Fox Corporation (Nasdaq: FOXA, FOX) is a major American media company that operates prominent news, sports, and entertainment brands. Founded in 2019 following the acquisition of 21st Century Fox by Disney, Fox Corporation is controlled by the Murdoch family through a 39.6% ownership stake.
Fox Corporation's key assets include FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and Tubi Media Group. FOX News Channel has been the most-watched cable news network in the US for over 22 consecutive years. The company owns and operates 29 full power broadcast television stations in major markets across the country.
FOX's cable networks include FOX News Channel, FOX Business Network, FS1, FS2, and FOX Deportes. The company has a strong presence in sports broadcasting, with rights to major events and leagues like the NFL, MLB, and NASCAR. FOX Entertainment produces and distributes scripted and unscripted programming for the FOX Network and other platforms.
FOX News Channel: Leading cable news network
FOX Sports: Broadcasts NFL, MLB, NASCAR and other major sports
FOX Entertainment: Produces scripted and unscripted content
FOX Television Stations: Owns 29 local stations in major markets
Tubi: Ad-supported streaming service acquired in 2020
In fiscal year 2023, Fox Corporation reported revenues of USD 14.91 billion and net income of USD 1.25 billion. The company has been investing in its streaming and digital offerings, including the growth of Tubi and FOX Nation. Fox Corporation continues to focus on live news and sports programming while expanding its entertainment production capabilities.
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