Company Overview
About Fox Corporation (Class A)
Fox Corporation is a New York City, New York-based television broadcasting, cable news, and sports media company — its Class A voting shares publicly traded on NASDAQ (NASDAQ: FOXA) as an S&P 500 Communication Services component — operating the Fox News Channel (the top-rated US cable news network), Fox Business Network, the Fox broadcast television network (affiliate stations reaching 99% of US households), Fox Sports, and Tubi (the largest free ad-supported streaming service in the US) through approximately 9,000 employees. In fiscal year 2024 (ending June 2024), Fox Corporation reported total revenue of approximately $14.7 billion, with affiliate fee revenue (cable providers paying per-subscriber fees for Fox News and Fox Business carriage) and advertising revenue from Fox News Channel and Fox broadcast sporting events (NFL, MLB, NASCAR, UFC) as the primary revenue drivers. Fox Corporation was formed in 2019 when Rupert Murdoch's 21st Century Fox sold its entertainment film and TV studios to Walt Disney Company for $71.3 billion — retaining the news and sports broadcast assets as the new Fox Corporation. Lachlan Murdoch serves as Executive Chairman and CEO. Fox One, the company's streaming service targeting cord-cutters, officially launched to provide access to Fox broadcast network programming and cable channels for subscribers who have cancelled traditional cable.
Business Model & Competitive Advantage
Fox Corporation's news and sports broadcast model generates advertising and affiliate fee revenue through the combination of live news viewership (Fox News is the most-watched US cable news network) and live sports rights (the NFL, MLB, NASCAR, and college football programming that drives broadcast television's highest advertising rates). Fox News Channel's political news programming attracts a loyal older-skewing conservative audience that aggregates at appointment viewing density — primetime ratings often 2-4x competitors CNN and MSNBC — creating the audience scale that commands premium advertising CPMs and leverage in affiliate fee negotiations with cable providers. The sports rights portfolio (NFL Sunday NFC games, MLB Game of the Week, NASCAR Cup Series) provides the live event programming that drives Fox broadcast's highest-rated programming and underpins the affiliate fee value proposition for cable providers seeking NFL-carrying network affiliates.
Competitive Landscape 2025–2026
In 2025, Fox Corporation competes in US cable news, broadcast television, and free streaming against CNN/Warner Bros. Discovery (NASDAQ: WBD, $41B revenue), NBC/MSNBC/Peacock (Comcast/NBCUniversal), and ABC/ESPN/Disney+ (NYSE: DIS, $91B revenue) for news viewer attention, national advertising budgets, and sports rights renewals. Fox One's streaming launch addresses the accelerating linear TV cord-cutting trend — US pay TV subscriptions have declined from 100+ million households to approximately 65 million as streaming alternatives proliferate — by packaging Fox broadcast and cable content in a streaming subscription for cord-cutters who want Fox News and Fox Sports without a cable bundle. Tubi's free ad-supported streaming (70M+ monthly active users) provides Fox Corporation a separate streaming asset in the FAST (Free Ad-Supported TV) category that monetizes advertising rather than subscription fees. The 2025 strategy focuses on Fox News audience maintenance through the 2024 election cycle and beyond, NFL broadcast rights renewal negotiation for the next rights cycle, and Fox One subscriber acquisition to capture cord-cutting household viewing.
The Fox Corporation (Class A) Story
Founders
Company Timeline
Major milestones in Fox Corporation (Class A)'s journey
Leadership Team
Meet the leaders behind Fox Corporation (Class A)
Lachlan K. Murdoch
Lachlan Murdoch is the Executive Chairman and CEO of Fox Corporation, overseeing the company's premier portfolio of news, sports, and entertainment assets. He assumed sole leadership in November 2023 when his father Rupert Murdoch retired as chairman. At age 53, Lachlan controls Fox Corporation through the Murdoch family trust holding 36% of voting shares. He previously served in senior roles at 21st Century Fox and News Corporation, and had a nine-year absence from the family business before returning in 2014.
John P. Nallen
John P. Nallen serves as President and Chief Operating Officer for Fox Corporation and is a member of the Office of the Chairman. He has oversight of the company's finance, strategy, business development, distribution, real estate, and human resources organizations, playing a critical role in Fox's operational efficiency and strategic initiatives.
Steve Tomsic
Steve Tomsic serves as Chief Financial Officer of Fox Corporation, overseeing corporate and operational finance activities including capital markets, merger and acquisition transactions, treasury, risk management, tax, financial planning and analysis, accounting, and external reporting. He has been CFO since 2018 and previously served as Deputy CFO of 21st Century Fox from March 2017 to March 2019.
Suzanne Scott
Suzanne Scott serves as CEO of FOX News Media, which encompasses FOX News Channel, FOX Business Network, FOX News Digital, FOX News Radio, FOX News Headlines 24/7, and FOX News podcasts. Under her leadership, Fox News has maintained its position as the #1 cable news network for over 22 consecutive years and achieved record ratings in 2024.
Jay Wallace
Jay Wallace serves as President of FOX News Media, working alongside CEO Suzanne Scott to lead the news division's strategic operations and editorial direction. He plays a key role in maintaining Fox News' dominance in cable news viewership and expanding its digital footprint.
Gabrielle Brown
Gabrielle Brown serves as Chief Investor Relations Officer and Executive Vice President, leading Fox Corporation's communications with stockholders, potential investors, and financial analysts. She oversees the company's investor relations strategy and maintains transparent communication with the investment community.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
Fox Corporation (Class A) is recognized as a market leader in the Communications sector, demonstrating strong industry presence and customer trust.
Enterprise Scale
With $14700M in revenue, Fox Corporation (Class A) operates at enterprise scale with proven market validation.
Frequently Asked Questions
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