Fox Corporation
An American publicly traded media company focused on broadcast television, news, sports, and ad-supported digital video.
Last updated October 21, 2026
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Overview
Fox Corporation is an American multinational media company created in March 2019 through the separation of the television broadcasting, news, and sports assets retained by 21st Century Fox after The Walt Disney Company acquired most of that company. The new company preserved the Fox name and began trading publicly as an independent business, with Lachlan Murdoch serving as executive chairman and chief executive officer. Rupert Murdoch later became chairman emeritus and announced his retirement as Fox Corporation chairman effective November 2023. Fox operates a concentrated portfolio rather than the diversified film, theme-park, and international entertainment structure acquired by Disney. Its principal businesses include the Fox broadcast network, Fox Television Stations, Fox News Media, Fox Sports, the free ad-supported streaming service Tubi, Fox Business, Fox Entertainment, and digital media activities organized through Tubi Media Group. The company’s programming emphasis is live and appointment-based content, particularly national and local news, sports, political coverage, reality and entertainment programming, and broadcast television. The company’s formation was shaped by regulatory and strategic considerations surrounding Disney’s acquisition of 21st Century Fox. Disney already owned ABC, and the United States dual-network rule prevented it from acquiring another major broadcast network. As a result, the Fox broadcast network, Fox-owned stations, Fox News, Fox Sports’ national operations, and related assets were separated into the independent company. Regional sports networks were not retained and were ultimately transferred to a consortium led by Sinclair Broadcast Group. Since its launch, Fox has expanded selectively into digital video, sports betting partnerships, production, podcasting, and international sports media. It acquired Tubi in 2020, purchased TMZ and MarVista Entertainment in 2021, created Fox Entertainment Studios and Fox Entertainment Global in 2022, and formed Tubi Media Group in 2023 to coordinate digital properties including Tubi, Credible Labs, Blockchain Creative Labs, and other news, sports, and entertainment platforms. Fox also announced Fox One, a streaming service combining the Fox broadcast network with the company’s cable channels, as part of its response to cord-cutting and changing television consumption. Fox’s brand positioning is built around nationally recognized news and sports franchises, a broad broadcast distribution footprint, and a politically distinctive news identity. Its revenue model combines advertising, affiliate and retransmission fees, programming and distribution arrangements, digital advertising, and other media-related activities. The company remains closely associated with the Murdoch family, while its corporate strategy has emphasized maintaining a comparatively focused portfolio of live content and scalable digital extensions.
History
Fox Corporation emerged from the restructuring of 21st Century Fox associated with The Walt Disney Company’s proposed acquisition of the company’s film, television production, cable entertainment, and satellite-broadcasting assets. Disney announced the transaction in December 2017. The assets left outside the transaction were intended to form a more focused company, informally described as New Fox, retaining the Fox broadcast network, Fox-owned stations, Fox News, Fox Business, and national Fox Sports operations. Regional sports networks were separated from the transaction after United States antitrust concerns involving Disney’s ownership of ESPN. Lachlan Murdoch was selected to lead the successor company rather than his brother James Murdoch. Fox filed its registration statement with the Securities and Exchange Commission in January 2019 and began operating independently on March 19, 2019, the same period in which it replaced 21st Century Fox in the S&P 500. Disney completed its acquisition of the other 21st Century Fox assets the following day. Under the transaction arrangements, Disney was expected to phase out use of the Fox brand in certain acquired businesses to distinguish them from the newly independent Fox Corporation. Fox’s early strategy was to remain concentrated in broadcast, news, sports, and live programming. It did not pursue the former regional sports networks, which were sold to a Sinclair-led consortium and later rebranded. In 2019, Fox Sports expanded into sports betting through its investment and commercial relationship with The Stars Group, producing the Fox Bet brand. Fox also experimented with new content development through SideCar, although that unit was closed in 2020. The company broadened its digital and production capabilities through a series of acquisitions. It purchased a majority interest in Credible Labs and acquired animation studio Bento Box Entertainment in 2019. In 2020, it acquired Tubi, giving Fox a substantial free ad-supported streaming platform. TMZ joined Fox in 2021, followed later that year by MarVista Entertainment, a television and film production company. These moves extended Fox beyond linear television while preserving its emphasis on advertising-supported distribution. In 2022, Fox announced Fox Entertainment Studios, its first effort to build a wholly in-house television production operation, and introduced Fox Entertainment Global as an international distribution unit. Monarch was identified as the studio’s first series. In 2023, Fox organized Tubi, Credible Labs, Blockchain Creative Labs, and other digital properties into Tubi Media Group under Paul Cheesbrough. The same year, Fox and News Corp considered reuniting after having been separated in 2013, but the proposal was abandoned following resistance from shareholders and James Murdoch. Rupert Murdoch announced in 2023 that he would retire as Fox Corporation chairman, becoming chairman emeritus while Lachlan Murdoch continued as chairman and chief executive. A later Nevada probate dispute concerned control of voting rights under the Murdoch family trust and attracted attention because of its implications for the governance and editorial direction of the family’s media assets. Fox continued pursuing digital audio, streaming, and sports expansion. It acquired Red Seat Ventures in 2025 and announced Fox One, a streaming product intended to aggregate the Fox broadcast network and cable channels for audiences moving away from traditional pay television. It also announced expansion into Mexican sports broadcasting through Caliente TV and a proposed minority investment in Penske Entertainment, the owner of the IndyCar Series and Indianapolis Motor Speedway. These developments reflect Fox’s continuing effort to use recognizable news and sports brands across broadcast, cable, streaming, and digital platforms.
- 2025
Fox One is announced
[1]Fox announced a streaming service designed to package its broadcast and cable programming for direct online audiences.
- 2023
Tubi Media Group is created
[1]Fox consolidated several digital businesses and platforms under a dedicated digital-media group.
- 2023
Rupert Murdoch becomes chairman emeritus
[1]Rupert Murdoch retired as Fox Corporation chairman, with Lachlan Murdoch remaining the company’s principal executive leader.
- 2022
Fox Entertainment Studios is launched
[1]Fox established an in-house production studio and announced an international distribution operation.
- 2020
Tubi acquisition expands Fox’s streaming presence
[1]Fox acquired Tubi, strengthening its position in free ad-supported streaming video.
- 2019
Fox Corporation begins trading and independent operations
[1]Fox Corporation became an independent public company and began operating separately from the assets acquired by Disney.
- 2018
Lachlan Murdoch selected to lead the successor company
[1]Lachlan Murdoch was chosen to head the planned independent Fox business.
- 2017
Disney announces planned acquisition of most 21st Century Fox assets
[1]The transaction established the basis for separating 21st Century Fox’s broadcast, news, and sports assets into a successor company.
Products and positioning
A focused American media group centered on news, sports, broadcast television, and ad-supported digital video, with a strong emphasis on live and event-driven programming.
Broadcast television network
Fox Broadcasting Company
Fox’s national broadcast network is one of the company’s core assets. It distributes entertainment, sports, news-related programming, and other scheduled television content through affiliated stations across the United States. The network is central to Fox’s advertising and retransmission model and provides important programming for the planned Fox One streaming service.
Cable news and digital media
Fox News Media
Fox News Media includes Fox News and related digital and television news operations. It is one of Fox Corporation’s most recognizable businesses and is built around continuous news coverage, opinion programming, political discussion, digital publishing, and advertising and distribution relationships.
Sports media
Fox Sports
Fox Sports encompasses national sports broadcasting and associated digital and commercial activities. Its portfolio is focused on live sports, event programming, studio coverage, and sports-related digital products. Fox has also used the sports division as a platform for sports-betting partnerships and additional international expansion.
Local television stations
Fox Television Stations
Fox Television Stations operates Fox-owned local broadcast outlets in major United States markets. The stations provide local news, syndicated and network programming, advertising inventory, and distribution reach for the broader Fox broadcast business.
Ad-supported streaming · 2014
Tubi
Tubi is a free, advertising-supported streaming platform offering a broad catalog of films, television programs, live channels, and original or commissioned content. Fox acquired the service to establish a larger direct-to-consumer and digital advertising presence without relying solely on subscription revenue.
Streaming service · 2025
Fox One
Fox One is a direct streaming service announced to combine the Fox broadcast network with the company’s cable channels. It is intended to address cord-cutters and cord-never audiences by providing online access to Fox’s news, sports, entertainment, and broadcast programming.
Television production · 2022
Fox Entertainment Studios
Fox Entertainment Studios is Fox’s in-house television production operation. It was created to give Fox greater control over development and production, with Monarch identified as its first series. Fox Entertainment Global was announced alongside the studio to support international distribution.
Controversies
2024
Murdoch family trust and voting-rights dispute
A Nevada probate case examined an effort to change voting arrangements in the irrevocable Murdoch family trust. The dispute had potential implications for control of Fox Corporation and related family media assets. The court reportedly rejected the proposed modification and found that the petitioners had acted in bad faith.
2021
New York City Human Rights Commission fines Fox Corporation $1 million
The New York City Human Rights Commission levied a $1 million fine against Fox Corporation over past violations of employees’ rights. The article says the fine reflects a maximum civil penalty for each violation.
2021
Smartmatic files defamation suit against Fox entities
Smartmatic filed a $2.7 billion defamation suit against Fox Corp., Fox News Network, three Fox News hosts, Rudy Giuliani, and Sidney Powell. The complaint alleges that Fox News reports stated or implied that Smartmatic had stolen the election and that its technology was used in six states; the article reports that Smartmatic said it provided election technology and software only in Los Angeles County, California.
Marketing campaigns
- 2025Fox One streaming launch
United States
Fox announced a direct streaming product bringing together its broadcast network and cable-channel programming for viewers shifting away from traditional pay television.
Outcome. The initiative positioned Fox’s live news, sports, and entertainment portfolio for direct digital distribution.
- 2019Fox Bet launch
United States
Fox Sports partnered with The Stars Group to develop sports-betting products under the Fox Bet name, linking Fox’s sports audience and media inventory with a digital wagering proposition.
Outcome. The partnership established Fox Bet as an early sports-betting extension of the Fox Sports brand.
Brand decisions
2023
Abandon proposed merger with News CorpM&ABackground
Rupert Murdoch proposed exploring a combination of Fox Corporation and News Corp, which had been separated in 2013.
Action taken
The proposal was withdrawn after opposition from shareholders and James Murdoch.
Aftermath
Fox and News Corp remained separate publicly traded companies.
2022
Build in-house production and international distributionStrategyBackground
Fox sought more control over content development and additional ways to distribute entertainment internationally.
Action taken
The company announced Fox Entertainment Studios and Fox Entertainment Global.
Aftermath
Fox expanded from primarily distributing third-party and network programming toward a more integrated production and distribution model.
2020
Acquire TubiM&ABackground
Growing cord-cutting and the expansion of ad-supported streaming created pressure for traditional television companies to build digital distribution and advertising capabilities.
Action taken
Fox acquired Tubi and incorporated the service into its broader digital-media strategy.
Aftermath
Tubi became a central part of Fox’s streaming and digital advertising portfolio and later formed part of Tubi Media Group.
2019
Retain a focused Fox portfolio after the Disney transactionStrategyBackground
The Disney transaction separated the former 21st Century Fox’s film, production, and cable-entertainment assets from the broadcast, news, and sports businesses.
Action taken
Fox Corporation retained its broadcast network, owned stations, national news operations, and national sports assets while declining to pursue the former regional sports networks.
Aftermath
The company developed as a comparatively focused media group centered on live television, news, sports, and advertising-supported digital platforms.
Recent events
IndyCar and FOX partner with Fostering the Future for foster youth scholarships[5]
Reported:
First Lady Melania Trump announced new scholarship funding for foster youth at Indiana University and Purdue University, teaming up with IndyCar and FOX Corporation as part of the Fostering the Future initiative, which now includes 26 universities nationwide. FOX and IndyCar will provide scholarship funding at both universities.
Netflix loses appeal in Fox employee-poaching case[6]
Reported:
A California appellate court rejected Netflix's appeal in a case brought by Fox over Netflix recruiting fixed-term staff. The court decision requires Netflix to stop poaching Fox's fixed-term employees.
- Unconfirmed
New York City Human Rights Commission fines Fox Corporation $1 million[3]
The New York City Human Rights Commission levied a $1 million fine against Fox Corporation over past violations of employees’ rights. The article says the fine reflects a maximum civil penalty for each violation.
Fox Corporation announces acquisition of Outkick[7]
Reported:
Fox Corporation announced that it was acquiring Outkick, a sports and pop-culture media platform. Outkick was to operate as an independent brand and be integrated across Fox’s existing platforms.
Fox files arbitration suit against Flutter over FanDuel stake pricing[8]
Reported:
Fox Corporation filed an arbitration suit against Flutter Entertainment in a dispute over the purchase price of Fox’s option to acquire an 18.6% stake in Flutter’s FanDuel brand.
- Unconfirmed
Smartmatic files defamation suit against Fox entities[4]
Smartmatic filed a $2.7 billion defamation suit against Fox Corp., Fox News Network, three Fox News hosts, Rudy Giuliani, and Sidney Powell. The complaint alleges that Fox News reports stated or implied that Smartmatic had stolen the election and that its technology was used in six states; the article reports that Smartmatic said it provided election technology and software only in Los Angeles County, California.
Fox agrees to acquire Tubi[9]
Reported:
Fox agreed to acquire streaming service Tubi TV for $440 million.
Fox Corporation announces acquisition of Tubi[10]
Reported:
Fox Corporation announced that it would acquire ad-supported video service Tubi for approximately $440 million. The companies said the transaction required approval from U.S. government regulators and was expected to close before June 30.
Fox Corporation completes acquisition of Seattle-area stations[11]
Reported:
Fox Corporation completed its acquisition of Q13 FOX and JOEtv from Nexstar Media Group; Nexstar also sold WITI in Milwaukee to FOX as part of the acquisition.
Fox reports higher second-quarter earnings[12]
Reported:
Fox Corp. reported higher profits for its second fiscal quarter, with net income of $300 million and revenue of $3.76 billion.
Sources16 sources
- 1Fox Corporationen.wikipedia.org
- 2Fox Corporation official websitefoxcorporation.com
- 3New York City Human Rights Commission fines Fox Corporation $1 millionnewshounds.us
- 4Smartmatic files defamation suit against Fox entitiesnews24.com
- 5IndyCar与FOX携手Fostering the Future为寄养青年提供奖学金local21news.com
- 6Netflix在Fox员工挖角案中上诉失败theepochtimes.com
- 7福克斯公司宣布收购 Outkickfoxbusiness.com
- 8Fox就FanDuel股权定价对Flutter提起仲裁诉讼igamingbusiness.com
- 9福克斯同意收购Tubitech.sina.com.cn
- 10福克斯宣布收购Tubifinance.sina.com.cn
- 11Fox Corporation完成对西雅图地区电视台的收购fox13seattle.com
- 12Fox 报告第二季度收益增长nexttv.com
- 13Fox Corporation Acquires Tubi Streaming Servicecomingsoon.net
- 14Fox Reports Lower Earnings for 4th Quarternexttv.com
- 15Tubi Acquired By Fox In $440 Million Dealdecider.com
- 16Voting Machine Company Smartmatic Hits Trump Cronies, Fox News With $2.7 Billion Dollar Lawsuitgizmodo.com
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