Fox News Channel is owned by Fox Corporation, and control of that company sits with the Murdoch family, led by Lachlan Murdoch as chairman and CEO. I cover the parent company’s ownership structure in more detail elsewhere on this site — this page focuses specifically on Fox News as a property within that larger corporate umbrella.
Quick Facts
| Network | Fox News Channel |
|---|---|
| Parent Company | Fox Corporation (NASDAQ: FOXA/FOX) |
| Controlling Family | Murdoch family |
| Chairman & CEO (Fox Corp) | Lachlan Murdoch |
| Founded (Fox News) | 1996 |
| Founding Chairman | Roger Ailes |
Ownership History
| Year | Development |
|---|---|
| 1996 | Fox News Channel launches under Rupert Murdoch’s News Corporation, with Roger Ailes as founding chairman and CEO |
| 2019 | 21st Century Fox’s entertainment assets are sold to Disney; the news and sports properties, including Fox News, are spun off into the newly formed Fox Corporation, which the Murdoch family retains |
| 2023 | Fox News Network settles a major defamation lawsuit with Dominion Voting Systems for $787.5 million, one of the largest media defamation settlements in US history |
| 2024 | The Murdoch family reaches a settlement resolving a succession dispute, confirming Lachlan Murdoch’s control of the family trust and company going forward |
| 2026 | Lachlan Murdoch continues as chairman and CEO of Fox Corporation, with Fox News remaining the company’s flagship news property |
Key Ownership Highlights
- Fox News sits within Fox Corporation, the entity spun off from the larger Murdoch media empire after the 2019 sale of entertainment assets to Disney.
- The 2024 family trust settlement resolved years of uncertainty over succession, cementing Lachlan Murdoch’s control rather than splitting it among his siblings.
- Fox News operates alongside sibling properties within Fox Corporation, including the Fox broadcast network, Fox Sports, and Fox Business — the full corporate picture is covered on our Fox Corporation ownership page.
FAQ
Does Rupert Murdoch still own Fox News?
Rupert Murdoch remains involved as chairman emeritus, but day-to-day control passed to his son Lachlan Murdoch, confirmed through a 2024 family trust settlement.
Is Fox News part of the same company as the Fox broadcast network?
Yes. Both sit within Fox Corporation, the Murdoch-controlled company formed in 2019 after the sale of 21st Century Fox’s entertainment assets to Disney.
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