Outlet profile

Fox Business / Fox News

U.S. right

Owned byFox Corporation, a publicly traded company controlled by the Murdoch family (Lachlan Murdoch is executive chairman and CEO); the Murdoch family trust holds roughly a third of voting shares, giving it effective control despite owning a minority of total equity

FundingAdvertising revenue and cable/satellite carriage (subscriber) fees, standard for a for-profit cable news operation

On the administrationbroadly supportive

Background

Fox News launched in 1996 under Rupert Murdoch and network chief Roger Ailes, positioning itself as a conservative alternative to what it characterized as a liberal mainstream media; Fox Business followed in 2007 as a companion financial-news channel. Both are units of Fox Corporation, which split off from 21st Century Fox in 2019 after Disney acquired most of that company's entertainment assets; the Murdoch family retained voting control through Class B shares. Fox News has faced major controversies, including a $787.5 million defamation settlement with Dominion Voting Systems in 2023 over false 2020 election-fraud claims aired on the network, and a series of sexual harassment scandals that led to Ailes' 2016 ouster and large settlement payouts. Independent monitors such as AllSides and Media Bias/Fact Check consistently rate its news reporting as right-leaning and its opinion programming as strongly conservative. During the second Trump administration, Fox has drawn scrutiny for downplaying or omitting stories unflattering to the president, and Trump has drawn at least 19 senior administration officials from former Fox hosts and commentators. Fox Business specifically focuses on markets and economic policy but shares Fox News' ownership, editorial leadership, and general ideological lean.

Sources

Profile compiled 2026-09-24; refreshed when ownership, funding, or the administration changes.

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