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.

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, competing directly with CNN and MSNBC.

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, which closed in March 2019, transferred the 20th Century Fox film studio, FX Networks, National Geographic, and international assets to Disney. The Murdoch family retained the news and sports broadcasting assets, which were spun off as the new Fox Corporation.

Fox Corporation began operating as an independent publicly traded company on March 19, 2019. The company's portfolio included Fox News Channel, Fox Business Network, Fox Sports, the Fox broadcast network, and 28 owned-and-operated local television stations.

In March 2020, Fox Corporation acquired Tubi, a free ad-supported streaming service, for approximately $440 million. The acquisition gave Fox a significant presence in streaming without the content investment required to build a subscription streaming service. Tubi has grown rapidly, becoming the largest FAST (free ad-supported streaming television) service in the United States by viewing hours.

In April 2023, Fox Corporation settled a defamation lawsuit filed by Dominion Voting Systems for approximately $787.5 million. Dominion had alleged that Fox News hosts and executives knowingly broadcast false claims about Dominion's voting machines in the aftermath of the 2020 presidential election. The settlement was one of the largest defamation settlements in U.S. media history.

Rupert Murdoch announced his retirement as Executive Chairman of Fox Corporation and News Corp in September 2023, transitioning the role to his son Lachlan Murdoch. Rupert Murdoch had led the family's media empire for more than six decades.

In fiscal year 2024 (ended June 30, 2024), Fox Corporation reported revenue of approximately $14 billion, driven by strong performance at Fox News and Fox Sports, including Super Bowl LVIII broadcast rights.

Fox Corporation has implemented sustainability initiatives focused on environmental responsibility, ethical journalism practices, and social impact within the media industry. The company recognizes its role as a major media organization and is committed to reducing its environmental footprint while maintaining journalistic integrity and responsible content creation.

The company has invested in energy-efficient broadcasting infrastructure and sustainable studio operations to reduce the carbon footprint of its media production facilities. Fox's sustainability strategy includes renewable energy usage for broadcast operations, energy-efficient studio lighting and equipment, and optimized content delivery systems that reduce bandwidth consumption while maintaining broadcast quality.

Fox maintains strong ethical standards for journalism and content creation, including editorial guidelines, fact-checking protocols, and responsible reporting practices. The company's ethical framework includes comprehensive editorial oversight, transparent correction policies, and responsible coverage of sensitive topics and breaking news.

The company participates in media industry sustainability initiatives and collaborates with broadcasting organizations to advance environmental performance across the media sector. Fox's sustainability reporting includes progress metrics on energy efficiency, environmental impact reduction, and responsible journalism practices across its broadcasting operations.

Fox Corporation has received recognition for its innovation in media broadcasting and journalism excellence:

• Emmy Awards: Multiple awards for news programming, sports coverage, and entertainment content
• Peabody Awards: Recognition for excellence in broadcast journalism and documentary programming
• Edward R. Murrow Awards: Recognition for electronic journalism excellence and investigative reporting
• Sports Broadcasting Awards: Recognition for NFL coverage, sports production innovation, and sports journalism
• News & Documentary Emmy Awards: Recognition for news programming and documentary excellence
• Technology Innovation Awards: Recognition for broadcasting technology and digital media innovation
• Local Journalism Awards: Recognition for local news coverage and community journalism
• Corporate Responsibility Awards: Recognition for community engagement and social impact programs

These awards reflect Fox Corporation's commitment to journalistic excellence, technological innovation, and responsible media practices while maintaining its position as a leading media broadcasting company.

Fox Corporation's most significant controversy in recent years was the Dominion Voting Systems defamation lawsuit. Dominion alleged that Fox News hosts and executives knowingly broadcast false claims about Dominion's voting machines following the 2020 presidential election, despite internal communications showing that Fox employees did not believe the claims. Fox Corporation settled the lawsuit for approximately $787.5 million in April 2023, one of the largest defamation settlements in U.S. media history.

A second defamation lawsuit, filed by Smartmatic (another voting technology company), was still pending as of early 2026, seeking approximately $2.7 billion in damages.

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

The Murdoch family's succession planning has been a subject of public interest, particularly following Rupert Murdoch's retirement in September 2023 and a legal dispute among his children over control of the Murdoch Family Trust.