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Fox Corporation
Fox Corporation was formed in 2019 when the Walt Disney Company acquired most of 21st Century Fox's assets for $71.3 billion, leaving behind the...
Fox Corporation
Fox Corporation was formed in 2019 when the Walt Disney Company acquired most of 21st Century Fox's assets for $71.3 billion, leaving behind the broadcast, news, and sports properties that became the standalone Fox Corp. The company is controlled by the Murdoch family, who hold approximately 42% of voting power through Class B shares (per the firm's 2023 proxy statement). Rupert Murdoch serves as Chairman Emeritus, while his son Lachlan Murdoch is CEO and Executive Chair. Fox Corp. operates across three primary segments: Cable Network Programming (Fox News Media, Fox Sports, Fox Entertainment), Television (the Fox Broadcasting Company, 28 local TV stations), and Other (including Tubi, the ad-supported streaming service acquired in 2020). The company owns professional sports rights including NFL, MLB, and college football, and produces content through Fox Entertainment Studios, MarVista Entertainment, and TMZ. Fox News remains the highest-rated cable news channel in the US (per Nielsen, 2024). The company employs roughly 10,000 people globally, with headquarters in Los Angeles and major operations in New York, Atlanta, and Charlotte. Fox Corp. has no disclosed AUM as a family office proxy; its market capitalization was approximately $17 billion as of mid-2024 (per public filings). The Murdoch family's broader investment vehicle, which holds their non-Fox assets, is operated separately through entities like the Murdoch Family Trust. Fox Corporation's structural differentiator is its dual-class share structure that gives the Murdoch family voting control despite holding a minority economic stake. This governance model — common among media dynasty firms — insulates management from activist investor pressure and allows long-term strategic bets, such as the $440 million acquisition of Tubi in 2020, which expanded the company's digital footprint without dilution of family control.
General information
Firm type
Corporation
Year founded
2019
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Los Angeles
Corporate office
Los Angeles, CA, United States
Principals
Lachlan Murdoch
Executive Chair and Chief Executive Officer
John Nallen
Chief Operating Officer
Sector focus
Frequently asked questions
Who controls Fox Corporation, and how does the Murdoch family maintain influence?
The Murdoch family controls Fox Corporation through a dual-class share structure. Class B shares, held largely by the Murdoch Family Trust, carry 10 votes per share versus one vote per share for Class A stock. As of the 2023 proxy statement, the family holds roughly 42% of voting power despite owning a smaller economic stake. Rupert Murdoch is Chairman Emeritus, and his son Lachlan Murdoch serves as Executive Chair and CEO.
How is Fox Corporation different from a typical family office?
Fox Corporation is a publicly traded operating company (NASDAQ: FOXA), not a family office. It does not manage third-party capital or function as an investment vehicle. The Murdoch family's wealth is concentrated in this publicly traded stock, but the broader family office — which holds other assets like real estate, private investments, and philanthropic structures — is separate and operates outside the public company.
What are Fox Corporation's main revenue sources?
Fox Corp. generates revenue primarily from advertising and affiliate fees across its Cable Network Programming segment (Fox News, Fox Sports, Fox Entertainment) and Television segment (Fox Broadcasting, local stations). In fiscal 2024, affiliate fees comprised roughly 40% of revenue, with advertising contributing the rest. Tubi, the free ad-supported streaming service, adds a growing digital ad revenue stream.
Does Fox Corporation invest in external funds or direct deals like a family office?
No — Fox Corporation is an operating media company, not an asset manager. It does not make fund commitments or co-investments in the family-office sense. The company's capital allocation is focused on content production, sports rights acquisition, and strategic M&A (e.g., the Tubi acquisition in 2020). Any private investment activity by the Murdoch family is conducted through separate vehicles not part of Fox Corp.
How was Fox Corporation created?
Fox Corporation was formed as a spin-off after the Walt Disney Company acquired 21st Century Fox's entertainment assets — including film studios, FX, National Geographic, and Fox's stake in Sky — for $71.3 billion in March 2019. The remaining assets — Fox News, Fox Sports, the Fox broadcast network, and local TV stations — were spun off into a new publicly traded entity, Fox Corporation.
What investment stages or asset classes does Fox Corporation operate in?
Fox Corporation operates solely in media and entertainment, not across multiple asset classes. Its investment is concentrated in sports and news rights, content production (through Fox Entertainment Studios and MarVista), and digital platforms (Tubi, TMZ). It does not allocate to private equity, venture capital, real estate, or credit as part of its core business.
How is the Murdoch family's wealth managed outside Fox Corporation?
The Murdoch family's personal wealth — including real estate, art, private equity stakes, and philanthropic assets — is managed through separate structures, such as the Murdoch Family Trust and the Murdoch Foundation. These are not part of Fox Corporation. Lachlan and Rupert Murdoch also hold significant stakes in News Corp (NASDAQ: NWSA), another publicly traded entity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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