Fox News is owned by Fox Corporation, which Lachlan Murdoch now fully controls after a September 2025 family trust settlement gave him sole voting authority over the company.
Fox News built its reputation as the most watched cable news network in America, known for its conservative leaning commentary alongside its daytime news programming.
Rupert Murdoch built the Fox News Channel in 1996 and spent decades expanding his global media empire before gradually stepping back from daily leadership in recent years.
So how did control of one of the most influential news networks in America end up settled through a family trust dispute rather than a normal corporate transaction.
This guide will explore the Murdoch family settlement, how Lachlan Murdoch gained sole control, Rupert Murdoch current role, and how Fox News fits inside the broader Fox Corporation portfolio.
So let us get started.
Table of Contents
Who Owns Fox News Right Now
Fox Corporation owns Fox News as a wholly owned subsidiary, with Lachlan Murdoch serving as executive chair and chief executive of the parent company. Current programming is listed on the official Fox News website.
Lachlan Murdoch gained sole voting control through a newly created holding company called LGC Holdco, which holds 36.2 percent of Fox Class B common stock.
That voting control lets Lachlan direct Fox Corporation strategy without needing consensus from his siblings, a significant shift from the prior family trust structure.
The September 2025 Murdoch Family Settlement
The Murdoch family settled a long running dispute in September 2025 over control of the family trust that held Fox and News Corp voting shares.
Under the settlement, Lachlan Murdoch siblings, Prudence MacLeod, Elisabeth Murdoch, and James Murdoch, ceased to be beneficiaries of the trust holding Fox and News Corp shares, each receiving roughly 1.1 billion dollars in proceeds, according to Variety reporting on the deal.
The settlement resolved years of public speculation about which Murdoch sibling would eventually control the family media empire after Rupert Murdoch stepped back.
Rupert Murdoch Current Role At Fox
Rupert Murdoch built the Fox News Channel from scratch in 1996, turning it into the dominant cable news network within just a few years of launch.
Following the family settlement, Rupert Murdoch stepped down as chairman of both Fox Corporation and News Corporation boards, taking on the title of Chairman Emeritus at each company instead.
Lachlan Murdoch became sole chair of News Corp and continues serving as executive chair and chief executive of Fox Corporation following his father departure from active leadership.
What Else Fox Corporation Owns
Beyond Fox News, Fox Corporation owns the Fox broadcast network, Fox Sports, and Fox Business, giving the company a broad footprint across news, sports, and entertainment programming.
Fox Corporation is a separate company from News Corp, which owns the Wall Street Journal, the New York Post, and other newspaper and publishing assets, though both remain under Murdoch family control.
This split between Fox Corporation and News Corp dates back to a 2013 corporate separation designed to isolate the company broadcasting and publishing businesses. Our guide to who owns Paramount covers another major media conglomerate that recently went through its own significant ownership change.
Fox Sports Broadcast Rights And NFL Coverage
Fox holds long standing broadcast rights to a significant package of NFL games each season, a valuable asset that helps drive both advertising revenue and overall network viewership.
Live sports remain one of the most reliable draws for traditional broadcast and cable audiences, even as scripted programming increasingly shifts toward streaming platforms.
Our guide to who owns the NFL explains how the league itself is structured, separate from the broadcast networks like Fox that pay for the rights to air its games.
Fox News Compared To Other Cable News Networks
Fox News competes directly against CNN, owned by Warner Bros Discovery, and MSNBC, owned by NBCUniversal, for cable news viewership.
Fox News has maintained the largest cable news audience for years running, a position that has made it one of Fox Corporation most valuable and profitable divisions.
A competing broadcast network took a very different path to its current ownership, changing hands entirely through a corporate merger rather than a family trust settlement.
Is Fox News Really Good Or Really Worth It
Fox News earns strong loyalty from its core audience, according to Wikipedia, consistently ranking as the most watched cable news network in America for years running.
Critics frequently point to Fox News editorial slant and past defamation settlements as reasons for skepticism about its news coverage, a criticism the network disputes.
Media analysts note that Fox News financial performance remains strong regardless of the controversy, reflecting its large and dedicated viewer base.
For viewers who want conservative leaning news commentary alongside daytime programming, Fox News remains the dominant choice in cable news.
For anyone comparing coverage across the political spectrum, checking multiple news sources alongside Fox News remains a reasonable approach to getting a fuller picture of current events.
Fox News also runs a growing streaming service called Fox Nation, offering additional original programming beyond its core cable news lineup for subscribers who want more content.
That expansion into streaming mirrors similar moves by nearly every major news and entertainment company as viewers continue shifting away from traditional cable subscriptions toward on demand content.
Fox executives have signaled continued investment in Fox Nation as part of a broader strategy to diversify revenue beyond traditional cable advertising and carriage fees over the coming years.
Frequently Asked Questions About Fox News
Does Rupert Murdoch Still Control Fox News?
No. Rupert Murdoch stepped down as chairman in 2025, taking on the Chairman Emeritus title, while Lachlan Murdoch gained sole voting control.
Is Fox News The Same Company As Fox Broadcast Network?
Yes. Both are owned by Fox Corporation, alongside Fox Sports and Fox Business.
Does Fox Corporation Own The Wall Street Journal?
No. The Wall Street Journal is owned by News Corp, a separate company that is also controlled by the Murdoch family.
Who Controls Fox Corporation Voting Power?
Lachlan Murdoch controls Fox Corporation voting power through LGC Holdco, which holds 36.2 percent of Fox Class B common stock.
I am Jack Neel, a mechanical engineer, researcher, and writer. I created this website to share my knowledge about different brands and products with you. I research the manufacturers behind the brands and provide you with the information you need to make smart buying decisions.