Fox News is owned by Fox News Media, which is itself owned by Fox Corporation. The company is controlled primarily by Lachlan Murdoch through a family trust holding 36% of the voting shares. Rupert Murdoch, the media mogul who created Fox News in 1996, currently serves as chairman emeritus, while his son Lachlan Murdoch is the chairman and CEO of Fox Corporation. Fox Corporation was formed in 2019 as a spin-off of 21st Century Fox's broadcasting, news, and sports assets. The Murdoch family has maintained control over the company and its assets including Fox News.
