
Fox Broadcasting is owned by Fox Corporation (NASDAQ: FOXA, FOX), a publicly traded American media company formed in March 2019 following the sale of 21st Century Fox's entertainment assets to The Walt Disney Company. Fox Broadcasting operates as the broadcast television network division within Fox Corporation's Television segment. Fox Corporation is headquartered in New York City and is controlled by the Murdoch family through a dual-class share structure.
Parent Company
Fox Corporation
Founded
1986
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Fox Broadcasting | Fox Corporation | Brand division |
Fox Broadcasting's origins trace to 1985, when Rupert Murdoch's News Corporation acquired the Metromedia television station group for approximately $1.55 billion. The Metromedia acquisition gave News Corporation a portfolio of independent television stations in major U.S. markets including New York, Los Angeles, Chicago, and Dallas, providing the distribution infrastructure necessary to launch a fourth broadcast network.
Fox Broadcasting Company was formally launched in October 1986, initially offering a limited programming schedule on Sunday nights. The network's early programming was deliberately unconventional, targeting younger audiences that the established networks had underserved. The launch represented the first successful challenge to the ABC, CBS, NBC oligopoly since the DuMont Network ceased operations in 1956.
The network's early breakout success came with The Tracey Ullman Show (1987) and Married... with Children (1987), both of which attracted younger viewers and demonstrated that a fourth network could compete for advertising revenue. The Simpsons, which premiered in December 1989, became Fox Broadcasting's most significant long-running franchise and remains in production as of 2025, making it the longest-running American animated series and primetime scripted television series in history.
Fox Broadcasting expanded its programming schedule throughout the late 1980s and early 1990s, adding weeknight programming and competing directly with the established networks across all major dayparts. The network's strategy of targeting younger, urban demographics with edgier programming differentiated it from the more broadly targeted content of ABC, CBS, and NBC.
The most important event in Fox Broadcasting's history was the acquisition of NFL broadcast rights in December 1993. News Corporation paid approximately $1.58 billion for a four-year deal to broadcast NFC games, outbidding CBS and ending that network's 38-year relationship with the NFL. The NFL rights acquisition gave Fox Broadcasting immediate credibility as a major network and drove significant affiliate recruitment, as CBS affiliates across the country switched to Fox to carry NFL games. The deal fundamentally reshaped the U.S. television landscape and established sports broadcasting as central to Fox Broadcasting's competitive strategy.
Throughout the 1990s, Fox Broadcasting developed a portfolio of successful primetime series including Beverly Hills, 90210, Melrose Place, The X-Files, and Party of Five. The network also acquired rights to Major League Baseball and NASCAR, further strengthening its sports programming portfolio. By the mid-1990s, Fox Broadcasting had established itself as a genuine fourth major network with competitive ratings in key demographics.
The 2000s brought continued programming success with American Idol (launched 2002), which became the most-watched program on American television for multiple consecutive seasons and generated substantial advertising revenue. House M.D., 24, Prison Break, and Family Guy were among the decade's other significant Fox Broadcasting franchises.
In 2013, News Corporation split into two separate publicly traded companies: 21st Century Fox (entertainment and media assets) and News Corp (publishing assets). Fox Broadcasting became part of 21st Century Fox under this structure.
The next major corporate transformation came in December 2017, when 21st Century Fox agreed to sell the majority of its entertainment assets to The Walt Disney Company for approximately $71.3 billion. The assets sold to Disney included 20th Century Fox film and television studios, FX Networks, National Geographic, and international properties. Critically, Fox Broadcasting, Fox News, Fox Business, Fox Sports, and the owned-and-operated television stations were retained and became the core of the new Fox Corporation, which was formally established in March 2019.
Under Fox Corporation, Fox Broadcasting has continued to prioritize live sports and event programming as its primary competitive differentiator against streaming services. The network secured a new NFL rights deal in 2021 as part of a broader multi-network agreement, with Fox paying approximately $2.1 billion per year for NFC Sunday afternoon games through 2033. Fox Broadcasting aired Super Bowl LVII in February 2023 and Super Bowl LIX in February 2025, with the 2025 broadcast drawing approximately 127.7 million viewers, a record for a Fox-broadcast Super Bowl.
What does Fox Corporation own?
Fox Corporation owns Fox News Channel, Fox Business Network, the Fox broadcast network, Fox Sports (FS1/FS2), Tubi, Fox Television Stations (28 local stations), and Fox Weather. The company does not own the 20th Century Fox film studio or FX Networks, which were sold to Disney in 2019.
Is Fox Corporation publicly traded?
Yes. Fox Corporation trades on NASDAQ under ticker symbols FOXA (Class A shares, one vote per share) and FOX (Class B shares). The Murdoch family maintains voting control through the Murdoch Family Trust, which holds approximately 39% of voting power.
What is Fox Corporation's annual revenue?
Fox Corporation reported FY2025 (ended June 30, 2025) revenue of $14.92 billion and adjusted EBITDA of $3.71 billion. Revenue is generated through cable network programming (Fox News, Fox Business, FS1/FS2) and television (Fox broadcast network, local stations, Tubi).
Who runs Fox Corporation?
Lachlan Murdoch serves as Executive Chairman and CEO of Fox Corporation. He assumed the role from his father Rupert Murdoch, who retired in September 2023 after more than six decades leading the family's media empire.
What was the Dominion settlement?
In April 2023, Fox Corporation settled a defamation lawsuit filed by Dominion Voting Systems for $787.5 million. Dominion alleged that Fox News knowingly broadcast false claims about Dominion's voting machines following the 2020 presidential election. The settlement was one of the largest defamation settlements in U.S. media history.
What is Tubi?
Tubi is a free ad-supported streaming television (FAST) service acquired by Fox Corporation in 2020 for approximately $440 million. Tubi offers over 200,000 movies and TV episodes at no cost to viewers, generating revenue through advertising. It is the largest FAST service in the United States by viewing hours, with annual revenue exceeding $1 billion.
Fox Broadcasting operates within Fox Corporation's corporate responsibility framework. Fox Corporation has set goals to reduce Scope 1 and 2 emissions and reports environmental data in its annual CSR reports. The company's 2024 Corporate Social Responsibility Report covers the fiscal year ending June 30, 2024, and includes Scope 1, Scope 2, and Scope 3 greenhouse gas emissions data verified by independent third parties.
Fox Broadcasting implements energy-efficient technologies in its studio facilities and broadcast operations. The network has transitioned to digital broadcasting and energy-efficient studio lighting to reduce power consumption. Fox Corporation's broader sustainability strategy covers environmental impact across media production and distribution.
Fox Corporation has not been certified as a B Corporation. The company has not obtained independent environmental certifications for its broadcasting operations. The sustainabilityFlags frontmatter field is empty because no independently verified certifications from the allowed list have been confirmed for the brand. Fox Corporation's sustainability commitments are self-reported in its CSR reports.
Fox Broadcasting and its parent company have received recognition for sports broadcasting and programming. Notable awards include:
Sports Emmy Awards: Fox Sports, which operates alongside Fox Broadcasting within Fox Corporation, won seven Sports Emmy Awards in 2025, including honors for MLB postseason studio show coverage and the historic MLB at Rickwood Field broadcast. These awards recognize outstanding achievement in sports television coverage.
Super Bowl Viewership Records: Super Bowl LIX, broadcast on Fox in February 2025, drew approximately 127.7 million viewers across Fox's broadcast and streaming platforms. This was a record for a Fox-broadcast Super Bowl and one of the most-watched television events in U.S. history.
Primetime Emmy Awards: Fox Broadcasting programs, particularly The Simpsons, have received Primetime Emmy Awards over the network's history. The Simpsons is the longest-running American animated series and primetime scripted television series in history, having premiered in December 1989.
Fox Broadcasting has faced several controversies throughout its history, primarily related to its association with Fox News Channel, workplace culture issues at Fox Corporation, and the structural challenges facing broadcast television.
Dominion Voting Systems Defamation Settlement (2023): Fox Corporation, including Fox Broadcasting's parent company, settled a defamation lawsuit with Dominion Voting Systems for $787.5 million in April 2023. The lawsuit arose from Fox News Channel's coverage of the 2020 presidential election. While the lawsuit targeted Fox News rather than Fox Broadcasting, the settlement affected the entire Fox Corporation entity.
Smartmatic Defamation Lawsuit (Ongoing): Fox Corporation faces a $2.7 billion defamation lawsuit from Smartmatic USA Corp over similar election fraud claims. In January 2025, the New York State Supreme Court ruled that Fox Corporation must face the claim. This ongoing legal challenge creates continued financial and reputational risk for Fox Corporation and its properties.
Workplace Culture Issues at Fox Corporation: Fox Broadcasting has been indirectly affected by workplace culture controversies at Fox News Channel, including allegations of harassment and discrimination that led to the departure of Roger Ailes in 2016 and Bill O'Reilly in 2017. These issues impacted the broader Fox Corporation brand and required corporate-wide reforms.
Retransmission Consent Disputes: Fox Broadcasting has faced periodic carriage disputes with pay-TV distributors over retransmission consent fees. These disputes have temporarily removed the network from cable and satellite systems in various markets, creating uncertainty for viewers.
Sports Rights Cost Pressures: Fox Broadcasting's heavy reliance on NFL broadcast rights creates financial pressure as sports rights costs escalate. The network's NFL rights through 2033, costing approximately $2.1 billion per year, represent both its greatest competitive advantage and its most significant expense.
Competition from Streaming Services: Fox Broadcasting faces intense competition from Netflix, Disney+, Peacock, Paramount+, and Amazon Prime Video, which have captured audience share from traditional broadcast television. Fox Corporation does not operate a subscription streaming service comparable to its competitors.
Political Polarization and Brand Perception: Fox Broadcasting's association with Fox News Channel and the political polarization of American media has created brand perception challenges that can affect audience loyalty and advertiser relationships.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Disney | CA (West Coast) | 1943 | Mass market | United states | All-ages | |
| Paramount Global | USA | 1980 | Mass market | United states | All-ages | |
| Warner Bros Discovery | USA | 1972 | Premium | Global | All Genders |
Media EntertainmentOwned by The Walt Disney Company
Major American broadcast television network with a rich history in news, entertainment, and sports programming, serving as a cornerstone of Disney Entertainment Television within The Walt Disney Company.
Media EntertainmentOwned by Paramount Skydance Corporation
American cable television network focused on African American culture, entertainment, music, and programming for Black audiences.
Media EntertainmentOwned by Warner Bros. Discovery
American premium cable television network founded in 1972 by Charles Dolan, owned by Warner Bros Discovery and known for acclaimed original series.
Market Positioning: Fox Broadcasting competes with 3 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Multiplayer social deduction game developed by InnerSloth, released in 2018, in which players work together to complete tasks while identifying impostors.
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Media EntertainmentOwned by Sony Music Entertainment
American record label founded in 1974 by Clive Davis, now owned by Sony Music Entertainment, specializing in pop and R&B music.
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Media EntertainmentOwned by BET (Black Entertainment Television)
Premium streaming service offering exclusive original series, movies, and specials from BET's content library, focusing on African American entertainment and culture.
BET+ is privately owned, unlike Fox Broadcasting which is under a publicly traded parent company.
Media EntertainmentOwned by Spark Networks
Faith-based online dating platform founded in 2001, owned by Spark Networks Services GmbH. The platform serves Christian singles seeking relationships grounded in shared religious values.
Christian Mingle is privately owned, unlike Fox Broadcasting which is under a publicly traded parent company.
Media EntertainmentOwned by Epic Games
Free-to-play battle royale, creative sandbox, and live-service video game developed and published by Epic Games, with over 650 million registered accounts globally.
Fortnite is privately owned, unlike Fox Broadcasting which is under a publicly traded parent company.
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