Key Stats
Founded: March 19, 2019 (spin-off from 21st Century Fox)
Headquarters: 1211 Avenue of the Americas, New York, NY
CEO: Lachlan Murdoch (Chairman and CEO since 2019)
Employees: Approximately 10,400
NASDAQ Ticker Symbols: FOX, FOXA
Fox Corporation operates as a major American mass media company focused on news, sports, and entertainment broadcasting. The company produces content through its primary brands including Fox News Media, Fox Sports, Fox Entertainment, Fox Television Stations, and Tubi Media Group.
Fox Corp emerged in 2019 when The Walt Disney Company acquired the entertainment assets of 21st Century Fox for $71.3 billion. The remaining broadcasting, news, and sports properties formed the new Fox Corporation as an independent public company.
The company reported $16.30 billion in revenue for fiscal year 2025 and maintains a market capitalization of approximately $31 billion. Fox News Channel remains the most-watched cable news network in the United States, while Tubi has grown into a leading free ad-supported streaming service with over 80 million monthly active users.
Fox Corporation History
Fox Corporation traces its origins to 1985 when Rupert Murdoch acquired the Metromedia television stations. He launched the Fox Broadcasting Company in 1986 as the fourth major American television network, challenging ABC, CBS, and NBC.
The company built credibility through strategic sports deals, including the NFL NFC package in 1994. Fox News Channel launched in 1996 and grew to dominate cable news ratings. The 2019 Disney transaction created today’s Fox Corp from the assets Disney could not legally acquire due to FCC dual network ownership rules.
1985
Rupert Murdoch acquired Metromedia television stations, establishing the foundation for a fourth American broadcast network.
1986
Fox Broadcasting Company launched as the fourth major U.S. television network with initial programming on weekend nights.
1994
Fox acquired NFL NFC broadcast package for $1.58 billion, establishing credibility as a major sports broadcaster.
1996
Fox News Channel launched to compete with CNN in the 24-hour cable news market.
2007
Fox Business Network launched to compete with CNBC in financial news programming.
2013
Fox Sports 1 launched as a national sports cable network to compete with ESPN.
2019
Fox Corporation began trading as an independent public company on March 19 following the Disney acquisition of 21st Century Fox entertainment assets.
2020
Acquired Tubi streaming service for $440 million, entering the free ad-supported streaming market.
2021
Acquired TMZ from WarnerMedia for approximately $50 million, expanding entertainment news coverage.
2025
Acquired Red Seat Ventures podcast company and announced stake in Penske Entertainment, parent of IndyCar Series.
Fox Corporation Co-founders
Rupert Murdoch
Media mogul who built the Fox empire starting with the 1985 Metromedia acquisition. Serves as Chairman Emeritus after stepping down from active management in November 2023.
Lachlan Murdoch
Son of Rupert Murdoch who led the creation of Fox Corporation during the Disney transaction. Serves as Executive Chairman and CEO since the company’s 2019 formation.
Fox Corporation Competitors
Fox Corporation competes with major media conglomerates across news, sports, and entertainment broadcasting. In cable news, Fox News Channel faces competition from CNN and MSNBC. The broadcast network competes with ABC, CBS, and NBC for ratings and advertising revenue.
| Competitor | Headquarters | Primary Businesses |
|---|---|---|
| The Walt Disney Company | Burbank, California | ABC, ESPN, Disney+, Theme Parks |
| Comcast Corporation | Philadelphia, Pennsylvania | NBCUniversal, Peacock, Sky |
| Warner Bros. Discovery | New York, New York | CNN, HBO, Max, Discovery Networks |
| Paramount Global | New York, New York | CBS, MTV, Paramount+, Showtime |
| Netflix | Los Gatos, California | Streaming, Original Content |
| Amazon MGM Studios | Seattle, Washington | Prime Video, Film Production |
| Sony Pictures Entertainment | Culver City, California | Film, Television Production |
| News Corp | New York, New York | Wall Street Journal, HarperCollins |
| Sinclair Broadcast Group | Hunt Valley, Maryland | Local Television Stations |
| Nexstar Media Group | Irving, Texas | Television Stations, NewsNation |
Fox Corporation Revenue
Fox Corporation generated $16.30 billion in revenue for fiscal year 2025, representing a 16.6% increase from the prior year. Strong advertising sales, particularly political advertising and Super Bowl LIX broadcasts, drove the revenue growth.
Fox Corporation Annual Revenue (in Billions USD)
Fox Corporation Acquisitions
Fox Corporation has pursued strategic acquisitions to strengthen its content portfolio and expand into digital platforms since becoming an independent company in 2019. The acquisition strategy focuses on streaming services, entertainment content, and sports betting opportunities.
In May 2019, Fox acquired a 4.99% stake in The Stars Group for $236 million. This investment led to the co-development of Fox Bet sports betting products for the U.S. market. The same year, Fox purchased animation studio Bento Box Entertainment for $50 million, securing production of shows like Bob’s Burgers and The Great North.
The August 2019 acquisition of a 67% stake in Credible Labs for $397 million brought fintech capabilities to Fox’s digital portfolio. Credible operates a consumer finance marketplace that enables users to compare rates on loans, mortgages, and credit cards.
Fox completed its acquisition of Tubi in April 2020 for $440 million. The free ad-supported streaming service has grown significantly under Fox ownership, reaching profitability in fiscal year 2026 ahead of schedule. Tubi now attracts over 80 million monthly active users and competes with services from Comcast and other major media companies.
In September 2021, Fox acquired TMZ from WarnerMedia for approximately $50 million. The entertainment news brand operates under Fox Entertainment. December 2021 brought the acquisition of MarVista Entertainment, adding film and television production capabilities. Fox Entertainment Studios launched in September 2022 as the company’s first in-house scripted production venture.
Recent acquisitions include Red Seat Ventures in February 2025 to expand podcast offerings and a stake in Penske Entertainment in July 2025. The Penske deal includes an extension of Fox’s IndyCar Series broadcast rights.
Fox Corporation Marketcap
Fox Corporation maintains a market capitalization of approximately $31 billion as of January 2026. The company’s stock increased over 40% during 2024-2025, driven by strong advertising revenue, political advertising cycles, and Tubi streaming growth.
Fox Corporation Market Capitalization (in Billions USD)
FAQs
When was Fox Corporation founded?
Fox Corporation was formed on March 19, 2019, as a spin-off from 21st Century Fox following The Walt Disney Company’s acquisition of Fox’s entertainment assets for $71.3 billion.
Who is the CEO of Fox Corporation?
Lachlan Murdoch serves as Executive Chairman and CEO of Fox Corporation since its formation in 2019. His father Rupert Murdoch serves as Chairman Emeritus after stepping down in November 2023.
What is Fox Corporation market capitalization?
Fox Corporation has a market capitalization of approximately $31 billion as of January 2026. The company trades on NASDAQ under ticker symbols FOX and FOXA.
What does Fox Corporation own?
Fox Corporation owns Fox News Channel, Fox Business Network, Fox Broadcasting Company, Fox Sports, Fox Television Stations, and Tubi streaming service. The company also owns TMZ and Bento Box Entertainment.
Where is Fox Corporation headquarters located?
Fox Corporation headquarters is located at 1211 Avenue of the Americas in Midtown Manhattan, New York City. The company also maintains production offices in Burbank, California.
