Quick Facts: Fox Network
| Parent Company | Fox Corporation (NASDAQ: FOXA/FOX) |
| Ownership Type | Public, family-controlled via dual-class shares |
| Controlling Figure | Lachlan Murdoch (Executive Chair & CEO) |
| Control Vehicle | LGC Holdco (36.2% of Fox Class B shares) |
| Family Trust Settled | September 2025 |
| Rupert Murdoch’s Role | Chairman Emeritus |
| Formal Name | Fox Broadcasting Company |
Who Owns Fox Network?
Fox Network — formally Fox Broadcasting Company — is owned by Fox Corporation, a publicly traded company now firmly controlled by Lachlan Murdoch following a major family trust settlement completed in September 2025.
The Murdoch Family Trust had held voting power over Fox and News Corporation shares on behalf of Rupert Murdoch’s children, but years of litigation over who would ultimately control that voting power ended with a Nevada settlement resolving the dispute entirely.
Under the deal, Lachlan Murdoch gained sole voting control through a newly created holding company, LGC Holdco, which holds 36.2% of Fox’s Class B common stock — while his siblings Prudence MacLeod, Elisabeth Murdoch, and James Murdoch ceased to be beneficiaries of any trust holding Fox or News Corp shares, each receiving roughly $1.1 billion in proceeds as part of the resolution.
Rupert Murdoch, the family patriarch who built the modern Fox media empire, remains Chairman Emeritus of the company, a largely honorary role following the transfer of real control to Lachlan.
Fox Network Ownership History
| Year | Event | Owner / Key Figure | Notes |
|---|---|---|---|
| 1986 | Fox Broadcasting Company launches | Rupert Murdoch | Fourth major U.S. broadcast network |
| 2019 | Fox Corporation spun off, post-Disney deal | Murdoch Family Trust | Entertainment assets sold to Disney; broadcast/news retained |
| 2023–2025 | Family trust succession litigation | Murdoch siblings (disputed) | Fought over post-Rupert voting control |
| 2025–Present | Settlement gives Lachlan sole control | Lachlan Murdoch (via LGC Holdco) | Siblings bought out, ~$1.1B each |
About Lachlan Murdoch
Lachlan Murdoch has held senior roles across the family’s media empire for decades, stepping away at points before returning as the clear designated successor as Rupert Murdoch aged into his nineties.
The 2025 settlement ended years of uncertainty about which Murdoch sibling — or combination of siblings — would ultimately control the family’s media holdings after Rupert’s eventual departure, cementing Lachlan’s position well before that transition needed to happen.
Key Ownership Highlights
- Fox Network operates under Fox Corporation, not the old 21st Century Fox: the entertainment studio and most other assets were sold to Disney in 2019, leaving the broadcast network and Fox News under a leaner corporate structure.
- Control now rests with one Murdoch sibling, not a shared family trust: Lachlan’s 2025 settlement ended the ambiguity that had persisted since Rupert began stepping back.
- Three siblings were bought out entirely: Prudence MacLeod, Elisabeth Murdoch, and James Murdoch each received roughly $1.1 billion and exited as beneficiaries of Fox/News Corp trusts.
- Rupert Murdoch’s role is now largely symbolic: Chairman Emeritus, without the controlling authority he held for decades.
- The dual-class share structure is what made this settlement so consequential: voting power, not just economic ownership, was what the family fought over and what LGC Holdco now controls.
Frequently Asked Questions
Who owns Fox Network?
Fox Corporation owns Fox Network (Fox Broadcasting Company), and Fox Corporation is now controlled by Lachlan Murdoch following a 2025 family trust settlement.
Is Rupert Murdoch still in charge of Fox?
No, he now holds the largely honorary title of Chairman Emeritus; real control passed to Lachlan Murdoch.
What happened to Rupert Murdoch’s other children?
Prudence MacLeod, Elisabeth Murdoch, and James Murdoch were bought out of the Fox/News Corp trusts in 2025, each receiving roughly $1.1 billion.
Is Fox Network the same company as Fox News?
They’re both owned by Fox Corporation but operate as distinct entities — Fox Network is the broadcast network, Fox News is the separate cable news channel.
How does Lachlan Murdoch maintain control despite Fox being publicly traded?
Through a dual-class share structure; his LGC Holdco entity holds 36.2% of Fox’s Class B voting shares.
Related: Fox’s Sister Brand
Fox Network shares its corporate parent with Fox News.
