The Fox Corporation (abbreviated Fox Corp. and informally "New Fox") is an American television broadcasting company headquartered in Midtown Manhattan, New York City. It was formed from the 2019 acquisition of 21st Century Fox (itself formed from the 2013 split of News Corporation) by the Walt Disney Company. Fox Corp. was spun off from 21st Century Fox and its stock began trading on March 19, 2019. It is owned by the Murdoch family via a family trust with 39% interest; Rupert Murdoch is co-executive chairman, while his son Lachlan Murdoch is chairman and CEO.
Fox Corp. deals primarily in the television broadcast, news, and sports broadcasting industries by way of the remaining 21st Century Fox assets that were not acquired by Disney. They include the Fox Broadcasting Company, Fox Television Stations, Fox News, the Fox Business Network, 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 in Australia.
Headquarters of Fox Corporation on 1211 Avenue of the Americas
|Predecessor||21st Century Fox|
|Founded||March 19, 2019|
|Headquarters||1211 Avenue of the Americas, |
New York City, New York,
|Footnotes / references|
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 Channel, and the national operations of Fox Sports, among other assets. Fox's regional sports networks were to be included in the sale to Disney. In May 2018, it was confirmed that Lachlan Murdoch, rather than James Murdoch, would take charge of the New Fox company.
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. The Department of Justice also ordered that Fox's regional sports networks be divested by Disney within 90 days of closing. Disney owns 80 percent 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.
In mid-2018, Comcast instigated bidding wars over both the 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. British regulators ordered that a blind auction be held for Sky's assets, which would be won by Comcast.
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. On November 14, 2018, it was revealed that the new independent company will maintain the original Fox name.
On January 11, 2019, Fox stated in a securities filing that it had no plans to bid on its former regional sports networks.
On March 12, 2019, Disney announced that the sale would be completed by March 20, 2019. On March 19, 2019, Fox Corporation officially began trading on the S&P 500, replacing 21st Century Fox on the index. Republican politician and former Speaker of the House Paul Ryan also joined Fox's board at this time.
1211 Avenue of the Americas (also known as the News Corp. Building) is an International style skyscraper in Midtown Manhattan, New York City. Formerly called the Celanese Building, it was completed in 1973 as part of the Rockefeller Center extension, that started in the late 1950s with the Time-Life Building. The Celanese Corporation would later move to Dallas, Texas. Currently, 1211 is owned by an affiliate of Beacon Capital Partners, and leasing is managed by Cushman & Wakefield, Inc., of which the Rockefeller Group was once a major shareholder. The structure has a simple slab-like shape devoid of any decoration; its prosaic façade consisting of vertical alternating limestone and glass stripes. The façade stone piers are supernumerary; there are twice as many of them as structurally necessary. The glass bands are continuous and offer no indication of floor levels. These features ably create the visual lack of scale, so the tower does not look overly bulky.21st Century Fox
Twenty-First Century Fox, Inc., doing business as 21st Century Fox (21CF), was an American multinational mass media corporation that was based in Midtown Manhattan, New York City. It was one of the two companies formed from the 2013 spin-off of the publishing assets of News Corporation, as founded by Rupert Murdoch in 1980.
21st Century Fox was the legal successor to News Corporation dealing primarily in the film and television industries. It was the United States' fourth-largest media conglomerate until its acquisition by the Walt Disney Company in 2019. The other company, the present-day News Corporation, holds Murdoch's print interests and other media assets in Australia (both owned by him and his family via a family trust with 39% interest in each). Murdoch was co-executive chairman, while his sons Lachlan Murdoch and James Murdoch were co-executive chairman and CEO, respectively.
21st Century Fox's assets included the Fox Entertainment Group—owners of the 20th Century Fox film studio (the company's partial namesake), the Fox television network, and a majority stake in National Geographic Partners—the commercial media arm of the National Geographic Society, among other assets. It also had significant foreign operations, including the prominent Indian television channel operator Star India. The company ranked No. 109 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.On July 27, 2018, 21st Century Fox shareholders agreed to sell the majority of its assets to Disney for $71.3 billion. The sale covered the majority of 21CF's entertainment assets, including 20th Century Fox, FX Networks, and National Geographic Partners among others. Following a bidding war with Fox, Sky plc (a British media group which Fox held a stake in) was acquired separately by Comcast, while Fox's FSN regional sports networks was sold to Sinclair Broadcast Group to comply with antitrust rulings. The remainder, consisting primarily of the Fox and MyNetworkTV networks, and Fox's national news and sports operations, were spun out into a new company, Fox Corporation, which began trading on March 19, 2019. Disney's acquisition of 21CF was closed on March 20 after which the remaining 21CF's assets were scattered across the divisions of Disney.Acquisition of 21st Century Fox by Disney
The acquisition of 21st Century Fox by The Walt Disney Company took place on March 20, 2019. Among other key assets, the acquisition included the 20th Century Fox film and television studios, Fox Television Group (along with cable channels such as FX), international networks, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu. Immediately preceding the acquisition, 21st Century Fox spun off the Fox Broadcasting Company, Fox Television Stations, Fox News Channel, the Fox Business Network, FS1, FS2, Fox Deportes and the Big Ten Network into the newly-formed Fox Corporation.Comcast (parent company of NBCUniversal) made its own offer on June 13, 2018, a $65 billion all-cash proposal to acquire the Fox assets that Disney was set to purchase. This touched off a major bidding war between the two companies. A week later, Disney counterbid with a $71.3 billion offer. Comcast officially dropped its bid on July 19 to focus on acquiring Sky plc.Big Ten Network
The Big Ten Network (BTN) is an American sports network based in Chicago, Illinois. The channel is dedicated to coverage of collegiate sports sanctioned by the Big Ten Conference, including live and recorded event telecasts, news, analysis programs, and other content focusing on the conference's member schools. It is a joint venture between Fox Sports and the Big Ten, with Fox Corporation as 51% stakeholder and operating partner, and the Big Ten Conference owning a 49% stake. It is headquartered in the former Montgomery Ward & Co. Catalog House building at 600 West Chicago Avenue in Chicago.Big Ten Network is carried by most major television providers and as of 2014, had an estimated 60 million U.S. subscribers—a number had been boosted by the addition of Rutgers University and the University of Maryland to the conference.Big Ten Network was the second U.S. sports network to be devoted to a single college sports conference, having been preceded by the MountainWest Sports Network one year prior to its launch. BTN was later followed by Pac-12 and SEC cable channels with a similar array of programming.Chris-Craft Industries
Chris-Craft Industries, Inc., formerly National Automotive Fibers, Inc., was a publicly held American corporation that was traded on the New York and Pacific Stock Exchanges. In 1962, the company adopted the name of one of its acquisitions, Chris-Craft Boats, which was founded in the late 19th century and became famous for mahogany-hulled powerboats in the 1920s through the 1950s.Fox (channel)
Fox is a brand name used by a number of different television channels throughout the world, all owned and/or licensed by Walt Disney Direct-to-Consumer & International, a division of The Walt Disney Company; except for Fox8 which owned by Foxtel. It shares its name with now-former affiliate Fox Broadcasting Company, a US television property owned by Fox Corporation.Fox Business Network
Fox Business Network (also known as Fox Business) is an American pay television business news channel that is owned by the Fox News Group division of Fox Corporation. The network discusses business and financial news. Day-to-day operations are run by Kevin Magee, executive vice president of Fox News; Neil Cavuto manages content and business news coverage. As of February 2015, Fox Business Network is available to approximately 74,224,000 pay television households (63.8% of households with television) in the United States.Fox Deportes
Fox Deportes (formerly Fox Sports en Español) is an American pay television network dedicated to broadcasting sports-related programming in Spanish, aimed at the Hispanic population in the United States. Launched in 1996, Fox Deportes, a division of Fox Sports, is the first and longest-running Spanish-language sports network in the country.
Fox Deportes features a diversified programming, including NFL pre and post-season games, MLB regular-season, All-Star Game, Divisional Series, National League Championship Series and World Series, the USGA's U.S. Open, NASCAR, Premier Boxing Champions, college football and soccer competitions including Liga MX, MLS, and Bundesliga.
The channel first launched as Fox Sports Americas in 1996, before transitioning to Fox Sports World en Español in 1997. In 2002, the network was relaunched as Fox Sports en Español before becoming Fox Deportes in 2010.As of February 2015, approximately 21,831,000 American households (18.8% of households with television) received Fox Deportes.Fox Film
The Fox Film Corporation was an American company that produced motion pictures, formed by William Fox on February 1, 1915. It was the corporate successor to his earlier Greater New York Film Rental Company and Box Office Attractions Film Company.
The company's first film studios were set up in Fort Lee, New Jersey, but in 1917, William Fox sent Sol M. Wurtzel to Hollywood, California to oversee the studio's new West Coast production facilities, where the climate was more hospitable for filmmaking. On July 23, 1926, the company bought the patents of the Movietone sound system for recording sound onto film.
After the Crash of 1929, William Fox lost control of the company in 1930, during a hostile takeover. Under new president Sidney Kent, the new owners merged the company with Twentieth Century Pictures to form 20th Century Fox in 1935.Fox News Talk
Fox News Talk is a satellite radio channel that showcases talk shows and news reports from Fox News Channel personalities, along with other Fox News and talk programming. Fox News Talk carries a combination of Fox News syndicated radio programming, Fox News Channel show audio simulcasts, and Fox newscasts at the top of the hour.
Fox News Radio programs carried include shows hosted by Brian Kilmeade (9 a.m. to 12 p.m. E.T.), Todd Starnes (12 p.m. to 3 p.m. E.T.) and Tom Shillue (3 p.m. to 6 p.m. E.T.). Each show is repeated late nights and on weekends.
The radio show hosted by Sean Hannity, which predates the formation of the Fox News radio division, is not carried by Fox News Talk. Premiere Radio Networks produces and distributes the show, heard on satellite radio via Sirius XM Patriot Channel 125. The same was true of Glenn Beck's show during his time with Fox News Channel. Beck's show is currently heard on Sirius XM's "Triumph" Channel 132.Fox Sports
Fox Sports is the brand name for a number of sports channels, broadcast divisions, programming, and other media around the world that are either controlled or partially owned by the family of Rupert Murdoch, or companies called Scream Factory and Shout! Factory. These assets are held mainly by Fox Corporation, with the exception of the operations in Australia, which are part of News Corp Australia. (21st Century Fox and News Corp are the two companies resulting from the breakup of the larger News Corporation in mid-2013; the Murdoch family retains voting control of both entities.)
The name originates from the Fox Broadcasting Company in the United States, which in turn was derived from the name of the Fox Film Corporation (later 20th Century Fox). The Fox Sports name has since been used in New Fox's and News Corp's other sports media assets around the world.
On December 14, 2017, The Walt Disney Company announced plans to acquire 21st Century Fox (Fox Sports' parent) for $52.4 billion; this will include key assets such as 20th Century Fox, FX Networks, National Geographic Partners, its regional sports networks, and its international networks. The Fox television network, Fox News Channel, and the non-regional Fox Sports assets (Fox Sports 1 and 2 (FS1 and FS2) cable channels, and the part of Fox Sports attached to the Fox television network) will be spun off into an independent company run by the Murdoch family.Fox Sports 2
Fox Sports 2 (FS2) is an American sports-oriented pay television channel that is owned by the Fox Sports Media Group, a unit of Fox Corporation. The channel is based at the Fox Sports division's headquarters in the Westwood section of Los Angeles, California.
The network was founded as Fuel TV on July 1, 2003, focusing on the culture of extreme sports, including skateboarding, snowboarding, wakeboarding, motocross, surfing, BMX and FMX. The network's prominence expanded further with the introduction of UFC mixed martial arts programming to its lineup in 2012 as part of a wider deal with Fox Sports. On August 17, 2013, Fuel TV was rebranded as Fox Sports 2, refocusing primarily as an overflow channel for the newly launched mainstream sports network Fox Sports 1. The relaunch of Fuel TV as FS1's sister network received little advanced promotion.As of January 2016, approximately 50,836,000 households (43.674 percent of households with TV) receive Fox Sports 2.Fox Television Stations
Fox Television Stations, LLC (FTS; alternately Fox Television Stations Group, LLC), is a group of television stations located within the United States which are owned-and-operated by the Fox Broadcasting Company, a subsidiary of the Fox Corporation.
FTS produced the first 25 seasons of Fox's program COPS (through Fox Television Stations Productions), until it moved to Spike (now Paramount Network) in the 2013-14 season. It also oversees the MyNetworkTV service and has a half-interest in the Movies! digital subchannel network, which is shared with Weigel Broadcasting.List of programs broadcast by Fox Business
This is a list of programs broadcast by Fox Business Network (FBN). Fox Business is an American cable and satellite business news television channel that was launched on October 15, 2007. It is owned by the Fox News Group division of Fox Corporation, and the network discusses business and financial news.Movies!
Movies! is an American free-to-air television network that is owned as a joint venture between Weigel Broadcasting and the Fox Television Stations subsidiary of Fox Corporation. The network's programming emphasizes feature films. The network's programming and advertising operations are based in Weigel Broadcasting's headquarters on North Halsted Street in Chicago, Illinois.
It is available in several markets through digital subchannel affiliations with free-to-air television stations, as well as through carriage on pay television providers through a local affiliate of the network. Movies! provides programming 24 hours a day and broadcasts in the 16:9 widescreen picture format, available in either standard definition or high definition depending on the station's preference.
The network competes with two similarly formatted broadcast networks: This TV (originally operated by Weigel in a joint venture with Metro-Goldwyn-Mayer, until the former's operational stake was taken over by Tribune Broadcasting on November 1, 2013) and GetTV (owned by Sony Pictures Entertainment); feature films compose the primary source and children's programming the ancillary source of programming on both networks, though This TV also broadcasts classic television series. However unlike This TV and GetTV, Movies! does not edit the films aired to make room for more commercials. A notation in the Movies! title card stating no film alterations is aired at the beginning of every film broadcast.MyNetworkTV
MyNetworkTV (unofficially abbreviated as MyTV, MyNet, MNT or MNTV), is an American television network/syndication service that is owned by Fox Corporation, operated by its Fox Television Stations division, and distributed through the syndication structure of 20th Television. MyNetworkTV began operations on September 5, 2006 with an initial affiliate lineup covering about 96% of the country, most of which consisted of stations that were former affiliates of The WB and UPN that did not join the successor of those two networks, The CW. Under the ownership structure of Fox Corporation, the service is incorporated as a subsidiary company known as Master Distribution Service, Inc.On September 28, 2009, following disappointment with the network's results, MyNetworkTV dropped its status as a television network and transitioned into a programming service, similar to Ion Television, relying mainly on repeats of recent broadcast and cable series.Fox Corporation retained MyNetworkTV after the acquisition of 21st Century Fox by The Walt Disney Company was completed on March 20, 2019.News Corp (2013–present)
News Corporation (officially referred to and trading as News Corp) is an American mass media and publishing company, formed as a spin-off of the original News Corporation (as founded by Rupert Murdoch in 1980) focusing on newspapers and publishing.
It is one of two companies which succeeded the former News Corporation, alongside 21st Century Fox—which consisted of the old News Corporation's broadcasting and media properties, such as Fox Entertainment Group. The spin-out was structured so that 21st Century Fox would be the legal successor and continuation of the old News Corporation, with the new News Corp being an entirely new company formed by a stock split. Following the acquisition of 21st Century Fox's motion picture, television and cable assets by the Walt Disney Company on March 20, 2019, Fox Corporation, which is the News Corp's sister company and the successor of former 21st Century Fox that focused on American broadcasting, news and sports businesses, also owned and controlled by the Murdoch family.
Its notable assets include Dow Jones & Company (publisher of The Wall Street Journal), News UK (publisher of The Sun and The Times), News Corp Australia, Realtor.com as well as book publisher HarperCollins.News Corporation
News Corporation or News Corp may refer to:
News Corporation (1980–2013), an American multinational mass media corporation operated and owned by media mogul Rupert Murdoch
21st Century Fox (2013–2019), the legal successor to the original News Corporation
Fox Corporation (2019–present), the legal successor to 21st Century Fox
News Corp (2013–present), a new company spun off from the original News Corporation
News Corp Australia, the Australian subsidiary of News Corp
News UK, the British subsidiary of News CorpSpeed (TV network)
Speed was a sports-oriented cable and satellite television network that was owned by the Fox Sports Media Group division of 21st Century Fox. The network was dedicated to motorsports programming, including auto racing, as well as automotive-focused programs.
Although the channel was based in the United States (its headquarters were located at University Research Park in Charlotte, North Carolina), Speed ceased being available to most American viewers as a standalone network with its own original programming on August 17, 2013, when it was replaced by the general-interest sports network Fox Sports 1. An "international" version of the network, now known as Fox Sports Racing, concurrently launched in Canada, the Caribbean and the U.S. territory of Puerto Rico to replace the domestic feed, airing archived Speed programming and live simulcasts of motorsports events carried by Fox Sports 1 and Fox Sports 2 in the United States that would be otherwise unavailable to international viewers.When it originally launched in 1995 as Speedvision, the network carried a lineup featuring programs profiling the automobile and motorsports industries (including individual companies, vehicles and teams), how-to series, and coverage of various domestic and international racing series (such as the Formula One World Championship, Rolex Sports Car Series, and the American Le Mans Series). After it was acquired by News Corporation in 2001 and relaunched as Speed Channel, the network's programming became increasingly NASCAR-oriented; prior to its shutdown in the U.S., Speed's lineup consisted mostly of automotive-themed reality shows, NASCAR-related programs (including coverage of practice and qualifying sessions, and full coverage of the Camping World Truck Series), along with news programs focusing on motorsports. Most of Speed's live event programming was carried over to Fox Sports 1 (or sister network Fox Sports 2), and is simulcast on the Speed network that remains available outside the U.S.
Due to contractual changes associated with the relaunch, Fox was expected to temporarily distribute a version of Speed (separate from the international version) to fulfill contracts with providers that had not yet signed deals to carry Fox Sports 1, airing a loop of the network's past reality programming. Many of the programs once found on Speed can now be found in the United States on CBS Sports Network, MAVTV and Velocity (such as Gearz, My Classic Car, Chop Cut Rebuild, and Dream Car Garage as well as live coverage of racing events), others not such as Speed Center.
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