The short answer is no. Fox News is not owned by Disney.
Table of contents
History of Fox Corporation
Fox News is part of Fox Corporation (FOXA).
In 2019‚ Disney acquired 21st Century Fox for $71.3 billion. This deal led to the creation of a new‚ streamlined Fox Corporation.
Fox Corporation’s Focus
Fox Corporation focused on news‚ sports‚ and broadcasting.
Murdoch Family and Control
Lachlan Murdoch is now executive chairman of Fox Corp. after Rupert Murdoch stepped down.
The Murdoch family trust divides control among Rupert’s children: Prudence‚ Elisabeth‚ Lachlan‚ and James.
Key Takeaways
- Disney acquired 21st Century Fox‚ but not the assets that now comprise Fox Corporation.
- Fox News remains under the Fox Corporation umbrella.
- The Murdoch family‚ primarily Lachlan Murdoch‚ maintains control of Fox Corporation.
Why the Confusion?
The confusion often arises due to the initial complexity of the Disney-Fox deal. Many people remember Disney acquiring a large portion of 21st Century Fox‚ and it’s easy to assume that everything under the Fox name was included. However‚ the Murdoch family specifically retained control of the news and broadcasting divisions‚ forming the new Fox Corporation.
Despite Disney’s massive acquisition of 21st Century Fox‚ Fox News remains independent and is owned and controlled by Fox Corporation‚ with strong leadership from the Murdoch family.
