Who Owns the Media: Fox Corporation

Fox Corporation 🐔🐔🐔🐔

Capitulation Rank: Obeying
Category: Broadcasting & Entertainment
Market Cap: $25.542 billion

Fox News is synonymous with far-right media bias. The network knowingly spread lies about the result of the 2020 election — a debacle that cost Fox $787 million in a defamation settlement paid out to Dominion Voting Systems. Over the years, Rupert Murdoch and his son and chosen heir Lachlan have donated millions of dollars to Republican candidates and Super PACs. Trump has tapped at least 19 former Fox News commentators, hosts, journalists and producers — including Pete Hegseth — for senior positions in his administration.

Since Trump’s election in 2024, Fox News has taken on the unofficial role of the Trump administration’s chief propagandist. In February 2025, Fox News announced a new weekly show, My View with Lara Trump. Trump is the former co-chair of the Republican National Committee and the president’s daughter-in-law. As Axios’ wrote, “The news underscores Trump’s cozy relationship with the network and foreshadows a mutually beneficial partnership for his second term.”

In return for such loyal service, the Murdochs have a long wish list of policy favors, including the expectation that Trump FCC Chairman Brendan Carr will loosen the agency’s broadcast-ownership rules, which limit how many local-television stations a single entity can own in a given market and the cumulative national reach of those outlets.

DEI Doublespeak:

In January 2025, Fox removed its pro-DEI language from job postings. In an interview, a Fox representative stated, “Fox News Media routinely reviews our legal obligations including under federal, state, and local law and we have removed this language.”

What It Owns:

The Fox broadcast network and more than a dozen cable-television channels (including BTN, FOX Business Network, Fox News Channel and FOX Sports); 29 local television stations (including WAGA-TV, KDFI, WNYW and WTXF-TV); multiple production studios (including Bento Box Entertainment, Fox Entertainment Global and Fox Studios); investments in related businesses (including FanDuel, United Football League and Venu Sports).

Money & Influence Game:

Fox Corporation paid lobbyists $4,230,000 in 2024, and Fox employees made $2,945,415 in contributions to political candidates (2024 cycle). Twenty-four of the company’s 34 lobbyists in 2024 previously held government jobs. The bulk of the company’s contributions ($2 million) supported the GOP’s Senate Leadership Fund. (SOURCE: Center for Responsive Politics)