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, 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 Corporation's history is rooted in the broader Murdoch media empire. Rupert Murdoch acquired Twentieth Century Fox Film Corporation in 1985 and launched the Fox Broadcasting Company in 1986, creating the first successful fourth broadcast network in the United States. Fox News Channel launched in 1996.

In the 2000s and 2010s, Murdoch's media holdings were organized under 21st Century Fox, which owned Fox News, Fox Sports, the Fox broadcast network, 20th Century Fox film studio, FX Networks, National Geographic, and international assets including Sky.

In December 2017, 21st Century Fox announced the sale of most of its entertainment assets to The Walt Disney Company for approximately $71.3 billion. The transaction closed in March 2019, transferring the 20th Century Fox film studio, FX Networks, National Geographic, and international assets to Disney. The remaining news and sports assets were spun off as Fox Corporation, which began trading independently on March 19, 2019.

In March 2020, Fox Corporation acquired Tubi for approximately $440 million. Tubi has since grown to become the largest FAST service in the United States by viewing hours.

In April 2023, Fox Corporation settled a defamation lawsuit filed by Dominion Voting Systems for $787.5 million, one of the largest defamation settlements in U.S. media history. The settlement related to Fox News broadcasts that made false claims about Dominion's voting machines following the 2020 presidential election.

Rupert Murdoch announced his retirement in September 2023, transitioning leadership to Lachlan Murdoch. A legal dispute among Rupert Murdoch's children over control of the Murdoch Family Trust has been ongoing, with a Nevada probate court ruling in 2024 that Rupert Murdoch could amend the trust to give Lachlan sole control, a decision that other siblings have contested.

Fox Corporation has faced several significant controversies.

The Dominion Voting Systems defamation lawsuit was the most significant. In April 2023, Fox settled for $787.5 million after Dominion alleged that Fox News hosts and executives knowingly broadcast false claims about Dominion's voting machines following the 2020 presidential election. Internal communications revealed during discovery showed that some Fox employees did not believe the claims being broadcast.

A second defamation lawsuit filed by Smartmatic, seeking approximately $2.7 billion in damages, remains pending. Smartmatic made similar allegations regarding false claims about its voting technology.

The Murdoch family succession dispute has been a source of public controversy. Rupert Murdoch's attempt to amend the Murdoch Family Trust to give Lachlan sole control was challenged by his other children. A Nevada probate court ruled in Rupert Murdoch's favor in 2024, but the dispute has drawn significant media attention.

Fox News has faced ongoing criticism from media critics and journalism organizations for its coverage of political topics, with critics arguing that the network's programming blurs the line between news and opinion.