Who owns fox news corp

Who owns fox news corp DEFAULT

News Corporation

Media corporation

This article is about the media company that existed from 1980 to 2013. For the companies split off in 2013, see 21st Century Fox and News Corp.

News Corp. logo.svg
1211 Avenue of the Americas.jpg

1211 Avenue of the Americas, the headquarters of News Corporation

FormerlyNews Corporation Limited (1980–2004)
TypePublic

Traded as

Nasdaq: NWSA (Class A)
Nasdaq: NWS (Class B)
ASX: NWS
NASDAQ-100 components
S&P 500 components
S&P/ASX 50 components
IndustryMass media
PredecessorTCF Holdings
Founded
FounderRupert Murdoch
Defunct28 June 2013; 8 years ago (2013-06-28)
FateCorporate spin-off
Successors
Headquarters1211 Avenue of the Americas,

New York City, New York

,

U.S.

Area served

Worldwide

Key people

Rupert Murdoch
(chairman and CEO)
Chase Carey
(president & COO)
ProductsCable network programming, Filmed entertainment, Television, direct-broadcast satellite television, Publishing, and other
DivisionsFox Entertainment Group
Fox Networks Group
SubsidiariesList of assets owned by:
Websitenewscorp.com at the Wayback Machine (archived June 24, 2013)

The original incarnation of News Corporation (abbreviated News Corp.) was an American multinationalmass media corporation operated and owned by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City. Prior to its split in 2013, it was the world's fourth-largest media group in terms of revenue, and News Corporation had become a media powerhouse since its inception, almost dominating the news, television, film and print industries.[3][4][5][6][7]

News Corporation was a publicly traded company listed on NASDAQ. Formerly incorporated in Adelaide, South Australia, the company was re-incorporated under Delaware General Corporation Law after a majority of shareholders approved the move on November 12, 2004. News Corporation was headquartered at 1211 Avenue of the Americas, New York, in the newer 1960s–1970s corridor of the Rockefeller Center complex.

On June 28, 2012, after concerns from shareholders in response to its recent scandals and to "unlock even greater long-term shareholder value", founder Rupert Murdoch announced that News Corporation's assets would be split into two publicly traded companies,[8] one oriented towards media, and the other towards publishing. The corporate spin-off formally took place on June 28, 2013; where the present News Corp. was renamed 21st Century Fox and consists primarily of media outlets, while a new News Corp was formed to take on the publishing and Australian broadcasting assets.

Its major holdings at the time of the split were News Limited (a group of newspaper publishers in Murdoch's native Australia), News International (a newspaper publisher in the United Kingdom, whose properties include The Times, The Sun, and the now-defunct News of the World—which was the subject of a phone hacking scandal that led to its closure in July 2011), Dow Jones & Company (an American publisher of financial news outlets, including The Wall Street Journal), the book publisher HarperCollins, and the Fox Entertainment Group (owners of the 20th Century Fox film studio and the Fox Broadcasting Company—one of the United States' major television networks).

History[edit]

News Corp was created in 1980 by Rupert Murdoch, as a holding company for News Limited. News Limited was created in 1923 in Adelaide by James Edward Davidson, funded by the Collins House mining empire for the purpose of publishing anti-union propaganda;[9][10] subsequently the controlling interest was bought by The Herald and Weekly Times. In 1949, Sir Keith Murdoch took control of The Adelaide News. When he died in 1952, his son Rupert inherited a controlling interest in an Adelaide afternoon tabloid, The News. News Limited operates today as News Corporation's Australian brand, The Australian operating out of Surry Hills, in Sydney.

Expansion into the United States[edit]

News Ltd. made its first acquisition in the United States in 1973, when it purchased the San Antonio Express and News (the two papers merged in 1984).[11] Soon afterwards it founded the National Star, a supermarket tabloid, and in 1976 it purchased the New York Post.

In 1982, News Corp bought a stake of the movie studio 20th Century Fox, buying the other half in 1984. Also in 1984, News Corp bought Travel Weekly and other trade magazines from Ziff Davis.[12] In 1985, News Corp announced it was buying the Metromedia television stations and its syndication arm Metromedia Producers, setting the stage for the launch of a fourth U.S. commercial broadcasting television network. On September 4, 1985, Murdoch became a naturalized citizen to satisfy the legal requirement that only United States citizens could own American television stations. In 1986, the Metromedia deal was completed, and the Fox Broadcasting Company was launched.

Expansion and consolidation[edit]

In 1986 and 1987, News Corp (through subsidiary News International) moved to adjust the production process of its British newspapers, over which the printing unions had long maintained a highly restrictive grip.[13] A number of senior Australian media moguls were brought into Murdoch's powerhouse, including John Dux, who was managing director of the South China Morning Post. This led to a confrontation with the printing unions National Graphical Association and Society of Graphical and Allied Trades. The move of News International's London operation to Wapping in the East End resulted in nightly battles outside the new plant. Delivery vans and depots were frequently and violently attacked.[13] Ultimately the unions capitulated.[citation needed] In 1987, News Corp acquired Harper and Row and merged with British book publisher William Collins, Sons in 1989 to form HarperCollins.

In 1988, News Corp acquired Triangle Publications, publisher of TV Guide, Seventeen, The Atlantic, Playboy, and the Daily Racing Form.[14] To raise money, the trade publications were sold to Reed International.[15]

By 1992, News Corp had gotten huge[clarification needed] debts, which forced it to sell many of the American magazine interests it had acquired in the mid-1980s to K-III Communications, as well spinning off long-held Australian magazines interests as Pacific Magazines. Much of this debt came from its stake in the Sky Television satellite network in the UK, which incurred massive losses in its early years of operation, which (like many of its business interests) was heavily subsidised with profits from its other holdings until it was able to force[citation needed] rival satellite operator BSB to accept a merger on its terms in 1990. (The merged company, BSkyB, has dominated the British pay-TV market since.)

In 1993, News Corp acquired a 63.6% stake of the Hong Kong-based STAR TV satellite network for over $500 million, followed by the purchase of the remaining 36.4% in July 1995.[16][17] Murdoch declared that:[18]

(Telecommunications) have proved an unambiguous threat to totalitarian regimes everywhere ... satellite broadcasting makes it possible for information-hungry residents of many closed societies to bypass state-controlled television channels.

In 1995, the Fox network became the object of scrutiny from the FCC when it was alleged that its Australian base made Murdoch's ownership of Fox illegal. The FCC, however, ruled in Murdoch's favor, stating that his ownership of Fox was in the public's best interests. It was also noted that the stations themselves were owned by a separate company whose chief shareholder was a U.S. citizen, Murdoch, although nearly all of the stations' equity was controlled by News Corp. In the same year, News Corporation announced a deal with MCI Communications to develop a major news website as well as funding a conservative news magazine, The Weekly Standard. In the same year, News Corp launched the Foxtel pay television network in Australia in a partnership with Telstra and Publishing and Broadcasting Limited. On July 17, 1996, News Corporation acquired New World Communications (who acquired a stake in 1994) and was completed on January 22, 1997. In October 1996, the Fox Entertainment Group established the Fox News Channel, a 24-hour Cable News network to compete against Time Warner's rival channel CNN.[19]

In 1999, News Corporation significantly expanded its music holdings in Australia by acquiring the controlling share in a leading Australian-based label, Michael Gudinski's Mushroom Records, merging it with already held Festival Records to create Festival Mushroom Records (FMR). Both Festival and FMR were managed by Rupert Murdoch's son James Murdoch for several years.

Also mid 1999, The Economist reported that News Corp paid comparatively lower taxes and Newscorp Investments specifically had made £11.4 billion ($20.1 billion) in profits over the previous 11 years but had not paid net corporation tax. It also reported that after an examination of the available accounts, Newscorp could normally have been expected to pay corporate tax of approximately $350 million. The article explained that in practice, the corporation's complex structure, international scope and use of offshore tax havens allowed News Corporation to pay minimal[clarification needed] taxes.[20][21]

Development since 2000[edit]

In late 2003, News Corp acquired a 34% stake in DirecTV Group (formerly Hughes Electronics), operator of the largest American satellite TV system, from General Motors for US$6 billion. DirecTV was sold to Liberty Media in 2008 in exchange for its holding in News International.

In January 2005, shortly after reincorporation in the United States, News Corporation announced that it was buying out Fox Entertainment Group.[22] The manoeuvre delisted Fox from the New York Stock Exchange; Fox traded on the NYSE under the ticker FOX.[23]

In 2004, Murdoch set aside $2 billion and handpicked a team of young executives to look at possible ways to use the Web as a distribution platform. That team was composed of four rising stars: Ross Levinsohn, Adam Bain, Travis Katz and Michael Kirby. The four became the backbone of what would become News Corp's digital division, Fox Interactive Media.[24]

Shortly after, in July 2005, News Corporation purchased the social networking website Myspace for $580 million.[25][26] News Corporation had beat out the first incarnation of Viacom by offering a higher price for the website,[27] and the purchase was seen as a good investment at the time.[27] Of the $580 million purchase price, approximately $327 million has been attributed to the value of Myspace according to the financial adviser fairness opinion.[28] Within a year, Myspace had tripled in value from its purchase price.[27]

In February 2007, Murdoch announced at the McGraw-Hill Media Summit that the Fox Entertainment Group would launch a new business news channel later in the year, which would compete directly against rival network CNBC. Murdoch explained that the channel would be more "business-friendly" than CNBC, because he felt that they "leap on every scandal, or what they think is a scandal."[29] In July 2007, News Corp. reached a deal to acquire Dow Jones & Company, owners of The Wall Street Journal, of $5 billion for.[8][30] Despite CNBC already having a contract with Dow Jones to provide content and services to the network, the Fox Entertainment Group officially launched the Fox Business Network on October 15, 2007. Alexis Glick, the network's original morning show host and vice president of business news, indicated that its lawyers had reviewed the details of Dow Jones' contract with CNBC, but noted that it would still "actively use" other Dow Jones properties.[31][32]

In September 2009, News Corp established NewsCore, a global wire service set up to provide news stories to all of News Corp's journalistic outlets.[33]

In April 2010, News Corporation sold Bulgarian broadcaster bTV, which it launched on 1 June 2000, as part of a deal to Central European Media Enterprises (CME) for $400 million in addition to another $13 million for working capital adjustment. The deal included cable channels bTV Comedy and Btv Cinema and News Corporation's 74% stake in Radio Company CJ which included five radio stations.[34]

In September 2010, due to the Fijian government's requirement that the country's media outlet must be 90% owned by Fiji Nationals, News Corporation sold 90% of their stake in their Fijian newspapers (Fiji Times, Nai Lalakai, and Shanti Dut) to Motibhai Group of Companies.[35]

In late February 2011, News Corp officially put the now-struggling Myspace up for sale, which was estimated to be worth $50–200 million.[36] Losses from the last quarter of 2010 were $156 million, over double of the previous year, which dragged down the otherwise strong results of parent News Corp. Its struggles were attributed to the growth of the competing social network Facebook.[37][38] The deadline for bids, May 31, 2011, passed without any above the reserve price of $100 million being submitted.[39] The rapid deterioration in Myspace's business during the most recent quarter had deterred many potent suitors.[37] Later in June, Specific Media and pop singer Justin Timberlake bought the site for $35 million, which CNN reported noted was "far less than the $580 million News Corp. paid for Myspace in 2005."[40] Murdoch went on to call the Myspace purchase a "huge mistake".[41]

On July 13, 2011, Rupert Murdoch announced that the company would withdraw its takeover bid for BSkyB due to concerns relating to the News of the World scandal.[42] News Corporation already owned, and continues to own, 39.1% of BSkyB.

On June 6, 2012, News Corporation announced that it would buy out ESPN Inc.'s stake in ESPN Star Sports to gain full control over the Asia-Pacific sports network.[43] In January 2013, News Corp. attained 54.5% majority control of Sky Deutschland.[44]

On February 4, 2013, News Corporation announced the sale of IGN and its related properties to the publishing company Ziff Davis. News Corp. had planned to spin-off IGN as an independent company, but failed to do so.[45][46]

Scandals[edit]

Main article: 2011 News Corporation scandals

In July 2011, News Corp closed down the News of the World newspaper in the United Kingdom due to allegations of phone hackings. The allegations include trying to access former Prime Minister Gordon Brown's voice mail, and obtain information from his bank accounts, family's medical records, and private legal files. Allegations of hacking have also been brought up in relation to former Prime Minister Tony Blair, and the Royal Family.[47] Other allegations put out by The Guardian newspaper include the exploitation, with intent to gain access to or use private information, of a list of 4,332 names or partial names, 2,987 mobile phone numbers, 30 audio tapes of varying length and 91 PIN codes, of a kind required to access the voicemail of the minority of targets who change the factory settings on their mobile phones.[48] The names are said to include those of British victims of September 11, 2001 terror attacks, family members of victims of the "7/7" bombings on London's transit system, family members of British troops killed overseas, Milly Dowler, a 13-year-old missing British girl who was later found dead, actor Hugh Grant and a lawyer representing the family of Princess Diana's lover at the inquest into her death.[48]

On July 13, 2011, News Corp withdrew its bid to purchase the final 61% stake in BSkyB after pressure from both the Labour and Conservative Parties in Parliament.[49]

Allegations about the violation of ethical standards by the News Corporation subsidiary News of the World have been speculatively applied to News Corporation holdings in the United States. Senator John Rockefeller (D-WV) stated on July 12, 2011, that there should be a government investigation into News Corporation "to ensure that Americans have not had their privacy violated."[50] His statement was echoed on Wednesday[51] by Sen. Robert Menendez (D-NJ), who specifically requested an investigation into 9/11 victims, as well as Sen. Frank Lautenberg (D-NJ) who encouraged an investigation by the Securities and Exchange Commission.[50] On July 13, 2011, Representative Peter King (R-NY) wrote a letter to the FBI requesting an investigation into News Corporation's ethical practices, and on July 14, the FBI opened a probe into the hacking of 9/11 victims.[52] Les Hinton, chief executive of the media group's Dow Jones, resigned on July 15, saying, "I have seen hundreds of news reports of both actual and alleged misconduct during the time I was executive chairman of News International and responsible for the company. The pain caused to innocent people is unimaginable. That I was ignorant of what apparently happened is irrelevant and in the circumstances I feel it is proper for me to resign from News Corp, and apologize to those hurt by the actions of the News of the World."[53]

In 2012, following a BBC Panorama report, allegations were made that News Corp subsidiary NDS Group had used hackers to undermine pay TV rivals around the world. Some of the victims of the alleged hacking, such as Austar, were later taken over by News Corp and others such as Ondigital later went bust. NDS had originally been set up to provide security to News Corp's pay TV interests but emails obtained by Fairfax Media revealed they had also pursued a wider agenda by distributing the keys to rival set-top box operators and seeking to obtain phone records of suspected rivals.[54] The emails were from the hard drive of NDS European chief Ray Adams. In 2012, it was also revealed that Australian Federal police were working with UK police to investigate hacking by News Corp.[55]

Split and 21st Century Fox's eventual sale to Disney[edit]

Main articles: News Corp, 21st Century Fox, The Walt Disney Company, and Fox Corporation

See also: Acquisition of 21st Century Fox by Disney

On June 28, 2012, Rupert Murdoch announced that, after concerns from shareholders in response to the recent scandals and to "unlock even greater long-term shareholder value", News Corporation's assets would be split into two publicly traded companies, one oriented towards media, and the other towards publishing. News Corp's publishing operations were spun out into a present-day News Corporation with Robert James Thomson, editor of The Wall Street Journal, as CEO. The present News Corporation, which retains most of its media properties (such as the Fox Entertainment Group and 20th Century Fox) and Murdoch as CEO, was renamed 21st Century Fox. Murdoch remains chairman for both companies.[56][57][58]

News Corp's post-split logo, based on Rupert Murdoch's personal handwriting.[59]

Shareholders approved the split on June 11, 2013. On June 19, 2013, preliminary trading for the new News Corp on the Australian Securities Exchange commenced in preparation for the formal split that was finalized on June 28, 2013. Shareholders received one share of New News Corp for every four shares they owned of the old News Corp. The two new companies began trading on the NASDAQ on July 1, 2013.[60][61][62] 21st Century Fox and most of its businesses were later acquired by the Walt Disney Company in 2019; its US broadcast, sports, and news assets were spun-off to Fox Corporation which would be retained under Murdoch ownership.

Shareholders[edit]

  • In August 2005, the Murdoch family owned only about 29% of the company of which as of June 2013 had been diluted to around 17%. However, nearly all of these shares were voting shares which currently stand at 39% of the total voting shares, and Rupert Murdoch retained effective control of the company. Nonetheless, John Malone of Liberty Media had built up a large stake, with about half of the shares being voting shares. Therefore, in November 2006, News Corporation announced its intention to transfer its 38.5% interest in DirecTV Group to John Malone's Liberty Media; in return it bought back Liberty's 16.3% stake in News Corp., giving Murdoch tighter control of the latter firm.[63] Murdoch sold 17.5 million class A shares in December 2007.[64]
  • Another major stakeholder has been Al-Waleed bin Talal, of the Saudi Royal Family. In 1997, Time reported that Al-Waleed owned about five percent of News Corporation.[65] In 2010, Alwaleed's stake in News Corp. was about 7 percent, amounting to $3 billion. In 2013, News Corp. had a $175 million (19 percent) investment in Al-Waleed's Rotana Group, the Arab world's largest entertainment company.[66] Al-Waleed sold all his shares in November 2017[67]

Annual conference[edit]

News Corporation organises an annual management conference, discussing media issues related to geopolitics. Attendees include News Corporation executives, senior journalists, politicians and celebrities. Previous events were in Cancún, Mexico, and the Hayman Island off the coast of Australia. The events are private and secretive, there are no records available for the agenda or talks given at the conferences, and no uninvited journalists are permitted access.[68]

The 2006 event in Pebble Beach, California was led by Rupert Murdoch. According to a copy of the agenda leaked to the Los Angeles Times and other media accounts,[69] issues discussed related from Europe to broadcasting and new media, terrorism to the national policy.[70] The event included speeches from Murdoch, Actor and former governor of California Arnold Schwarzenegger, former British Prime Minister Tony Blair, Bono, Al Gore, Senator John McCain and Bill Clinton while Israel's President, Shimon Peres, appeared on a panel named "Islam and the West". Other notable attendees included Newt Gingrich and Nicole Kidman.

Political donations[edit]

In anticipation of US midterm elections, News Corporation donated $1 million to the Republican Governors Association in June 2010. The move was criticised by Democrats, who said this was evidence of News Corporation's news outlets conservative leanings (see Fox News Channel controversies). The Democratic Governors Association also criticised the donation and demanded more transparency in the reporting by News Corporation companies. DGA head Nathan Daschle wrote to the chairman of News Corporation company Fox News, Roger Ailes: "In the interest of some fairness and balance, I request that you add a formal disclaimer to your coverage any time any of your programs covers governors or gubernatorial races between now and election day."[71]

Around the same time, News Corporation also donated $1 million to the United States Chamber of Commerce. The Chamber aggressively supported the Republican effort to retake Congress in 2010.[72] This donation and an earlier $1 million contribution that News Corporation made to the Republican Governor's Association led media critics to question whether the company had crossed an ethical line for a media company.[72]

Corporate governance[edit]

The company's Board of Directors consisted of 16 individuals at the time of its break up:

Office of the chairman[edit]

  • Rupert Murdoch (Chairman and CEO)
  • Chase Carey (President, Chief Operating Officer & Deputy Chairman)
  • David DeVoe (Chief Financial Officer)
  • James Murdoch (Deputy Chief Operating Officer; Chairman and CEO, International)
  • Daniel Suárez García (Chairman and CEO, Latin America)

Final holdings[edit]

News Corporation split up to 21st Century Fox and the current incarnation of News Corporation on June 28, 2013. All media and broadcasting assets, except media assets owned by News Limited, now belong to The Walt Disney Company and Fox Corporation (successors to 21st Century Fox), its legal successors. Meanwhile, newspapers and other publishing assets, including media assets under News Limited, were spun off as a new News Corp.

Music and radio[edit]

Sport[edit]

Studios[edit]

TV[edit]

News Corp agreed to sell eight of its television stations to Oak Hill Capital Partners for approximately $1.1 billion as of December 22, 2007. The stations are US Fox affiliates.[74] These stations, along with those already acquired by Oak Hill that were formerly owned by The New York Times Company, formed the nucleus of Oak Hill's Local TV LLC division.

Broadcast[edit]

Satellite television[edit]

  • BSkyB, United Kingdom & Ireland (39.1% holding). In practice, a controlling interest.
  • Sky Network Television, New Zealand (44%)
  • Sky Italia (100%), Italy's largest pay TV service (previously owning part of Stream TV)
  • Sky Deutschland (54.5%), Germany's largest pay TV provider
  • Tata Sky (30%), an Indian DirectToHome TeleVision Service Provider. (in partnership with Tata Group (70%))
  • Foxtel (25%), Australia, a joint venture with Telstra (50%) and Consolidated Media Holdings (25%)
  • FOX Italy, Italian Broadcast and Production Company (with 2 HDTV)
  • Star TV Channels (Satellite TeleVision Asian Region), an Asian satellite TV service having 300 million viewers in 53 countries, mainly in India, China & other Asian countries
  • Phoenix Television (17.6%), satellite TV network with landing rights in Hong Kong, and select provinces on Mainland China.

Cable[edit]

Cable TV channels owned (in whole or part) and operated by News Corporation include:

  • Fox Business Network, a business news channel.
  • Fox Classics, a channel airing classic TV shows and movies
  • Fox Classics (Japan)
  • Fox Sports & Entertainment/Fox BS238
  • Fox Movie Channel, an all-movie channel that airs commercial-free movies from 20th Century Fox's film library
  • Fox News Channel, a 24-hour news and opinion channel
  • Fox Sports Networks, a chain of US regional cable news television networks broadcasting local sporting events linked together by national sports news programming. Local channels include "Fox Sports Southwest", "Fox Sports Detroit", etc. (some affiliates are owned by Cablevision.)
  • Fox College Sports, a college sports network consisting of three regionally aligned channels, mostly with archived Fox Sports Net programmes but also some live and original content.
  • Fox Sports International
  • FX Networks, a cable network broadcasting reruns of programming previously shown on other channels, but recently creating its own programming, including the Emmy Award-winning programmes The Shield and Damages.
  • SPEED
  • FUEL TV
  • Big Ten Network, cable and satellite channel dedicated to The Big Ten Conference, launched August 2007 (49%)
  • National Geographic Channel (joint venture with National Geographic Society) 67%
  • National Geographic Channel International 75%
  • Nat Geo Mundo (joint venture with National Geographic Society)
  • Nat Geo Wild (joint venture with National Geographic Society)
  • YES Network (49%),[75] regional cable sports network; broadcasts New York Yankees and Brooklyn Nets games, among other teams.
  • Fox International Channels, domestic cable channels offering different formats of Fox programming in over thirty countries worldwide.
  • Central & South America
  • Australia

PLATFORMS

  • India
    • Hathway Cable & Datacom (22.2%), India's 2nd largest cable network through 7 cities including Bangalore, Chennai, Delhi, Mumbai & Pune
  • Taiwan
    • Total TV (20%), a pay TV platform with JV partner KOO's Group majority owner (80%). News Corp also has a 20% interest in the KOO's Group directly.

Internet[edit]

  • News Corp. Digital Media
    • Foxsports.com – website with sports news, scores, statistics, video and fantasy sports
    • Hulu (27%) – online video streaming site in partnership with NBCUniversal and Disney.
    • Flektor – provides Web-based tools for photo and video editing and mashups.
    • Slingshot Labs – web development incubator (Includes the sites DailyFill).
    • Strategic Data Corp – interactive advertising company which develops technology to deliver targeted internet advertising.
    • Scout.com[76]
    • WhatIfSports.com – sports simulation and prediction website. Also provides fantasy-style sports games to play.
  • Indya.com[77] – 'India's no. 1 Entertainment Portal'
  • ROO Group Inc (5% increasing to 10% with performance targets)
  • News Digital Media
  • Move, Inc (80%)
    • realtor.com – United States online real estate portal with up to date and accurate listings[88]
    • move.com
    • listhub.com
    • Doorsteps
    • Tigerlead
    • Moving.com
    • Top Producer
    • Reesio
    • Relocation.com
    • SeniorHousingNet.com
  • REA Group (60.7%)
    • Realestate.com.au
    • Business Services s.r.l.[89] Access our internationalization service opens to endless proposals and possibilities of rooting in markets around the world.
    • Casa.it[90] (69.4%), Sky Italia also holds a 30.6% share
    • atHome group, operator of leading realestate websites in Luxembourg, France, Belgium and Germany.
      • Altowin (51%), provider of office management tools for realestate agents in Belgium.
    • Propertyfinders.com[91] (50%), News International holds the remaining 50%
      • Sherlock Publications, owner of hotproperty.co.uk portal and magazine titles 'Hot Property', 'Renting' and 'Overseas'
      • ukpropertyshop.co.uk, most comprehensive UK estate agent directory.
    • PropertyLook, property websites in Australia and New Zealand.
    • HomeSite.com.au[92] home renovation and improvement website.
    • Square Foot Limited, Hong Kong's largest English Language property magazine and website
      • Primedia – Holding co. of Inside DB, a Hong Kong lifestyle magazine.
  • TadpoleNet Media[93] (10%) Hosts of ArmySailor.com[94]
  • New Zealand
  • Storyful[96]
  • Unruly[97]

Other assets[edit]

Books[edit]

Newspapers[edit]

  • Australia published by News Limited.
  • Fiji
  • Papua New Guinea
  • UK and Ireland newspapers, published by subsidiaries of News International Ltd.
  • US newspapers and magazines
    • The New York Post
    • Dow Jones & Company
      • Consumer Media Group
      • Enterprise Media Group
        • Dow Jones Newswires – global, real-time news and information provider.
        • Factiva – provides business news and information together with content delivery tools and services.
        • Dow Jones Indexes – stock market indexes and indicators, including the Dow Jones Industrial Average.
        • Dow Jones Financial Information Services – produces databases, electronic media, newsletters, conferences, directories, and other information services on specialised markets and industry sectors.
        • Betten Financial News – leading Dutch language financial and economic news service.
      • Local Media Group
        • Ottaway Community Newspapers – 8 daily and 15 weekly regional newspapers.
      • STOXX (33%)- joint venture with Deutsche Boerse and SWG Group for the development and distribution of Dow Jones STOXX indices.
      • Vedomosti (33%) – Russia's leading financial newspaper (joint venture with Financial Times and Independent Media).
      • SmartMoney
    • The Timesledger Newspapers of Queens, New York:
      • Bayside Times, Whitestone Times, Flushing Times, Little Neck Ledger, Jamaica Times, Astoria Times, Forest Hills Ledger
    • The Courier-Life Newspapers in Brooklyn
    • The Brooklyn Paper
    • Caribbean Life
    • Flatbush Jewish Journal

Magazines[edit]

  • U.S.A.
  • Australia
    • Alpha Magazine
    • Australian Country Style
    • Australian Golf Digest
    • Australian Good Taste
    • Big League
    • BCME
    • Delicious
    • Donna Hay
    • Fast Fours
    • GQ (Australia)
    • Gardening Australia
    • InsideOut (Aust)
    • Lifestyle Pools
    • Live to Ride
    • Notebook
    • Overlander 4WD
    • Modern Boating
    • Modern Fishing
    • Parents
    • Pure Health
    • Super Food Ideas
    • Truck Australia
    • Truckin' Life
    • twowheels
    • twowheels scooter
    • Vogue (Australia)
    • Vogue Entertaining & Travel
    • Vogue Living
  • UK

See also[edit]

References[edit]

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  2. ^Fabrikant, Geraldine (April 7, 2004). "Market Place; News Corp. Plans to Follow Its Chief to the United States". The New York Times. Retrieved March 27, 2010.
  3. ^"Forbes". Forbes. Retrieved April 1, 2015.
  4. ^"Fortune". CNN. Retrieved May 20, 2010.
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  6. ^Siklos, Richard (February 9, 2009). "Why Disney wants DreamWorks". CNN. Retrieved May 20, 2010.
  7. ^"News Corporation – Annual Report 2007". Newscorp.com. June 30, 2007. Archived from the original on June 29, 2011. Retrieved July 11, 2011.
  8. ^ ab"Uh-oh! Looks like your site is down". www.bowmanandcompany.com.au.
  9. ^Reed, Jason. "The secret history of News Corp: a media empire built on spreading propaganda". The Conversation. Retrieved January 31, 2021.
  10. ^Merrett, D.T. "Collins House". eMelbourne. School of Historical & Philosophical Studies, The University of Melbourne. Retrieved January 31, 2021.
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  12. ^Wayne, Leslie (November 22, 1984). "Murdoch Buys 12 Ziff Publication". The New York Times. ISSN 0362-4331. Retrieved July 21, 2018.
  13. ^ abRevolution on Fleet Street, Time magazine, August 21, 1996.
  14. ^Eichenwald, Kurt (August 8, 1988). "THE MEDIA BUSINESS; Murdoch Agrees to Buy TV Guide In a $3 Billion Sale by Annenberg". The New York Times. ISSN 0362-4331. Retrieved July 21, 2018.
  15. ^Fabrikant, Geraldine (May 6, 1989). "Murdoch to Sell Travel Businesses". The New York Times. ISSN 0362-4331. Retrieved July 21, 2018.
  16. ^Palmer, Rhonda (July 27, 1993). "Murdoch catches rising Star". Variety.
  17. ^Shenon, Philip (August 23, 1993). "THE MEDIA BUSINESS; Star TV Extends Murdoch's Reach". The New York Times.
  18. ^George Monbiot (April 22, 2008). "The most potent weapon wielded by the empires of Murdoch and China". The Guardian. London. Retrieved July 11, 2011.
  19. ^Mifflin, Lawrie (September 5, 1996). "Fox Presents Its Lineup for News Channel". The New York Times.
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Sours: https://en.wikipedia.org/wiki/News_Corporation

All About Them 

This is an American mess media organization called Fox Corporation located in New York City, was formed in 2019 after the 21th Century Fox was acquired by The Walt Disney Company, they haven’t acquired the assets and this led to being split off or hived off from 21th Century Fox and became the Fox Corp. They started to trade stocks at the beginning of January 2019. The Murdoch family owns the organization through the family trust with an interest of 39.6%.  Today’s article explains Who owns Fox Corporation?

The chairman position belongs to Rupert Murdoch while the position of executive chairman and CEO belongs to his son Lachlan Murdoch. The Fox Corporation produces content in television broadcast, news, and sports broadcast. They include compelling content with Fox Broadcasting Company, Fox Television Stations, Fox News, Fox Business, Fox Sports, and many more. These are the iconic brands with cultural significance for the consumers along with eh importance for distributors and advertisers. 

Their content involves an engagement with the acridines, makes the development of consumer relationships, and provides product offerings. They maintain a record of news, sports, and entertainment industry success to create strategies to capitalize on their strength and to make investments in new projects. They are an entertainment organization, they produce news, sports, and entertainment content and make it through distribution via television networks, telecommunication organizations, broadcast satellite, and online videos.  

History 

In December 2017, The Walt Disney Company decided to acquire 21th Century Fox’s divisions which are motion picture, cable entertainment, and direct broadcast satellite. What remains has formed a New Fox so that the assets to be maintained like Fox’s television network and broadcast stations, Fox News, the national operations of Fox Sports, and the 20th Century Fox studio. For seven years it was leased to Disney.

In May 2018, Lachlan Murdoch wanted to take over and be in charge of New Fox Company instead of James Murdoch. Disney legally doesn’t own ABC and Fox networks because of antitrust scrutiny and with the policy of FCC which is called the dual network rule, this is a prohibition of mergers between the top broadcast networks. There were orders from the Department of Justice for Fox’s regional networks to be combined with ESPN and this made The Walt Disney Company very dominant in the cable sports sector. 

In the year 2018, NBCUUniversal’s parent organization Comcast initiated bidding over, Fox and Sky plc were involved. Disney purchased assets from Fox and Sky plc is a British broadcaster, 21th Century wanted to purchase what was remaining of the organization. The offer from Disney was increased to about $71.3 billion to get out of the counter-bid. A bind auction was ordered by Sky plc to take control of the assets and later was on by Comcast. 

21st Century Fox

21st Century Fox is an American mass media corporation located in New York City, Midtown Manhattan, it was formed from one of the organizations of a spin-off that publishes assets of News Corporation. The founder was Rupert Mordoch during the year 1980. They deal with the film and television industries, making them the fourth-largest media conglomerate, and then they were acquired by The Walt Disney Company in 2019. 

Currently, the company deals with print media, social media, and other media assets in Australia, it was owned by him with his family’s trust of 39%. The organization’s assets are Fox Entertainment Groups who were the owners of 20th Century Fox films studio for the reason of the organization’s partial namesake. 

21st Century Fox’s primary focus was media and broadcasting properties which were owned by the predecessor for example the Fox Entertainment and Star India. The properties of New Corporation broadcasting like Foxtel and Fox Sports Australia. It remained as a part of the News Corp Australia, which is an organization that was renamed as a spin-off of the News Corp’s current incarnation and is no longer a part of the 21st Century Fox. 

Who is their competition? 

This is a media organization, they provide video streaming services with over-the-top sports (OTT). Their services involve streaming sports events from their original program along with other various properties. The organization was launched in August 2016 in many locations such as Austria, Germany, Switzerland, Japan, and Canada. For the next few years, they launched in America, Italy, Spain, and Brazil. In December 2022, they made expansion available in more than 200 countries around the world. 

Kevin A Mayer also known as the former chairman of The Walt Disney Company got into the position of chairman of DAZN during 2021. This is when James Rushton and Shay Segev have been appointed as Co-CEOs. In 2016, there was an establishment for sports media organization called Perform Group, most of them are owned by Access Industries once again the ownership belongs to Deezer and Warner Music Group. 

This is an American organization called The Wall Street Journal or The Journal, they provide newspapers and are based in New York City. They also provide international editions such as Chinese and Japanese. Dow Jones & Company, a division of News Corp publishes the  Asian edition six days a week. They publish the newspaper in the format of a broadsheet and online platform. 

From the start of July 1889, the organization has been printing its newspapers, published by Charles Dow, Edward Jones, and Charles Bergstresser. They publish news and lifestyle magazines called WSJ, which were expanded to twelve issues during 2014. They have an online version launched in the year 1996 and only the subscribers have access. The Wall Street Journal is known for its circulation of about 2.834 million copies since August 2019. 

This is an American organization called The New York Times who provides newspapers, they were founded in 1851 in New York City from then they have won 130 Pulitzer Prizes and has been named as “newspaper of records”, they also have been ranked 18th in the world by circulation and 3rd in America. The organization is owned by the New York Company and was governed by the Sulzberger family in 1896. 

From the 1970s, New York Times made the expansion on their layouts and the company, they even added special weekly sessions of various topics to add along with the news, editorial, sports, and features. From the year 2008, the sections of the newspaper were organized into sections like News, Editorials/Opinions journalism, columns/Op-Ed, Business, Sports, Arts, Science, and many more features. 

  1. MSNBC 

This is an American organization of subscription television they are owned by the NBCUniversal News Group which is a division of NBCUniversal. They provide NBC News coverage and their reports and political commentary for current news. The company and its website were founded in 1996 with the partnership of Microsoft and General Electric’s NBC. Despite having the same name, msnbc.com and MSNBC separately keep their maintenance of corporate structures and news operations. The headquarters of msnbc.com is located at the Microsoft campus in Washington, Redmond as the headquarters of MSNBC is located in New York City. 

A multinational news-based organization called CNN or the Cable News Network is located in Atlanta, United States founded in 1980. The organizations are owned by CNN Worldwide which is a unit of the Warner Media News and Sports division of AT&T’s WarneMedia. The American media proprietor Ted Turner and a 24-hour news channel Reese Schonfeld are the founders of CNN. During their launch in the year 1980, CNN became the first television channel providing 24-hour news coverage and also became the first news channel in the entire country. The company has aired via CNN International in 212 countries around the world. 

Who owns Fox Corporation? 

The ownership of Fox Corporation belongs to the Murdoch family, they are known as being famous media proprietors in countries from Australia to the United Kingdom, and the United States. Some of the members of the family are even famous in the arts, clergy, and military in Australia. For five family generations are the descends of Scotlands and Australia. 

Rupert Murdoch from the third generation is a major international media proprietor and has control of News Corp and Fox Corporation assets. His career as media proprietor started in 1952, with his father’s stake in News Limited that was being inherited. He started to make acquisitions in America in 1973, this is when he purchased the San Antonio Express-News and right then he became a founding member of an American supermarket tabloid Star, he also purchased the New York Post during 1976. 

Rupert Murdoch acquired London Times in 1981 and also purchased some of the sake from 20th Century Fox during 1984 which is now a free free-to-air vision network in America. To satisfy the legal requirements for American citizens owning television stations Murdoch became a citizen of the US in 1985 and had to forfeit his Australian citizenship. 

In conclusion, I would like to say newspapers in American started in the 17th century. The publication of the first colonial newspaper was by James Franklin, who is Benjamin Franklin’s older brother, the first person to make a news sheet.

Sours: https://howigotjob.com/parent-company/who-owns-fox-corporation/
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  • Sharri Berg

    President, FOX Weather

  • Porter Berry

    Executive Vice President & Editor in Chief, FOX News/FOX Business Digital

  • Irena Briganti

    Senior Executive Vice President, Corporate Communications

  • Jeff Collins

    Executive Vice President, Advertising Sales

  • Meade Cooper

    Executive Vice President, Primetime Programming

  • John Fiedler

    Executive Vice President, Digital Product and Technology, FOX News Media and Fox Corporation

  • John Finley

    Executive Vice President, FOX Nation and Development

  • Bernard T. Gugar

    General Counsel and Executive Vice President, Corporate Development

  • Tom Lowell

    Executive Vice President and Managing Editor of News

  • Lauren Petterson

    President, FOX Business and Talent Development

  • Jason Klarman

    President, FOX Nation and Executive Vice President, Marketing

  • Kevin Lord

    Executive Vice President, Human Resources, Fox Corporation and FOX News

  • Warren Vandeveer

    Executive Vice President, Technical Operations and Engineering

  • Sours: http://press.foxnews.com/
    Fox, News Corp. would merge ideally, but years away: Rupert Murdoch

    Fox News is owned by 21st Century Fox. That is a global video brand comprising FOX, National Geographic, FOX News, FOX Sports, FX, Star India, Hulu, and Sky, owned by the Murdoch family, which retains most of the controlling power. On June 2018, 21st Century Fox has accepted Disney’s acquisition of its assets for $71.3 billion, for the film studio and TV assets. Yet a lawsuit from Fox shareholders has halted the acquisition process. 

    100-business-models-book-fourweekmba

    Contents

    What is 21st Century Fox?

    As explained in its 2017 annual report:

    Twenty-First Century Fox, Inc. (formerly known as News Corporation), a Delaware corporation, is a diversified global media and entertainment company with operations in the following segments:

    (i) Cable Network Programming;FOX News and Fox Business Network. FOX News owns and operates the FOX News Channel, FSN. Fox Sports Net, Inc. (“FSN, Inc.”) is the largest regional sports network (“RSN”) programmer in the United States, FS1. FS1 is a multi-sport national video programming network, FS2. FS2 is a multi-sport national video programming network featuring live events from UFC and NASCAR, Big Ten Network, National Geographic Partners (The National Geographic Channels,

    (ii) Television; 

    • Fox Television Stations, LLC (“Fox Television Stations”) owns and operates 28 full power stations, including stations located in nine of the top ten largest designated market areas (“DMAs”). Fox Television Stations owns and operates duopolies in 11 DMAs, including the three largest DMAs, New York, Los Angeles and Chicago.

    fox-television-network

    Apparently, Fox Television Stations can reach up to 37.3% of US households.

    • MyNetworkTV The programming distribution service, Master Distribution Service, Inc. (branded as MyNetworkTV), distributes two hours per night, Monday through Friday, of off-network programming from Twentieth Television and other third party syndicators to its licensee stations. As of June 30, 2017, MyNetworkTV had license and delivery agreements covering 191 stations, including 10 stations owned and operated by the Company, reaching approximately 98% of U.S. households.

    (iii) Filmed Entertainment; Motion Picture Production and Distribution One of the world’s largest producers and distributors of motion pictures, Twentieth Century Fox Film (“TCFF”) produces, acquires and distributes motion pictures throughout the world under a variety of arrangements. 

    And (iv) Other, Corporate and Eliminations.

    The Other, Corporate and Eliminations segment consists primarily of corporate overhead and eliminations.

    Century 21st equity interests

    Century 21st also holds equity interest in:

    Sky: The Company holds an approximate 39% interest in Sky. Sky’s ordinary shares are listed on the London Stock Exchange under the symbol “SKY”. Sky is the UK’s leading entertainment and communications provider, operating the most comprehensive multichannel, multi-platform pay television service in the UK, Ireland, Germany, Austria and Italy.

    Hulu: The Company has an approximate 30% equity interest in Hulu, LLC (“Hulu”) which operates subscription-based services that offer: (i) both linear and on-demand video programming and (ii) on-demand only video programming

    Endemol Shine Group: The Company and funds managed by Apollo Global Management, LLC (“Apollo”) formed a joint venture in December 2014 to which the Company contributed its interests in Shine Group and cash, comprising an aggregate carrying value of approximately $830 million. The Company and Apollo have an equal ownership interest in the joint venture. Endemol Shine Group, a global multi-platform content provider, has creative operations across all the world’s major markets, with a diverse portfolio, both scripted and non-scripted, coupled with digital, gaming, and distribution operations.

    Tata Sky: The Company holds an approximate 20% direct interest and an approximate 10% indirect economic interest in Tata Sky Limited which owns and operates a DTH platform in India.

    Century 21st revenue breakdown

    21st-century-financials

    – The Company’s revenues increased 4% for fiscal 2017, as compared to fiscal 2016, primarily due to higher affiliate fee, advertising and other revenues partially offset by lower content revenue. The increase in affiliate fee revenue was primarily attributable to higher average rates per subscriber at the domestic channels. The increase in advertising revenue was primarily due to the broadcast of Super Bowl LI in February 2017, higher ratings and pricing at Fox News Channel (“Fox News”) and the broadcast of the Major League Baseball (“MLB”) World Series, which benefited from higher ratings and two additional games. Partially offsetting these increases in advertising revenue were lower entertainment advertising revenue at both FOX and the Company’s television stations due to lower entertainment ratings at FOX as compared to fiscal 2016, which included the final season of American Idol. The increase in other revenues was primarily due to the acquisition of the publishing, travel and certain other businesses (the “NGS Media Business”) in November 2015 from the National Geographic Society (See Note 3 – Acquisitions, Disposals and Other Transactions to the accompanying Consolidated Financial Statements of Twenty-First Century Fox under the heading “National Geographic Partners”). The decrease in content revenue was primarily attributable to lower worldwide theatrical and home entertainment revenues from motion pictures partially offset by higher subscription video-on-demand (“SVOD”) and network and syndication revenues. The 4% revenue increase is net of a decrease of approximately $220 million due to the strengthening of the U.S. dollar against local currencies for fiscal 2017, as compared to fiscal 2016.

    21st-century-fox-financials-equity-interests

    revenues-by-segments-operations

     Who owns Century 21st Fox?

    According to the proxy statement dated November 15th, 2017:

    shareholders-century21st

    The Murdoch family via their trust and Rupert Murdoch have most of the voting power.

    We can also look at the compensation for the top management:

    compensation-top-management-century21st-fox

    The total compensations comprise a base salary, stock awards, and non-equity incentive plans. In 2017, Rupert Murdoch earned more than $29 million.

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    Sours: https://fourweekmba.com/who-owns-fox-news/

    Fox who corp owns news

    How Rupert Murdoch Became a Media Tycoon

    At the age of 22, Rupert Murdoch inherited a chain of Australian newspapers following the death of his father in 1952. Fifteen years after taking over the family business and following a series of acquisitions, Murdoch had amassed a portfolio of newspapers worth more than $50 million.

    Today, Murdoch is one of the most influential people in the media industry, with business interests that span television broadcasting and entertainment content to newspapers and book publishing. The two empires that he built over the last six decades—News Corp (NWS) and Fox Corporation (FOX)—own well-established media properties that operate in five continents including The Wall Street Journal, Fox News, HarperCollins, and the New York Post.

    According to Forbes' 2020 list of wealthiest Americans, Rupert Murdoch and his family rank number 28 with an estimated net worth of $17.1 billion. Here's how Murdoch turned a small family newspaper company into two separate multibillion-dollar media conglomerates.

    Key Takeaways

    • A native of Australia and a naturalized U.S. citizen, Rupert Murdoch began building his media empire in 1952 when he inherited the family newspaper company.
    • Murdoch is credited for creating the modern tabloid, encouraging his newspapers to publish human interest stories focused on controversy, crime, and scandals.
    • Murdoch's media empire includes Fox News, Fox Sports, the Fox Network, The Wall Street Journal, and HarperCollins.
    • In March 2019, Murdoch sold the majority of 21st Century Fox's entertainment assets to the Walt Disney Company for $71.3 billion.

    Inheriting a Newspaper Company

    Murdoch's path to entrepreneurial success started at an early age when he was exposed to the ins and outs of journalism. In Jerome Tuccille’s book Rupert Murdoch: Creator of a Worldwide Media Empire, Murdoch explained, “I was brought up in a publishing home, a newspaper man's home, and was excited by that, I suppose. I saw that life at close range and, after the age of ten or twelve never really considered any other."

    His father, Sir Keith Murdoch, took control of News Corp Australia, known as News Limited at the time, in 1949. The company was originally founded in 1923 by James Edward Davidson, and it published a handful of popular newspapers in Australia.

    Shortly after graduating from Oxford University in the United Kingdom, Rupert Murdoch inherited the business following the unexpected death of his father. Before returning to Australia, he took on an apprenticeship role at the Daily Express in London. There he developed a better understanding of the entire operations of a regular newspaper. Murdoch became the managing director of News Corp Australia at the age of 22. 

    Selling Controversy

    Murdoch did not take long to implement changes to the newspapers he had taken over. Once referred to as the inventor of the ''modern tabloid'' by The Economist, his newspapers began to focus on more eye-catching headlines that principally centered around stories of scandal and controversy. This new approach to journalism resulted in a spike in the circulation of his papers.

    Expanding Through Global Acquisitions

    Murdoch's newspaper holdings grew over time as a result of multiple acquisitions. In 1956, he purchased The Sunday Times, a newspaper distributed in Western Australia, four years after he bought a failing daily newspaper in Sydney called The Mirror. Under Murdoch's management, the paper became the region's most circulated afternoon newspaper. When Murdoch was 34, he founded Australia's first national daily newspaper, The Australian.

    Murdoch began to expand his business interest outside of Australia in 1968. He moved to the United Kingdom and acquired several tabloids including the News of the World and The Sun. He then moved to the United States in 1973 and once again conducted a series of acquisitions. His first purchase was the San Antonio News, followed by the Star in 1974. Later in his career, he bought New York magazine, the Chicago Sun-Times, and The Times of London, which was founded in 1785.

    Harper & Row, a book publishing company, became part of the News Corp family in 1987. News Corp acquired another book publisher, Collins, a couple of years later. Both publishers were subsequently merged and formed HarperCollins.

    Murdoch made his biggest purchase when he bought Wall Street Journal parent company, Dow Jones, in 2007 for $6 billion, ending a century of ownership by the wealthy Bancroft family. Under Murdoch, the Journal has shifted away from focusing exclusively on business and now has become more of a general-interest publication. 

    One of Murdoch's first major U.S. acquisitions was his purchase of the New York Post, which he bought in 1976 and subsequently sold for a profit in 1988; he repurchased the Post in 1993 and has owned it since.

    Television

    In 1981, Marc Rich and Marvin Davis bought 20th Century FOX Film Corporation. Rich was indicted with more than 60 counts of criminal charges that ranged from tax evasion and wire fraud to trading with Iran during an oil embargo. As a result, he fled the United States as a fugitive. Murdoch seized that opportunity and acquired Rich's stake in the company in 1984 for $250 million. He later purchased Davis’s remaining interest in FOX for another $325 million. Murdoch also bought a number of independent television stations. These companies later came together to form the Fox Broadcasting Company. Fox is also responsible for a few cable channels, including FX and FXX. 

    In 1988, Murdoch announced that he was planning to launch a television network in the United Kingdom. Those plans became a reality on Feb. 5, 1988, when Sky News went live. Until 1997, Sky News was the only 24-hour news broadcasting station in Britain. Since its inception, the company has burned through a lot of money, most of which was financed with debt from a number of banks. In an effort to mitigate the company’s losses, Murdoch agreed to merge Sky News with British Satellite Broadcasting to form BSkyB in November 1990. BSkyB, now Sky UK Limited, became the largest digital subscription television company in the United Kingdom. As of 2018, Murdoch sold his interest in Sky UK to media giant Comcast.

    The Bottom Line

    Rupert Murdoch is the heavyweight champion in the world of journalism and media. He built his empire primarily by conducting a series of strategic acquisitions around the world. As the son of a successful and highly respected media proprietor, Murdoch grew up knowing that he would follow in his father's footsteps.

    He spent the majority of his life expanding and diversifying the business interests of the newspaper company he inherited. For decades Murdoch has used his conglomerate News Corp to acquire a number of internationally recognizable media brands. He has had a tremendous amount of success with purchasing failing news companies and turning them around. Murdoch also built the broadcasting giant, 21st Century Fox, from scratch, and was responsible for creating the Fox News Channel, the dominant cable news network in the United States.

    In March 2019, Murdoch's empire got a bit smaller. Walt Disney Company (DIS) announced it had successfully completed its merger with 21st Century Fox, a deal valued at $71.3 billion. Disney acquired a wide range of Fox's entertainment assets, including Fox's movie and TV studios, a library of films such as Avatar and X-Men, along with a slew of popular TV productions such as The Simpsons and Modern Family. Disney also acquired Fox's networks, including National Geographic, and gained a controlling interest in streaming service Hulu. After the merger, a new company was formed, Fox Corp, comprised of the assets not included in the Disney acquisition—Fox News, Fox Network, Fox Sports, and the Fox TV stations.

    Sours: https://www.investopedia.com/articles/investing/083115/how-rupert-murdoch-became-media-tycoon.asp
    Fox and the Big Lie: Trump returns to campaign trail amid 'stolen election' lawsuits - Four Corners

    Fox Corporation

    American mass media company, successor to 21st Century Fox

    This article is about the television broadcasting company. For the company prior to the spin off and acquisition by The Walt Disney Company, see 21st Century Fox.

    The Fox Corporation (stylized in all-caps as the FOX Corporation)[5] is an American mass media company operated and owned by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City. The company was formed in 2019 as a result of the acquisition of 21st Century Fox by The Walt Disney Company; the assets that were not acquired by Disney were spun off from 21st Century Fox as the new Fox Corp., and its stock began trading on January 1, 2019.[6][7][8] The company is incorporated in Delaware.

    It is owned by the Murdoch family via a family trust with 39.6% ownership share;[9]Rupert Murdoch is chairman, while his son Lachlan Murdoch is executive chairman and CEO. Fox Corp. deals primarily in the television broadcast, news, and sports broadcasting industries. They include the Fox Broadcasting Company, Fox Television Stations, Fox News, Fox Business, the national operations of Fox Sports, and others. Its sister company under Murdoch's control, the present-day News Corp, holds his print interests and other media assets.

    History[edit]

    The company name traces back through a series of mergers and demergers to the Fox Film Corporation founded by William Fox on February 1, 1915.[10]

    Formation[edit]

    On December 14, 2017, The Walt Disney Company announced its intent to acquire the motion picture, cable entertainment, and direct broadcast satellite divisions of 21st Century Fox. The remainder of the company would form a so-called "New Fox", maintaining control of assets such as Fox's television network and broadcast stations, Fox News, the national operations of Fox Sports, and the 20th Century Fox studio lot, which would be leased to Disney for seven years. Fox's regional sports networks were to be included in the sale to Disney.[11][12] In May 2018, it was confirmed that Lachlan Murdoch, rather than James Murdoch, would take charge of the New Fox company.[2]

    The merger faced antitrust scrutiny; Disney would not legally be able to own both the ABC and Fox networks due to an FCC policy known as the "dual network rule", which prohibits mergers between the top broadcast networks.[13] The Department of Justice also ordered that Fox's regional sports networks be divested by Disney within 90 days of closing. Disney owns 80% of ESPN, and the Justice Department felt that the Fox regional networks' combination with ESPN would make Disney too dominant in the cable sports market.[14][15]

    In mid-2018, NBCUniversal's parent company Comcast instigated bidding wars over both the Fox assets Disney planned to purchase, and the British broadcaster Sky plc (a company which 21st Century Fox held a stake in, and was planning to acquire the remainder). In July 2018, Fox agreed to an increase of Disney's offer to $71.3 billion to fend off Comcast's counter-bid.[16][17] British regulators ordered that a blind auction be held for Sky's assets, which was won by Comcast.[18]

    On October 10, 2018, it was reported that in preparation for the impending completion of the sale, the new, post-merger organizational structure of "New Fox" would be implemented by January 1, 2019.[3] On November 14, 2018, it was revealed that the new independent company will maintain the original Fox name.[19] On January 7, 2019, Fox Corporation's registration statement was filed by the U.S. Securities and Exchange Commission.[20]

    On January 11, 2019, Fox stated in a securities filing that it had no plans to bid on its former regional sports networks;[6] they would instead go to a consortium led by Sinclair Broadcast Group, with Fox Corporation continuing to license the FSN name to those stations until Sinclair developed a new brand (the networks would eventually become Bally Sports).[21] On March 12, 2019, Disney announced that the sale would be completed by March 20, 2019.[22] On March 19, 2019, Fox Corporation officially began trading on the S&P 500, replacing 21st Century Fox on the index.[8] Republican politician and former Speaker of the HousePaul Ryan also joined Fox Corporation's board at this time.[1]

    Under the terms of the acquisition, Disney will phase out Fox brand usage by 2024.[23]

    Beginning of operations[edit]

    Fox Corporation began operating separately on March 18, 2019.[1] Chairman and CEO Lachlan Murdoch led a town hall meeting three days later, indicating that stock would be issued to the corporation's employees based on longevity.[24]

    In May 2019, via the Fox Sports division, Fox Corporation acquired a 4.99% stake in Canadian online gambling operator The Stars Group for $236 million. As a result, it was also announced that the companies would co-develop sports betting products for the U.S. market under the branding Fox Bet.[25]

    In early July 2019, Fox Entertainment announced the formation of SideCar, with executives led by Gail Berman. SideCar is a content development unit for Fox and other outlets.[26]

    In August 2019, Fox Corporation announced it would acquire Credible Labs for $397 million and animation studio Bento Box Entertainment for $50 million.[27][28][29]

    In April 2020, Fox Corporation acquired streaming service Tubi for $440 million.[30][31]

    In September 2021, Fox Corporation announced that it acquired TMZ from WarnerMedia in a deal worth about $50 million with TMZ being operated under the Fox Entertainment division.[32]

    Corporate governance[edit]

    Ambox current red Asia Australia.svg

    This section needs to be updated. Please help update this article to reflect recent events or newly available information.(September 2021)

    Board of directors[edit]

    Executive management[edit]

    • Lachlan Murdoch (Executive Chairman and Chief Executive Officer)[24]
      • John Nallen (Chief Operating Officer)
      • Viet D. Dinh (Chief Legal and Policy Officer)
      • Steve Tomsic (Chief Financial Officer)
      • Jack Abernethy (Chief Executive Officer, Fox Television Stations)[37]
      • Michael Biard (President of Operations and Distribution)
      • Paul Cheesbrough (Chief Technology Officer and President of Digital)
      • Charlie Collier (Chief Executive Officer, Fox Entertainment)[38]
        • Amy Carney, Chief Operating Officer
        • Michael Thorn, President of Entertainment
        • Rob Wade, President, Alternative Entertainment and Specials
      • Joe Dorrego (Chief Investor Relations Officer and EVP of Corporate Initiatives)
      • Marianne Gambelli (President of Advertising Sales)[37]
      • Kevin Lord (Executive Vice President of Human Resources)
      • Danny O'Brien (Executive Vice President and Head of Government Relations)
      • Suzanne Scott (Chief Executive Officer, Fox News Media)
      • Eric Shanks (Chief Executive Officer and Executive Producer, Fox Sports)
      • Jeff A. Taylor (Executive Vice President and Chief Litigation Counsel)
      • Claudia Teran (Executive Vice President and Corporate General Counsel)

    Assets[edit]

    References[edit]

    1. ^ abcdeLittleton, Cynthia; Steinberg, Brian (March 18, 2019). "Fox Corporation Emerges as Standalone Entity, Paul Ryan Joins Board". Variety. Retrieved March 19, 2019.
    2. ^ abcdDisis, Jill (May 16, 2018). "Lachlan Murdoch, not James, will lead New Fox company". CNN. Archived from the original on May 17, 2018. Retrieved May 17, 2018.
    3. ^ abHolloway, Daniel (October 10, 2018). "Fox Will Be Ready to Close Disney Deal Jan. 1, Says Peter Rice (EXCLUSIVE)". Variety. Archived from the original on October 11, 2018. Retrieved November 21, 2018.
    4. ^"EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2019"(PDF). Fox Corporation (Press release). New York, NY. August 7, 2019. Retrieved October 2, 2019.
    5. ^"About Us". Fox Corporation. Retrieved September 22, 2021.
    6. ^ abLittleton, Cynthia (January 11, 2019). "Fox Confirms It Won't Bid on Disney's Regional Sports Networks". Variety. Retrieved January 11, 2019.
    7. ^"21st Century Fox Announces Pricing Of Senior Notes By Fox Corporation". January 15, 2019. Archived from the original on February 2, 2019. Retrieved February 1, 2019.
    8. ^ abChang, Sue (March 14, 2019). "Fox Corp. to replace Twenty-First Century Fox on S&P 500". MarketWatch. Retrieved March 19, 2019.
    9. ^Viet, Dinh (November 12, 2020). "2020 Notice of Meeting and Proxy Statement (Page 63)". Fox Corporation | INVESTOR RELATIONS. p. 63.
    10. ^Post Staff Report (February 10, 2010). "Is Fox really 75 this year? Somewhere, the fantastic Mr. (William) Fox begs to differ". New York Post. Retrieved January 22, 2020.
    11. ^James, Meg (June 28, 2013). "News Corp. divides into two companies; 21st Century Fox is born". Los Angeles Times. ISSN 0458-3035. Retrieved April 19, 2019.
    12. ^Littleton, Cynthia; Steinberg, Brian (December 14, 2017). "Disney to Buy 21st Century Fox Assets for $52.4 Billion in Historic Hollywood Merger". Variety. Retrieved February 8, 2018.
    13. ^Gardner, Eriq (December 12, 2018). "FCC Reviewing Rule Prohibiting Mergers Among Big Four Broadcast Networks". The Hollywood Reporter. Retrieved March 19, 2019.
    14. ^Littleton, Cynthia (June 27, 2018). "Justice Department Approves Disney's Acquisition of 21st Century Fox With Divestiture of Regional Sports Networks". Variety. Retrieved June 27, 2018.
    15. ^"Disney wins US antitrust approval to buy Fox assets". CNBC. June 27, 2018. Retrieved June 27, 2018.
    16. ^Brodkin, Jon (June 20, 2018). "Sorry, Comcast: Fox and Disney sign new merger deal, rejecting Comcast bid". Ars Technica. Retrieved June 20, 2018.
    17. ^Lee, Edmund (June 20, 2018). "Disney Ups Its Bid for 21st Century Fox to $71.3 Billion". The New York Times. ISSN 0362-4331. Retrieved April 19, 2019.
    18. ^Waterson, Jim (June 26, 2018). "Rupert Murdoch's Sky reign to end as Fox sells all shares to Comcast". The Guardian. ISSN 0261-3077. Retrieved September 27, 2018.
    19. ^Donnelly, Matt (November 14, 2018). "Official Name of New Fox Is, Uh, Fox – and Other Takeaways From Annual Stockholders Meeting". Variety. Archived from the original on November 14, 2018. Retrieved November 15, 2018.
    20. ^Chmielewski, Dawn (January 7, 2019). "21st Century Fox Files Registration Statement With SEC To Form 'New' Fox". Deadline Hollywood. Retrieved January 7, 2019.
    21. ^Wilen, Holden (August 26, 2019). "Sinclair CEO see 'massive opportunity' with rebranding of Fox sports networks". Baltimore Business Journal. Retrieved October 21, 2019.(subscription required)
    22. ^Littleton, Cynthia (March 12, 2019). "Disney Sets March 20 Closing Date for 21st Century Fox Acquisition". Variety. Retrieved March 15, 2019.
    23. ^"FISCAL YEAR 2020 ANNUAL FINANCIAL REPORT"(PDF). The Walt Disney Company. p. 79. Retrieved October 2, 2021.
    24. ^ abOtterson, Joe; Holloway, Daniel (March 21, 2019). "New Fox CEO Lachlan Murdoch Announces All Employees to Receive Stock in Company". Variety. Retrieved July 9, 2019.
    25. ^Soshnick, Scott; Novy-Williams, Eben (May 8, 2019). "Fox buys US$236M Stars Group stake to enter betting market". BNN Bloomberg. Retrieved October 2, 2019.
    26. ^ abLow, Elaine (July 8, 2019). "SideCar, Fox Entertainment's Content Development Accelerator, Names Exec Team". Variety. Retrieved July 9, 2019.
    27. ^ abDuran, Paulina (August 5, 2019). "Murdoch's Fox Corp to buy fintech Credible Labs in $397 million deal". Reuters. Retrieved August 5, 2019.
    28. ^ abAndreeva, Nellie (August 6, 2019). "Fox Entertainment Acquires 'Bob's Burgers' Animation House Bento Box". Deadline Hollywood. Retrieved August 6, 2019.
    29. ^Flint, Joe (August 6, 2019). "Fox to Buy Bento Box, the Animation House Behind 'Bob's Burgers'". Wall Street Journal. Retrieved November 9, 2019.
    30. ^ abBaysinger, Tim (March 17, 2020). "Fox Buys Ad-Supported Streaming Service Tubi in $440 Million Cash Deal". TheWrap. Retrieved March 17, 2020.
    31. ^Goldsmith, Jill (April 20, 2020). "Fox Closes Purchase Of Tubi In Day Of Streaming Deals". Deadline Hollywood. Retrieved April 22, 2020.
    32. ^Hayes, Dade (September 13, 2021). "Fox Entertainment Closes Acquisition Of TMZ From WarnerMedia". Yahoo!. Retrieved September 13, 2021.
    33. ^Ellingson, Annlee (March 19, 2019). "New era begins at Fox Corp. with Paul Ryan, Chase Carey on board". American City Business Journals]]. Retrieved September 30, 2021.
    34. ^ abTurner, Ashley (March 19, 2019). "Former House Speaker Paul Ryan joins board of Fox News' parent company". CNBC. Retrieved September 30, 2021.
    35. ^ ab"2019 Notice of Annual Meeting of Stockholders and Proxy Statement". Fox Corporation. September 23, 2019. Retrieved September 30, 2021.
    36. ^Prang, Allison; Mullin, Benjamin (March 19, 2019). "New Fox Begins Trading, Names New Directors Including Paul Ryan". The Wall Street Journal. Retrieved September 30, 2021.
    37. ^ abLafayette, Jon (October 2, 2018). "'New Fox' Announces Top Executive Appointments". Broadcasting & Cable. Retrieved March 8, 2019.
    38. ^ abcdeHolloway, Daniel (October 19, 2018). "Charlie Collier Named Fox Entertainment CEO; Gary Newman Exits". Variety. Retrieved July 9, 2019.
    39. ^Flint, Joe (September 13, 2021). "Fox Acquires Celebrity News Specialist TMZ From AT&T's WarnerMedia". Wall Street Journal. Retrieved September 13, 2021.
    40. ^Duprey, Rich (December 3, 2020). "Flutter Entertainment Ups Stake in FanDuel to 95%". The Motley Fool. Retrieved December 10, 2020.

    External links[edit]

    Sours: https://en.wikipedia.org/wiki/Fox_Corporation

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    Sours: https://www.npr.org/2021/03/30/982713877/fox-corp-ceo-lachlan-murdoch-heads-to-australia-as-fox-news-struggles


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