Fox Corporation (Class A)

Fox Corporation is a dominant force in the American media landscape, headquartered at 1211 Avenue of the Americas in New York City and incorporated in Reno, Nevada. Formed on March 19, 2019, as a spin-off of 21st Century Fox's television broadcasting, news, and sports assets following Disney's $71.3 billion acquisition of most 21st Century Fox assets, the company has established itself as one of the most influential media organizations in the United States with a market capitalization of approximately $27.43 billion as of late 2025.

The company operates through some of the world's most recognized and trusted media brands, serving millions of Americans daily. Fox News Media has maintained its position as the most-watched television news channel in the United States for over 18 consecutive years, while FOX Sports holds exclusive rights to major sporting events including NFL Sunday afternoon games, four of the next 12 Super Bowls (2023, 2025, 2029, and 2033), and FIFA World Cup coverage through 2026. The company owns and operates 29 full-power broadcast television stations across 14 of the top 15 largest designated market areas, including duopolies in 11 markets, providing unparalleled reach across major American cities.

Fox Corporation has demonstrated remarkable digital transformation through its Tubi Media Group, which houses the company's growing portfolio of digital businesses including Tubi (the free ad-supported streaming service), FOX One, Red Seat Ventures, AdRise, and Credible. Tubi has emerged as a streaming powerhouse, surpassing 97 million monthly active users and streaming over 10 billion hours in 2024, with a content library exceeding 275,000 movies and TV episodes from over 300 content partners. The platform's growth trajectory has been extraordinary, expanding from 80 million users in May 2024 to 97 million by year-end, while generating 22% revenue growth driven by a 36% increase in total viewing time.

The company is controlled by the Murdoch family through a dual-class share structure, with Lachlan Murdoch serving as Executive Chairman and Chief Executive Officer since taking over from his father Rupert Murdoch in November 2023. For fiscal year 2024 (ended June 30, 2024), Fox Corporation reported total revenues of $13.98 billion with 10,200 employees. The company's strategic focus on premium live content, particularly news and sports, combined with its aggressive expansion into streaming and digital platforms, positions it uniquely in an evolving media landscape where traditional broadcasting meets on-demand digital consumption.