Fox Corporation in the context of "Rupert Murdoch"

New York City has been called the media capital of the world. The media organizations based in New York City are internationally influential and include some of the most important newspapers, largest publishing houses, biggest record companies, and most prolific television studios in the world. It is a major global center for the book, magazine, music, newspaper, and television industries. A 2019 Pew Research Center report found that 12 percent of all U.S. newsroom employees live in New York City, disproportionately higher than the 7 percent of the U.S. working-age population that lives in New York City.

New York is also the largest media market in North America (followed by Los Angeles, Chicago, and Toronto). Some of the city's media conglomerates include CNN (CNN Global), the Hearst Corporation, NBCUniversal, The New York Times Company, the Fox Corporation and News Corp, the Thomson Reuters Corporation, and Warner Bros. Discovery. Seven of the world's top eight global advertising agency networks are headquartered in New York. Three of the "Big Four" record labels are also headquartered or co-headquartered in the city. One-third of all American independent films are produced in New York. More than 200 newspapers and 350 consumer magazines have an office in the city and the book-publishing industry employs about 25,000 people.

The second and current incarnation of News Corporation, doing business as News Corp, is an American mass media and publishing company headquartered at 1211 Avenue of the Americas in Midtown Manhattan, New York City. The company was formed on June 28, 2013, as a spin-off of the first News Corporation, whose legal successor was 21st Century Fox, which held its media and entertainment assets. Operating across digital real estate information, news media, book publishing, and cable television, News Corp's notable assets include: Dow Jones & Company, which is the publisher of The Wall Street Journal; News UK, publisher of The Sun and The Times; News Corp Australia; REA Group, operator of realestate.com.au and realtor.com; and book publisher HarperCollins.

News Corp and 21st Century Fox are two companies that succeeded the original News Corp., which included Fox Entertainment Group and other broadcasting and media properties. The spin-out was structured so that 21st Century Fox was the legal continuation of the original News Corporation, with the new News Corp being a new company formed by a stock split. Since March 2019, Fox Corporation, which holds 21st Century Fox's national broadcasting, news and sports assets, is also under the Murdoch family's control. In September 2023, Rupert Murdoch announced he would step down as News Corp's chairman by November.

The acquisition of 21st Century Fox by The Walt Disney Company was announced on December 14, 2017, and was completed on March 20, 2019. Among other key assets, the acquisition included the 20th Century Fox film and television studios, U.S. cable channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu. Most remaining assets (including the Fox Broadcasting Company, Fox Television Stations, Fox News Channel, Fox Business, Fox Sports 1 and 2, Fox Deportes, and the Big Ten Network), which were excluded from the deal, were spun off into a new company called Fox Corporation on March 19, 2019 (a day before the acquisition was completed). Other 21st Century Fox assets such as the Fox Sports Networks and Sky were divested and sold off to Sinclair and Comcast, respectively.

Concentration of media ownership, also known as media consolidation or media convergence, is a process wherein fewer individuals or organizations control shares of the mass media. Research in the 1990s and early 2000s suggested then-increasing levels of consolidation, with many media industries already highly concentrated where a few companies own much of the market. However, since the proliferation of the Internet, smaller and more diverse new media companies maintain a larger share of the overall market. As a result, many of the references below on this page are of declining relevance in comparison to the influence of digital media companies such as Meta, ByteDance or X.

Globally, some of the largest media conglomerates include Bertelsmann, National Amusements (Paramount Global), Sony Group Corporation, News Corp, Comcast, The Walt Disney Company, Warner Bros. Discovery, Fox Corporation, Hearst Communications, Amazon (Amazon MGM Studios), Grupo Globo (South America), and Lagardère Group.

The Dallas Renegades are a professional American football team based in Frisco, Texas. The Renegades compete in the United Football League (UFL). The team was founded as the Dallas Renegades by Vince McMahon's Alpha Entertainment, before being renamed to the Arlington Renegades by current owners and operators by Alpha Acquico, controlled by actor Dwayne Johnson, and Fox Corporation. The name reverted to the Dallas Renegades ahead of the 2026 UFL season. The Renegades play their home games at Toyota Stadium, having previously played at Choctaw Stadium in Arlington.

In 2023, The Renegades had a regular season record of 4–6, yet they won both of their playoff games, and were crowned XFL Champions. They were part of the XFL/USFL merger in 2024.

The Fox News Channel (FNC), commonly known as Fox News, is an American multinational conservative news and political commentary television channel and website based in New York City. Owned by the Fox News Media subsidiary of Fox Corporation, it is the most-watched cable news network in the United States, and as of 2023 it generates approximately 70% of its parent company's pre-tax profit. The channel broadcasts primarily from studios at 1211 Avenue of the Americas in Midtown Manhattan. Fox News provides service to 86 countries and territories, with international broadcasts featuring Fox Extra segments during advertising breaks.

The channel was created by Australian-born American media mogul Rupert Murdoch in 1996 to appeal to a conservative audience, hiring former Republican media consultant and CNBC executive Roger Ailes as its founding CEO. It launched on October 7, 1996, to 17-million cable subscribers. Fox News grew during the late 1990s and 2000s to become the dominant United States cable news subscription network. By September 2018, 87-million U.S. households (91% of television subscribers) could receive Fox News. In 2019, it was the top-rated cable network, averaging 2.5-million viewers in prime time. Murdoch, the executive chairman since 2016, said in 2023 that he would step down and hand responsibilities to his son, Lachlan. Suzanne Scott has been the CEO since 2018.

Vilmos Fried (German: Wilhelm Fuchs; January 1, 1879 – May 8, 1952), known professionally as William Fox, was a Hungarian-American film industry executive who founded the Fox Film Corporation in 1915 and the Fox West Coast Theatres chain in the 1920s. Although he lost control of his film businesses in 1930, his name was used by 20th Century Fox (now part of The Walt Disney Company) and continues to be used in the trademarks of the present-day Fox Corporation, including the Fox Broadcasting Company, Fox News, Fox Sports, and Foxtel.

Lachlan Keith Murdoch (born 8 September 1971) is a British-born Australian and American businessman and mass media heir. He is the son of the media tycoon Rupert Murdoch. He is the executive chairman of Nova Entertainment, chairman of News Corp, executive chairman and CEO of Fox Corporation. In 2025, Murdoch's net wealth was estimated at A$3.21 billion, as published in the Financial Review Rich List.