Who Owns Fox News?

Fox News is owned by Fox Corporation (NASDAQ: FOXA, FOX), which the Murdoch family controls through a dual-class share structure carrying about 39% of voting power. Fox Corporation reported Q2 fiscal 2026 revenues of $5.18 billion and trailing twelve-month revenue of $16.58 billion.

Fox Corporation recorded $16.30 billion in total revenue for fiscal year 2025, a 16.6% increase over the prior year.
The Murdoch Family Trust holds approximately 39% of Fox Corporation’s voting shares.
Fox Corporation’s market capitalization stood at roughly $25.4 billion as of April 2026.
Fox News Channel reaches approximately 86 countries and territories worldwide.
Fox Corporation employs around 10,200 people across its operations.

Fox News Mission Statement and Guiding Principles

Fox News Media describes its purpose as delivering news reporting alongside opinion and analysis built around free people, free markets, and diversity of thought. The company positions itself as an alternative to what it considers left-of-center coverage in the broader news media market.

Fox Corporation’s guiding principles center on free inquiry, free speech, and free expression. The company identifies itself as a defender of First Amendment activities. Fox News Media platforms collectively reach nearly 200 million people each month, according to company disclosures.

Who Owns Fox News?

Fox Corporation: The Parent Company

Fox News Channel operates as a wholly owned subsidiary of Fox Corporation. The channel is not publicly traded. Investors gain exposure through Fox Corp., which trades on NASDAQ under tickers FOXA (Class A) and FOX (Class B).

Murdoch Family Voting Control

The Murdoch family controls about 39% of Fox Corporation’s voting power through a dual-class share structure, giving the family effective control despite Fox being publicly listed. Institutional investors own over 54% of Fox shares, with the top 10 holding almost a third of the total.

Fox News Origin, Founders and Early Years

Rupert Murdoch founded Fox News Channel in 1996 and hired former Republican media consultant Roger Ailes as its first CEO. Murdoch had prior experience running Sky News in the UK, Europe’s first 24-hour news channel, launched in 1989.

On January 30, 1996, Murdoch announced News Corp. would launch a 24-hour cable news channel. Ailes left America’s Talking (now MSNBC) in February 1996 to build it. Fox News went live on October 7, 1996, reaching 17 million subscribers.

Murdoch reversed the standard cable model by paying providers to carry Fox News. By the 2000 election, the network reached 56 million homes. Fox News surpassed CNN in January 2002 and has held the top spot in cable news viewership since.

Largest Shareholders of Fox News

Murdoch Family Trust

Approximately 39% of voting shares
Controls corporate direction through dual-class structure
Lachlan Murdoch leads as Executive Chair and CEO

The Vanguard Group

Approximately 10.1% of outstanding shares
Largest institutional shareholder
Holdings primarily through index funds

Dodge & Cox

Approximately 9.2% of outstanding shares
Active investment management firm
San Francisco-based, founded in 1930

BlackRock

Approximately 6.8% of outstanding shares
World’s largest asset manager
Holdings across both passive and active funds

State Street Corporation

Approximately 3.5% of outstanding shares
Major index fund provider
Institutional custody and investment management

How Did Fox News Get Its Name?

The name Fox News comes from its parent brand. Murdoch’s News Corporation acquired 50% of TCF Holdings in 1985, gaining control of 20th Century Fox’s assets. He launched the Fox Broadcasting Company in 1986 as a fourth network competing against ABC, CBS, and NBC.

The Fox name itself traces back to William Fox, who founded one of the predecessor companies that became 20th Century Fox. When Murdoch launched his cable news operation in 1996, he extended the same brand. The name tied the new channel to Murdoch’s existing American media properties, giving it instant recognition. Co-founder Roger Ailes coined the original tagline “Fair and Balanced” during the network’s development.

Fox News Products and Services

Fox News Channel

24-hour cable news network
Most-watched cable news channel for 20+ years
Available in 86 countries and territories

Fox Business Network

Financial and business news coverage
Most-watched business channel during market hours
Market data, analysis, and commentary

Fox News Digital

FoxNews.com website and mobile apps
Fox News Audio (podcasts and radio)
Fox News Books publishing imprint

Fox Nation

Subscription streaming service
Original documentaries and talk shows
Companion platform to Fox News Channel

Fox Weather

Free ad-supported streaming weather service
24/7 weather coverage and forecasts
Launched in 2021

Fox News International

International streaming distribution
Fox Extra segments during ad breaks abroad
Available in select global markets

Who Is on the Fox News Board of Directors?

Fox News governance falls under Fox Corporation’s board, which oversees all subsidiary operations.

Executive Leadership

Lachlan K. Murdoch

Executive Chair and Chief Executive Officer

Appointed CEO in 2018. Oversaw the 2019 spinoff from 21st Century Fox. Also serves as Chairman of News Corp since November 2023.

Suzanne Scott

CEO, Fox News Media

Named CEO of Fox News and Fox Business in 2018. Joined Fox News in 1996 as a programming assistant.

Legal and Governance

William A. Burck

Director since June 2021 — Compensation Committee Chair

Global Co-Managing Partner at Quinn Emanuel Urquhart & Sullivan, LLP. Former Deputy White House Counsel (2005–2009).

Paul D. Ryan

Director since March 2019 — Nominating Committee Chair

Former Speaker of the U.S. House of Representatives (2015–2019). General partner at Solamere Capital.

Media and Business Strategy

Chase Carey

Lead Independent Director since March 2019

Former Chairman and CEO of Formula 1 (2016–2022). Previously Vice Chairman of 21st Century Fox.

Roland A. Hernandez

Director since March 2019 — Audit Committee Chair

Founding Principal and CEO of Hernandez Media Ventures. Former CEO of Telemundo Group (1995–2000).

Technology and Public Policy

Margaret “Peggy” L. Johnson

Director since November 2023

Former CEO of Magic Leap, Inc. (2020–2023). Previously Executive Vice President of Business Development at major technology companies including Microsoft (2014–2020).

Tony Abbott AC

Director since November 2023

28th Prime Minister of Australia (2013–2015). Member of parliament from 1994 to 2019.

Fox Corporation Revenue Performance

FAQ

Is Fox News an American company?

Yes. Fox News is headquartered at 1211 Avenue of the Americas in New York City. It operates as a subsidiary of Fox Corporation, which trades on the NASDAQ.

What is the net worth of Fox News?

Fox News does not have a separate public valuation. Parent company Fox Corporation had a market cap of roughly $25.4 billion as of April 2026. Fox News generated about 70% of Fox Corp.’s pre-tax profit as of 2023.