Fox Corporation

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Fox Corporation was created in 2019 after Disney acquired most of the assets of 21st Century Fox.

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Fox Corporation is an American mass media company formed in 2019 after The Walt Disney Company acquired most of the assets of 21st Century Fox. The company retained the former conglomerate’s broadcast, news, and sports businesses, including the Fox Broadcasting Company, Fox News Media, Fox Sports, and Fox Television Stations. Headquartered in New York City, Fox Corporation is controlled by the Murdoch family and led by Chief Executive Officer Lachlan Murdoch. Its Class A shares trade on Nasdaq under the ticker symbol FOXA. As of 2025, the company had about 10,400 employees.

Fox Corporation traces its origins to the media empire built by Rupert Murdoch. In 1980, Murdoch established News Corporation (NWSA) as a holding company for his growing collection of newspapers, television stations, and entertainment businesses. In the 1990s and 2000s, News Corporation expanded into film and television production, broadcasting, cable news, and sports media, becoming one of the world’s largest media companies.

In 2013, News Corporation was split into two publicly traded companies. The publishing businesses, including newspapers and book publishing, became part of the newly incorporated News Corp, while 21st Century Fox became home to the entertainment and television assets. Among them were the Fox broadcast network, Fox News Channel, Fox Sports, and the 20th Century Fox film and television studios.

In 2017, Disney agreed to acquire most of 21st Century Fox’s assets in a transaction valued at about $71 billion. The deal was completed in March 2019. Assets not included in the acquisition, including the Fox broadcast network, were separated into a new company, Fox Corporation.

Fox Corporation began operating as an independent public company on March 19, 2019. Its principal businesses included Fox News Media, Fox Sports, Fox Entertainment, and Fox Television Stations. Lachlan Murdoch, who had previously held senior leadership positions at both News Corporation and 21st Century Fox, became the company’s CEO.

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Rupert Murdoch (left) and his son Lachlan Murdoch, who became CEO of Fox Corporation when the company was formed in 2019.

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Fox Corporation owns and operates businesses in news, sports, entertainment, broadcast television, and streaming media. Its principal properties include Fox News Media, Fox Sports, Fox Entertainment, Fox Television Stations, and Tubi Media Group.

Fox News Media includes the Fox News Channel and Fox Business Network as well as the streaming and digital services Fox Nation and FOX Weather. Since its launch in 1996, Fox News has become one of the most-watched cable news networks in the United States and a major source of political news and commentary.

Fox Sports oversees the company’s national sports broadcasting operations. Through the Fox broadcast network and cable channels such as FS1 and FS2, it carries major sports properties including the National Football League (NFL), Major League Baseball (MLB), college football and basketball, NASCAR, and FIFA international soccer competitions. Fox also holds a majority stake in the Big Ten Network, which is devoted to sports and other programming associated with the Big Ten Conference.

Fox Entertainment develops and produces scripted, animated, and unscripted television programming for the Fox broadcast network and other distributors. The company’s television operations also include Fox Television Stations, which owns and operates stations in major U.S. media markets, and MyNetworkTV, a programming service distributed through affiliated stations. Together, these businesses form the core of Fox Corporation’s broadcast television operations.

Tubi Media Group oversees the company’s streaming businesses. Its principal unit is Tubi, an advertising-supported streaming service offering films, television programs, live channels, and original content.

Fox Corporation has remained under the control of the Murdoch family since its formation in 2019. The company was created from assets spun off from 21st Century Fox, which itself traced its origins to the media businesses assembled by Rupert Murdoch through News Corporation.

Lachlan Murdoch became CEO of Fox Corporation when the company was established and later succeeded his father as chair of both Fox Corporation and News Corp. Rupert Murdoch remained chair of Fox Corporation until 2023, when he stepped down and was named chairman emeritus.

Fox Corporation has a dual-class share structure consisting of Class A and Class B common stock. The more widely traded Class A shares trade under the ticker symbol FOXA, while the Class B shares trade under the symbol FOX. Holders of Class B shares control voting rights in the company, and the Murdoch family, through trusts and related entities, holds a substantial portion of those shares. As a result, the family maintains significant influence over the company’s governance and strategic direction despite owning a minority of its total equity.

In 2020, Fox acquired Tubi, a free streaming service supported by advertising. Under Fox ownership, Tubi became one of the most widely used free streaming services in the U.S. By 2025, it had surpassed $1 billion in annual revenue.

Fox also operates Fox Nation, a subscription service associated with Fox News, and FOX Weather. In 2025, the company launched Fox One, a subscription service carrying programming from its news, sports, and entertainment businesses.

In 2026, Fox agreed to acquire Roku, a company best known for its streaming devices and television software. If completed, the transaction would combine Fox’s television and streaming businesses with a service used by more than 100 million households worldwide.

Many of Fox Corporation’s principal businesses trace their origins to television and news operations established under Rupert Murdoch. Through Fox News, Fox Sports, and the Fox broadcast network, the company has played a prominent role in American news, sports, and entertainment media.

Fox News has been widely associated with conservative political views since the late 1990s. The network has been praised by supporters for providing an alternative to mainstream news outlets and criticized for promoting partisan coverage and, at times, inaccurate or misleading claims about political events.

The network’s influence has also generated legal and political controversy. In 2023, Fox Corporation agreed to pay $787.5 million to settle a defamation lawsuit brought by Dominion Voting Systems. The suit stemmed from false claims aired on Fox News that Dominion voting machines had been used to manipulate the results of the 2020 U.S. presidential election.

Fox Sports has also played an important role in sports broadcasting through its coverage of major events, including the NFL, MLB, and FIFA competitions.