Who Owns Fox Business?
Fox Business is owned by Fox Corporation, a publicly traded American media company formed in 2019. Fox Business operates as Fox Corporation's business and financial news division. Fox Corporation trades on NASDAQ under FOXA and FOX, and is headquartered in New York City, USA.
Parent Company
Fox Corporation
Founded
2007
Status
Publicly Traded
Headquarters
New York City, New York, USA
Who Owns Fox Business?
- Parent Company: Fox Corporation
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: NASDAQ: FOXA
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Fox Business | Fox Corporation | Wholly owned |
History of Fox Business
- Founded: 2007
- Founders: News Corporation (internal development)
Fox Business was launched in 2007 by News Corporation as a cable television network dedicated to business news and financial reporting. The network was created to provide comprehensive coverage of markets, business trends, and financial analysis for business professionals and investors.
In its early years, Fox Business established itself as a business-focused cable network competing with other financial news networks. The network developed programming focused on market analysis, business interviews, and financial reporting that appealed to business and investor audiences.
When Fox Corporation was formed in 2019 as part of the split of 21st Century Fox assets, Fox Business became a key division of the new company. Fox Business continues to provide business and financial news programming, maintaining its position as a leading business news network.
About Fox Corporation
What does Fox Corporation own?
Fox Corporation owns Fox News Channel, Fox Business Network, the Fox broadcast network, Fox Sports (FS1/FS2), Tubi (free streaming service), and 28 owned-and-operated local television stations. 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?
In fiscal year 2024 (ended June 30, 2024), Fox Corporation reported revenue of approximately $14 billion, driven by Fox News Channel affiliate fees and advertising, Fox Sports NFL and other sports rights, and growing Tubi advertising revenue.
Who runs Fox Corporation?
Lachlan Murdoch serves as Executive Chairman and CEO of Fox Corporation. He assumed the Executive Chairman 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 approximately $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 service acquired by Fox Corporation in 2020 for approximately $440 million. Tubi offers more than 200,000 movies and TV episodes at no cost to viewers, generating revenue through advertising. It is the largest FAST (free ad-supported streaming television) service in the United States by viewing hours.
- Founded: 2019
- Headquarters: New York City, New York, USA
- Company Type: Publicly Traded
- Stock: NASDAQ: FOXA
Where Is Fox Business Made / Based?
- Headquarters: New York City, New York, USA
- Manufacturing / Operations: United States, Global (news broadcasting)
Brands Owned by Fox Corporation
- Fox News - American cable news network and flagship property of Fox Corporation, consistent...
- Fox Sports - American cable sports network and broadcasting division offering live sports pro...
- Tubi - Free ad-supported streaming service offering thousands of movies and TV shows ac...
Fox Business Ownership: Pros & Cons
Advantages
- +Focused business and financial news coverage
- +Strong brand recognition among business professionals and investors
- +Global distribution through Fox Corporation's established networks
- +Investment in high-quality financial reporting and analysis
- +Synergies with other Fox Corporation networks and platforms
Considerations
- -Competition from other business news networks and financial media
- -Dependency on Fox Corporation's corporate strategy and priorities
- -Changing viewing habits toward streaming and digital financial news
- -Market sensitivity to business and economic conditions
- -Balance between traditional broadcasting and digital financial content
Frequently Asked Questions About Fox Business
Where to Buy
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Fox Business on AmazonCompetitors to Fox Business
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 |
|---|---|---|---|---|---|---|
| Comcast | USA | 1980 | Mass Market | North America | Male | |
| Paramount Global | USA | 1927 | Mass Market | North America | Male | |
| Nine Entertainment | Australia | 1956 | Mass Market | Global | Male | |
| Comcast | USA | 1989 | Mass Market | North America | All Genders | |
| Comcast | USA | 1926 | Mass Market | North America | All Genders | |
| Comcast | USA | 1977 | Mass Market | North America | Male |
Learn More About Competitors
Bravo
Owned by Comcast Corporation
American cable television network owned by Comcast Corporation's NBCUniversal division, specializing in lifestyle, reality, and entertainment programming.
CBS
Owned by Paramount Global
American commercial broadcast television network and flagship property of Paramount Global's CBS Entertainment Group.
Channel 9
Owned by Nine Entertainment
Australian free-to-air television network providing news, sports, entertainment, and drama programming across Australia through broadcast television and digital platforms.
CNBC
Owned by Comcast Corporation
American cable business and financial news network owned by Comcast Corporation's NBCUniversal division, providing business news and financial analysis.
NBC
Owned by Comcast Corporation
American commercial broadcast television network and flagship property of Comcast Corporation's NBCUniversal division.
USA Network
Owned by Comcast Corporation
American cable television network owned by Comcast Corporation's NBCUniversal division, specializing in drama, action, and entertainment programming.
Competitive Analysis
Market Positioning: Fox Business competes with 6 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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