Pressure of Truth
Exposing the spin on all sides of the news.
Outlet profile

Fox News

U.S. right

Owned byFox Corporation, a publicly traded company controlled by the Murdoch family. Lachlan Murdoch serves as Executive Chairman and CEO and, following a 2025 family succession settlement, holds sole voting control over the family trust that controls Fox Corporation. Rupert Murdoch, the founder, holds a ceremonial Chairman Emeritus title after retiring in September 2023.
FundingPrimarily advertising revenue (cable and digital) and cable/satellite affiliate fees paid by distributors. Subscription revenue from Fox Nation (its streaming service) is a growing secondary source. Fox Corporation reported Q4 fiscal 2025 revenues of $3.29 billion across all divisions.
On the administrationbroadly supportive

Background

Fox News Channel launched on October 7, 1996, founded by Australian-American media mogul Rupert Murdoch and built under the direction of founding CEO Roger Ailes, a former Republican media consultant. It was explicitly positioned to counter what Murdoch and Ailes saw as a liberal bias in established broadcast news, and it rapidly grew into the dominant U.S. cable news network during the late 1990s and 2000s. Roger Ailes resigned in July 2016 after multiple sexual harassment allegations and died in May 2017; Fox News paid tens of millions of dollars in settlements related to workplace misconduct under his tenure. The network's original slogan, 'Fair and Balanced,' was dropped in 2017. In 2021, Dominion Voting Systems and Smartmatic each filed major defamation lawsuits alleging Fox hosts and guests knowingly spread false claims about rigged voting machines after the 2020 election; Fox settled with Dominion in April 2023 for $787.5 million. Rupert Murdoch retired in September 2023, handing control to his son Lachlan, who consolidated sole voting authority over the Murdoch family trust in a court-approved settlement in September 2025. Academic researchers, journalists, and media watchdogs have consistently characterized Fox News as favoring the Republican Party in its coverage and as having spread misleading content on topics including climate change and COVID-19. In June 2026, Fox Corporation announced a $22 billion deal to acquire streaming platform Roku.

Sources

  1. Fox News – Wikipedia
  2. Fox Corporation – Wikipedia
  3. Lachlan Murdoch – Wikipedia
  4. Rupert Murdoch's Retirement: Fox News Was Radically Changed by Trump – Variety
  5. Fox News controversies – Wikipedia
  6. Fox figures repeatedly claimed the economy would grow at a 5% pace thanks to Trump – Media Matters
  7. Exclusive: Fox News projecting $500 million in non-cable TV revenue for 2025 – Axios
  8. FOX Reports Fourth Quarter Fiscal 2025 Revenues – PR Newswire
  9. Who is Lachlan Murdoch, the anointed media tycoon? – NPR

Profile compiled 2026-06-25; refreshed when ownership, funding, or the administration changes.

← Back to track record