFC taped programming throughout 2012.

Dana White explains why UFC chose to sign with FOX

Lorenzo Fertitta expects Spike TV to remain in MMA business

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