Fox Corporation
Fox Corporation, also known simply as Fox, is an American multinational mass media company headquartered at 1211 Avenue of the Americas in Midtown Manhattan. Incorporated in Delaware, it was formed as the portion of 21st Century Fox that was not acquired by The Walt Disney Company in 2019. The company is controlled by the Murdoch family via a family trust with 39.6% ownership share, and by Rupert Murdoch himself to the effect of almost 40%.
Some of the key events about Fox Corporation
- 1986Launched the Fox Broadcasting Company, the fourth major television network in the United States
- 1994Acquired broadcasting rights for the National Football League (NFL)
- 1996Launched Fox News Channel, which became a major cable news network
- 1996Launched Fox News, which has been criticized for biased reporting and spreading misinformation
- 2000Acquired a controlling stake in Hughes Electronics, owner of DirecTV
- 2004Aired a controversial segment on "Married by America" that resulted in a $1.2 million FCC fine
- 2007Acquired Dow Jones & Company, including The Wall Street Journal
- 2007Faced criticism for airing violent content in primetime on "24"
- 2011Became embroiled in a phone hacking scandal involving its UK newspaper operations
- 2013Split from News Corporation to form an independent media company
- 2016Faced sexual harassment allegations and lawsuits against executives, leading to high-profile departures
- 2017Agreed to sell most of its entertainment assets to The Walt Disney Company
- 2017Criticized for handling of sexual harassment claims against a top-rated host
- 2018Faced backlash for on-air comments about immigration deemed racist by critics
- 2019Completed the sale of entertainment assets to Disney, focusing on news and sports
- 2019Acquired Credible Labs, expanding into the fintech sector
- 2019Sued by shareholders over the company's handling of sexual harassment cases
- 2020Acquired Tubi, a free ad-supported streaming service, for $440 million
- 2020Downplayed the severity of the COVID-19 pandemic in early coverage
- 2021Faced a $2.7 billion defamation lawsuit from Smartmatic over election fraud claims
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.