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Fox News Corporation

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Fox News Corporation
NameFox News Corporation
TypePublic
IndustryMedia
Founded1996
FounderRupert Murdoch
Headquarters1211 Avenue of the Americas, New York City
Key peopleLachlan Murdoch, Rupert Murdoch
ProductsTelevision, cable news, digital media
RevenueSee Financial performance

Fox News Corporation is an American media conglomerate notable for its cable news channel and related media properties, founded by Rupert Murdoch and launched in 1996 amid shifts in Rupublic Broadcasting and cable competition. The company operates in broadcasting, cable, and digital media markets alongside rivals such as CNN, MSNBC, and The New York Times Company, and has been central to debates involving Republican Party (United States), Democratic Party (United States), and United States political discourse. Its brands and executives have intersected with major events including the 2000 United States presidential election, the 2016 United States presidential election, and the 2020 United States presidential election.

History

Fox News Corporation emerged from the media empire of Rupert Murdoch and News Corporation (1980–2013), established to expand Fox Broadcasting Company's cable footprint during the 1990s consolidation that involved Viacom, Time Warner, and Comcast. Early programming and talent acquisitions drew figures from CNN, MSNBC, and legacy outlets such as The Wall Street Journal and New York Post, influencing coverage of the Clinton–Lewinsky scandal and the Impeachment of Bill Clinton. The channel's growth accelerated after the September 11 attacks as it competed with ABC News and CBS News in audience share, and later played a prominent role in coverage of the Iraq War (2003) and the 2008 United States presidential election. Corporate reorganizations followed the split of News Corporation into separate publishing and entertainment entities, aligning assets with broader Murdoch family governance seen in 21st Century Fox and later transactions involving The Walt Disney Company. Leadership transitions included the ascendancy of Lachlan Murdoch and recurring public attention to Roger Ailes's tenure and departure.

Corporate structure and ownership

The company's ownership links to the Murdoch family and entities such as News Corp spin-offs and shareholder groups that intersect with institutions like NASDAQ and regulatory frameworks overseen by the Federal Communications Commission. Executive leadership features figures who have held roles at 21st Century Fox, News Corporation (2013–present), and related holdings tied to media conglomerates including Disney, Comcast, and AT&T. Board dynamics have involved directors with backgrounds at Goldman Sachs, Morgan Stanley, and major advertising conglomerates, and corporate governance has been shaped by mergers, acquisitions, and divestitures that echo transactions like the Acquisition of 21st Century Fox by Disney.

Operations and programming

Fox News' operations span cable broadcasting, digital platforms, and syndication with programming that mixes opinion hosts, news anchors, and talk formats drawn from talent associated with Hannity, Tucker Carlson Tonight, and personalities who migrated from outlets like CNN and MSNBC. The network's schedule has featured prime-time opinion shows, daytime news blocks, and weekend programming that interacted with major live events such as State of the Union Address coverage and 2016 Republican National Convention broadcasts. Digital operations compete with platforms like YouTube, Facebook, and Twitter for online audiences, while content partnerships and carriage agreements involve distributors such as DirecTV, Comcast Xfinity, and Dish Network.

Political influence and controversies

The corporation has been a focal point in debates over media influence in elections, with ties to conservative movements and interactions with political figures from the Republican Party (United States) and critics from the Democratic Party (United States). Controversies include allegations of biased coverage during the 2008 presidential election, the 2016 United States presidential election and the 2020 United States presidential election, disputes over fact-checking that drew responses from institutions like PolitiFact and FactCheck.org, and internal scandals involving executives such as Roger Ailes and public figures litigating employment claims. The network's role in shaping narratives has been cited in analyses by scholars at Harvard University, Columbia University, and Stanford University as well as investigations by panels in the United States Congress.

Financial performance

Financially, the corporation has reported revenues and profits influenced by advertising markets, cable subscription fees, and digital monetization, competing with legacy peers including Cable News Network and media companies listed on Fortune 500. Revenue streams have been affected by carriage negotiations with distributors like Comcast, advertising shifts connected to political advertising during presidential cycles such as 2012 United States presidential election and 2016 United States presidential election, and corporate restructuring events tied to the Acquisition of 21st Century Fox by Disney that altered asset portfolios and valuation metrics tracked by analysts at Standard & Poor's and Moody's.

The corporation has faced litigation involving employment law claims, defamation suits, and regulatory inquiries that involved courts such as the United States Court of Appeals for the Second Circuit and panels reviewing claims under statutes like the Communications Decency Act. High-profile cases included settlements and trials connected to executive conduct that implicated figures from Roger Ailes to on-air personalities, and defamation-related litigation involving public figures represented by law firms with practices in media law appearing before federal and state judiciaries. Investigations and regulatory scrutiny have engaged bodies such as the Federal Communications Commission and prompted coverage in outlets like The New York Times and The Washington Post.

Category:Mass media companies of the United States