EXPOSED: The SecretOwnership Structure Behind Fox News

Fox News has become a ubiquitous presence in American television, with a viewership of over 89 million households and a reputation for conservative politics. But behind the scenes, the network's ownership structure is shrouded in secrecy, leaving many wondering who truly holds the reins. As it turns out, Fox News is part of a massive media conglomerate, with a complex web of ownership and influence that goes far beyond a single individual or company.

Fox News is primarily owned by Fox Corporation, a publicly traded company listed on the NASDAQ stock exchange under the ticker FOXA. This means that while Fox News is technically owned by the shareholders of Fox Corporation, the network's editorial direction and content remain under the control of Rupert Murdoch, the executive co-chairman of the company's parent entity, News Corp. However, this is only part of the story. The real question is, who else has a stake in the network and how do they exert their influence.

The874 Announcement

The Fox Corporation and its Various Subsidiaries

Fox Corporation is a subsidiary of News Corp, a publicly traded company that was initially founded by Rupert Murdoch in 1979 as News Limited. Over the years, News Corp has grown into a multinational mass media conglomerate with interests in publishing, cable television, and film. Today, News Corp is one of the largest media companies in the world, with its reach extending from Asia to the Americas.

On August 2013, News Corp split into two separate companies: News Corp and 21st Century Fox. News Corp retained the publishing assets, such as The Wall Street Journal and HarperCollins, while 21st Century Fox absorbed the movie and television properties, including Fox Networks Group, which oversees the Fox News channel. The split was finalized in June 2018, with the split of 21st Century Fox into two entities: Fox Corporation and The Walt Disney Company, owner of 20th Century Studios, Disney Television Studios, 20th Century Home Entertainment and FX among others.

The Influence of the Murdoch Family

The Murdoch Family Interests

The Murdoch family has been at the helm of the media empire since its inception and remains a dominant force behind Fox News. Rupert Murdoch, the patriarch, is a pioneer in media mogulship and has been instrumental in shaping the editorial direction of Fox News. His children, Elisabeth and Lachlan, have also played key roles in shaping the network's strategy. Rupert Murdoch's daughter, Elisabeth, has served as the chief executive of Fox television, but relinquished this role in 2013. His son, Lachlan, currently serves as the Executive Co-Chairman of the Fox Corp, Co-COO of News Corp.