Who Owns Fox News Company? Unveiling the Corporate heartbeat Behind America’s Most Influential News Network

Fox News Company, the media powerhouse behind one of the most watched cable news channels in the United States, is firmly controlled by a single, influential ownership entity—News Corp, the global media conglomerate founded by Rupert Murdoch. At its core, Fox News operates not as an independent news outlet but as a flagship brand under News Corp’s vast portfolio, shaped by strategic corporate oversight and decades of evolving leadership. Understanding the ownership of Fox News Company reveals not only the power structures steering its editorial direction but also the broader implications for media consolidation, political discourse, and the future of broadcast journalism.

Fox News is wholly owned by News Corp, a diversified media firm with roots stretching back to Australia and influence spanning newspapers, television, streaming, and digital platforms worldwide.

In 2019, News Corp—already a major stakeholder—completed the consolidation of Fox News’ operations under its direct control, formalizing what had been a long-standing relationship. The corporation’s influence extends through layered ownership, executive appointments, and board representation, ensuring alignment with its broader corporate vision and strategic priorities.

News Corp: The Architect of Fox News’ Domination

News Corp, chaired by Lachlan Murdoch—the eldest son of Rupert Murdoch—functions as the central pillar of Fox News’ corporate framework.

Lachlan, appointed CEO in 2015 and later assuming greater strategic control over News Corp’s media assets, exemplifies the family-driven leadership that defines the company’s approach. His role as executive chairman of Fox Corporation (the operational arm housing Fox News and its broadcast network) places him at the helm of major editorial and business decisions. As Bloomberg reported, under Lachlan Murdoch’s guidance, Fox News has maintained its sharp political edge while expanding its reach across digital and streaming platforms.

News Corp’s ownership over Fox News is not merely financial; it reflects an embedded integration of values, narrative framing, and audience engagement strategies.

The corporation’s historical investment in bold, opinion-driven journalism—pioneered by figures like Roger Ailes—continues to shape Fox News’ identity. Corporate decisions, from programming scheduling to digital expansion, are guided by a consistent mission: to serve a Republican-leaning audience with fast-paced, provocative news coverage that often blends reporting with advocacy.

Ownership Structure: Beyond Simple Control

While News Corp holds ultimate ownership, the operational reality lies within Fox Corporation, a publicly traded entity spun off from News Corp in 2013 to isolate its television assets. Fox Corporation, in turn, is the legal and financial vehicle managing Fox News as its primary property.

This layered structure delineates ownership from day-to-day management: News Corp retains majority stock control, but Fox Corporation operates with an independent board and executive team focused on broadcasting efficiency and shareholder returns.

1. Majority stake: News Corp holds approximately 80% of Fox Corporation’s shares.
2. Publicly traded: Fox Corporation’s stock trades on the NASDAQ under ticker FOX.
3. Family influence: The Murdoch family maintains decisive control via voting agreements and board representation.
4. Separation of functions: Corporate governance between News Corp and Fox Corporation allows distinct but aligned strategic execution.

This structural division enables operational agility—News Corp can shape long-term vision and brand ethos, while Fox Corporation manages day-to-day news production, talent deployment, and ad revenue generation. It also creates a buffer against potential conflicts of interest, as editorial decisions are formally delegated to specialized executives within Fox Corporation, despite the overarching influence of News Corp’s leadership.

Historical Shifts: From News Corporation Global to Fox News’ American Identity

Fox News was launched in 1996 under the News Corporation umbrella as a counterpoint to what its founders perceived as liberal bias in mainstream media. Under Rupert Murdoch’s stewardship, the channel rapidly grew into a ratings juggernaut by aligning with conservative viewpoints, reshaping the U.S.

cable news landscape. Over time, the transition from a global News Corp brand to a distinctly American news institution reflected both strategic focus and cultural resonance.

The shift was cemented when News Corp streamlined its operations and explicitly directed Fox News to serve a pivotal segment of the U.S. elector