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: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NASDAQ: FOXA
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Fox Business | Fox Corporation | Brand division |
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.
- Founded: 2019
- Headquarters: New York City, New York, USA
- Company Type: Publicly Traded
- Stock: NASDAQ: FOXA
- Revenue: approximately $14.7 billion (FY2025)
- Employees: Approximately 9,000
Where Is Fox Business Made / Based?
- Headquarters: New York City, New York, USA
- Manufacturing / Operations: United States, Global (news broadcasting)
Fox Business Sustainability & Ethics
Fox Business operates within Fox Corporation's comprehensive corporate responsibility framework, which includes environmental sustainability initiatives, ethical journalism standards, and social responsibility programs focused on reducing the environmental impact of broadcasting operations while maintaining journalistic integrity and corporate accountability.
Environmental Sustainability and Broadcasting Operations: Fox Business participates in Fox Corporation's group-wide environmental initiatives, including efforts to reduce energy consumption across broadcasting facilities and transition to more sustainable operational practices. The network has implemented energy-efficient studio lighting and equipment upgrades at its New York headquarters and major broadcast centers. Fox Corporation has established goals for reducing carbon emissions across its media properties, though specific targets for Fox Business operations are integrated into the broader corporate environmental strategy rather than being separately reported.
Digital Transformation and Sustainable Media: Fox Business has embraced digital broadcasting technologies that reduce the environmental footprint of traditional satellite and terrestrial transmission systems. The network's digital-first approach to content delivery, including streaming platforms and online distribution, has significantly reduced the energy consumption associated with legacy broadcasting infrastructure. Fox Business's mobile applications and digital platforms are designed with energy efficiency considerations, contributing to reduced overall environmental impact compared to traditional broadcasting methods.
Ethical Journalism Standards and Corporate Governance: Fox Business maintains editorial standards and ethical guidelines that govern its business news reporting and financial journalism practices. The network operates under Fox Corporation's Standards of Business Conduct, which include comprehensive anti-bribery and anti-corruption policies that apply across all business operations. Fox Business has established protocols for ensuring accuracy in financial reporting, disclosure of potential conflicts of interest, and maintaining independence in business news coverage.
Political Activities and Transparency: Fox Corporation publishes annual Political Activities Reports that detail political contributions and lobbying activities, providing transparency about the company's engagement with political processes. These reports are publicly available and updated regularly, allowing stakeholders to review Fox Corporation's political activities and their relationship to Fox Business's editorial coverage. The network maintains separation between its news operations and corporate political activities, though this separation has been subject to scrutiny and debate.
Human Rights and Workplace Practices: Fox Business operates under Fox Corporation's Human Rights Statement, which commits to respecting human rights across its operations and supply chain. The network has implemented policies preventing harassment, discrimination, and retaliation in the workplace, with established procedures for addressing employee concerns. Fox Business participates in Fox Corporation's diversity and inclusion initiatives, though specific workforce diversity data for the business network is not separately reported from broader corporate statistics.
Supply Chain and Vendor Ethics: Fox Business works with vendors and suppliers who adhere to Fox Corporation's ethical sourcing standards and responsible business practices. The network's procurement policies emphasize environmental responsibility and ethical business conduct among suppliers, particularly for technology equipment and broadcasting infrastructure. Fox Corporation has established guidelines for responsible sourcing that apply across all its media properties, including Fox Business.
Community Engagement and Social Responsibility: Fox Business provides educational content and financial literacy programming that serves the public interest, particularly in business and economic education. The network's business news coverage often includes segments on personal finance, small business success stories, and economic education that aligns with its social responsibility mission. Fox Business participates in community outreach programs and partnerships with business organizations that promote financial literacy and economic education.
Awards & Recognition
Fox Business has achieved significant recognition within the business news industry for its viewership growth, programming excellence, and competitive performance against established business networks, marking a historic shift in the business television landscape.
Nielsen Ratings Achievement (2025): Fox Business Network achieved a historic milestone in 2025 by becoming the first business network to lead CNBC across all key viewership metrics. According to Nielsen Media Research, FBN secured double-digit wins in business day viewers (226,000 with a 19% lead), market hours viewers (220,000 with a 13% lead), and total day viewers (139,000 with a 16% lead). This comprehensive victory marked the first time in network history that Fox Business outperformed CNBC across all major time periods, representing a significant shift in business news viewership preferences.
Top Programming Rankings (2025): Fox Business's flagship programs "Kudlow" and "Varney & Co." achieved the distinction of being the top two business news programs for 2025, marking the network's fourth consecutive year with both top positions. This sustained programming excellence demonstrates Fox Business's ability to attract and retain audiences seeking business news and financial analysis. The consistent performance of these programs has been instrumental in driving the network's overall viewership growth and competitive advantage.
FOX News Media Spotlight Awards (2024-2025): Fox Business team members have been recognized through the annual FOX News Media Spotlight Awards, which honor employees who demonstrate exceptional performance and go beyond expectations in their roles. These internal awards highlight individual achievements in business journalism, production excellence, and contributions to the network's success. The recognition program, announced by FOX News Media CEO Suzanne Scott and President & Executive Editor Jay Wallace, receives hundreds of nominations annually, reflecting the high level of talent and dedication within the Fox Business organization.
Business Journalism Industry Recognition: Fox Business has gained recognition within the business journalism community for its comprehensive market coverage, CEO interviews, and financial analysis programming. The network's ability to secure interviews with top CEOs, financial experts, and key Washington officials has been noted as a distinguishing factor in its competitive success. Industry observers have credited Fox Business's editorial team with providing in-depth business coverage that appeals to professional audiences and investors seeking reliable financial news and market analysis.
Competitive Achievement Against Established Networks: Fox Business's victory over CNBC in 2025 represents a significant competitive achievement in the business television industry, where CNBC had maintained dominance for decades. The network's success in attracting viewers away from established business news competitors has been attributed to its programming strategy, talent acquisition, and focus on delivering business news content that resonates with contemporary business audiences. Fox Corporation President and Executive Editor Jay Wallace highlighted this achievement, noting that Fox Business has become "the destination for top CEOs, financial experts, and key officials throughout Washington."
Fox Business Recalls & Controversies
Fox Business, as part of Fox Corporation, has been involved in several significant controversies primarily related to defamation lawsuits, editorial practices, and corporate governance issues that have tested the network's reputation and relationships with viewers and regulatory bodies.
Dominion Voting Systems Defamation Lawsuit (2020-2023): Fox Corporation, including Fox Business and Fox News, faced a major defamation lawsuit from Dominion Voting Systems over false claims about voting machine fraud during the 2020 presidential election. The case resulted in a historic $787.5 million settlement in April 2023, one of the largest defamation settlements in media history. While the lawsuit primarily targeted Fox News, the settlement covered Fox Corporation properties, including Fox Business. The controversy highlighted issues with election reporting accuracy and fact-checking processes across Fox's news operations.
Smartmatic Defamation Lawsuit (2023-2025): Fox Corporation faced another major defamation lawsuit from Smartmatic USA Corp regarding false claims about voting machine technology in the 2020 election. In January 2025, the New York State Supreme Court, Appellate Division ruled that Fox Corporation must face the $2.7 billion defamation claim, allowing the case to proceed. This ongoing legal challenge represents continued scrutiny of Fox's election reporting practices and their impact on public discourse about electoral integrity.
Shareholder Lawsuit Against Board Members (2024): Fox News faced a significant shareholder lawsuit against board members, with New York and Oregon public pension funds leading the case. The Delaware Chancery Court lawsuit scrutinized Fox News' entire business model, raising questions about corporate governance practices and the relationship between editorial decisions and financial performance. This legal challenge highlighted concerns about how business pressures might influence news coverage and editorial independence across Fox's media properties, including Fox Business.
Editorial Independence and Political Coverage Criticism: Fox Business has faced criticism regarding the separation between its business news coverage and corporate political activities. Questions have been raised about potential conflicts of interest given Fox Corporation's Political Activities Reports and the network's coverage of political and economic issues affecting parent company interests. Critics have pointed to instances where business news coverage may have been influenced by corporate political positions, though Fox Business maintains editorial independence in its business reporting.
Business Reporting Accuracy Concerns: Fox Business has occasionally faced criticism regarding the accuracy of its business reporting and financial analysis, particularly during periods of market volatility and major economic events. The network, like other business news outlets, has had to address corrections and clarifications on business stories, market predictions, and CEO interviews. These incidents have led to enhanced fact-checking procedures and editorial review processes within the business news division.
Competitive Practices and Market Positioning: Fox Business's aggressive competitive positioning against established business networks like CNBC has occasionally drawn scrutiny regarding comparative claims and marketing practices. The network's promotional materials and on-air statements about viewership leadership have been subject to fact-checking and verification, particularly during periods of ratings fluctuations and competitive challenges in the business news landscape.
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
Sources & Further Reading
- Fox Business Official Website -
- Fox Corporation Official Website -
- Fox Corporation Sustainability Page -
- Fox Corporation Corporate Social Responsibility Report 2025 -
- Fox Corporation Political Activities Report 2025 -
- Fox Corporation Standards of Business Conduct -
- Fox Corporation Human Rights Statement -
- Reuters: Fox Corp must face Smartmatic $2.7 billion defamation claim -
- NBC News: Fox likely to see limited business fallout from Dominion settlement -
- Smartmatic Lawsuit Updates -
- Factually: Fox News defamation lawsuits overview 2020-2025 -
- Fox News Media Spotlight Awards Recognition -
- Fox Business Network 2025 Ratings Achievement Press Release -
- Nielsen Media Research Ratings Data -
- SEC EDGAR: Fox Corporation (FOXA) filings -
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors 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 | United states | All-ages | |
| Paramount Global | USA | 1927 | Mass market | United states | All-ages | |
| Nine Entertainment | Australia | 1956 | Mass market | Australia | All-ages | |
| Comcast | USA | 1989 | Mass market | United states | All-ages | |
| Comcast | USA | 1926 | Mass market | Global | All-ages | |
| Comcast | USA | 1977 | Mass market | Global | All-ages |
Learn More About Competitors

Bravo
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CBS
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American commercial broadcast television network and flagship property of Paramount Global's CBS Entertainment Group.

Channel 9
Owned by Unknown Company
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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