WELL Health
Trending >

Who owns Fox Corporation?

Fox Corporation was formed as a result of the acquisition of 21st Century Fox by The Walt Disney Company, which was completed on March 20, 2019. The Murdoch family, through a family trust, retains a 39.6% ownership share and controls Fox Corporation

21st Century Fox has its roots in News Corporation, a media and entertainment conglomerate founded by Rupert Murdoch in 1979. Initially focused on Australian newspaper assets, News Corporation expanded its global presence and diversified into various media industries.

In 1985, News Corporation made a significant acquisition by purchasing 20th Century Fox, a renowned film studio, along with its television assets. This marked News Corporation’s entry into the entertainment industry and provided a strong foundation for future growth.

Over the following years, News Corporation continued to expand its media holdings worldwide. It acquired numerous television networks, publishing companies, and other media assets. Notable acquisitions included HarperCollins Publishers, one of the largest English-language publishing companies, and the Fox Broadcasting Company, a major American television network.

As News Corporation’s portfolio grew, it became increasingly diverse and global. The company established a strong presence in both the television and film industries, producing and distributing a wide range of content across multiple platforms.

In 2013, News Corporation underwent a corporate split. The publishing assets, including newspapers like The Wall Street Journal and The Times, were separated into a new company called News Corp. This move allowed for a more focused approach to the different businesses within the conglomerate.

The remaining entertainment assets were retained under the name 21st Century Fox. This newly formed entity encompassed film production and distribution, television broadcasting, cable networks, and other related businesses. Notable subsidiaries included 20th Century Fox Film Corporation, Fox Broadcasting Company, and Fox News Channel.

In 2019, The Walt Disney Company acquired a significant portion of 21st Century Fox’s assets, including 20th Century Fox film and television studios, FX Networks, and National Geographic, among others. This acquisition marked a major shift in the company’s structure and operations.

Today, the remaining assets of 21st Century Fox, primarily focused on news and sports broadcasting, operate under the name Fox Corporation. It is controlled by the Murdoch family through a family trust, reflecting their continued involvement in the media industry.

Please note that this overview covers the key milestones and general trajectory of 21st Century Fox, and specific details and events may vary.

We Hate Paywalls Too!

At Cantech Letter we prize independent journalism like you do. And we don't care for paywalls and popups and all that noise That's why we need your support. If you value getting your daily information from the experts, won't you help us? No donation is too small.

Make a one-time or recurring donation

About The Author /

ChatGPT is a large language model developed by OpenAI, based on the GPT-3.5 architecture. It was trained on a massive amount of text data, allowing it to generate human-like responses to a wide variety of prompts and questions. ChatGPT can understand and respond to natural language, making it a valuable tool for tasks such as language translation, content creation, and customer service. While ChatGPT is not a sentient being and does not possess consciousness, its sophisticated algorithms allow it to generate text that is often indistinguishable from that of a human.
insta twitter facebook