Fox Corporation (FOXA): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how Fox Corporation (FOXA), a major player in the media and entertainment industry with a market capitalization of $23.34 billion, operates and generates revenue?

From its roots in the early 20th century to its current position as a leading provider of news, sports, and entertainment, Fox Corporation has a rich history and a diverse portfolio of assets. Interested in understanding the ownership structure, the mission that drives its content, and the strategic decisions that have shaped its financial performance, including the $13.98 billion in revenue reported for fiscal year 2024?

Keep reading to explore the inner workings of Fox Corporation, its key segments, and how it continues to adapt to the evolving media landscape, delivering value to both viewers and shareholders.

Fox Corporation (FOXA) History

Fox Corporation's Founding Timeline

Year established

The modern Fox Corporation was established in 2019.

Original location

The company is headquartered in New York, NY.

Founding team members

Key figures in the establishment of Fox Corporation include:

• Rupert Murdoch: As the chairman.
• Lachlan Murdoch: As the executive chair and CEO.

Initial capital/funding

The creation of Fox Corporation was part of a restructuring following 21st Century Fox’s sale to The Walt Disney Company in March 2019. This transaction was valued at $71.3 billion. Fox Corporation was created to house the assets that Disney did not acquire.

Fox Corporation's Evolution Milestones

Fox Corporation's Transformative Moments

• Disney Acquisition of 21st Century Fox: The most transformative event was the sale of 21st Century Fox to Disney in 2019 for $71.3 billion. This led to the creation of a new, streamlined Fox Corporation.
• Focus on Core Assets: The strategic decision to focus on news, sports, and broadcasting allowed Fox Corporation to carve out a strong position in the media landscape.
• Acquisition of Tubi: Acquiring Tubi for $440 million in 2020 significantly boosted Fox's streaming presence and digital advertising capabilities.
• Digital Expansion: Fox Corporation has strategically expanded its digital platforms to capture a wider audience and adapt to changing media consumption habits.

Explore more about Fox Corporation's guiding principles: Mission Statement, Vision, & Core Values of Fox Corporation (FOXA).

Fox Corporation (FOXA) Ownership Structure

Fox Corporation features a dual-class ownership structure, where Class A shares are available to public investors, while Class B shares, carrying greater voting rights, are primarily held by the Murdoch family.

Fox Corporation's Current Status

As of April 2025, Fox Corporation is a publicly traded company, listed on the Nasdaq stock exchange under the ticker symbols FOXA and FOX. This means that its shares are available for purchase by the general public, and the company is subject to regulatory oversight and reporting requirements.

Fox Corporation's Ownership Breakdown

The ownership of Fox Corporation is distributed among various shareholders, including institutional investors, individual shareholders, and insiders. The Murdoch family, however, maintains significant control through their ownership of Class B voting shares.

Fox Corporation's Leadership

The leadership team at Fox Corporation is responsible for the strategic direction and operational management of the company. As of the latest information available, key figures include:

• Lachlan Murdoch: Chairman and Chief Executive Officer. He is responsible for overseeing the company's overall strategy and performance.
• Steve Tomsic: Chief Financial Officer. He manages the company's financial operations, including reporting, treasury, and investor relations.
• Viet Dinh: Chief Legal and Policy Officer. He oversees legal and regulatory matters, as well as public policy initiatives.

For more insights into Fox Corporation's financial performance, you might find this resource helpful: Breaking Down Fox Corporation (FOXA) Financial Health: Key Insights for Investors

Fox Corporation (FOXA) Mission and Values

Fox Corporation's mission and values reflect its commitment to delivering news, sports, and entertainment content while upholding principles of creativity, innovation, and responsible corporate citizenship.

Fox Corporation's Core Purpose

While a specific, concise 'core purpose' statement isn't prominently featured in the same way as a formal mission statement, we can infer Fox Corporation's core purpose from their actions and statements. It appears to be centered around these key areas:

• Delivering compelling content: Creating and distributing high-quality news, sports, and entertainment programming that attracts large audiences.
• Driving shareholder value: Operating efficiently and strategically to generate profits and returns for investors.
• Championing diverse voices: Providing a platform for a variety of perspectives and viewpoints, particularly within its news and opinion programming.

Official mission statement

While Fox Corporation doesn't have one single, universally publicized mission statement, various statements and guiding principles articulate their goals. These include:

• Commitment to journalistic integrity: Fox News, a core component of Fox Corporation, emphasizes fair and accurate reporting.
• Delivering premier sports and entertainment: Fox Sports and Fox Entertainment aim to provide viewers with top-tier live events and original programming.
• Technological innovation: Fox Corporation seeks to leverage technology to enhance content delivery and audience engagement.

Vision statement

Similar to its mission statement, Fox Corporation doesn't have a singular, formally declared vision statement. However, its vision can be understood through its strategic objectives and long-term goals:

• To be a leading media company: Maintaining a prominent position in the news, sports, and entertainment industries.
• Expanding digital reach: Growing its online presence and engaging with audiences across various digital platforms.
• Adapting to changing media landscape: Embracing new technologies and business models to stay competitive in the evolving media environment.

Company slogan/tagline

Fox Corporation's various divisions and programs have used different slogans and taglines over time. Here are a few examples:

• Fox News: 'Most Watched, Most Trusted' - This tagline reflects the network's focus on attracting a large audience and establishing credibility.

For more insights into Fox Corporation, check out: Exploring Fox Corporation (FOXA) Investor Profile: Who’s Buying and Why?

Fox Corporation (FOXA) How It Works

Fox Corporation operates as a news, sports, and entertainment content provider. The company focuses on producing and distributing content through its various television channels and platforms.

Fox Corporation's Product/Service Portfolio

Fox Corporation's Operational Framework

Fox Corporation's operations are structured around content creation, distribution, and advertising sales. The company generates revenue primarily through advertising, affiliate fees, and content licensing.

• Content Creation: Fox Corporation invests in developing and acquiring original programming across news, sports, and entertainment.
• Distribution: The company distributes its content through its owned and operated television networks, as well as through streaming platforms like Tubi.
• Advertising Sales: A significant portion of Fox Corporation's revenue comes from selling advertising slots across its various channels and platforms.
• Affiliate Fees: Fox also earns revenue from cable and satellite providers who pay to carry its channels.

Fox Corporation's Strategic Advantages

Fox Corporation maintains several strategic advantages that contribute to its market position and financial performance.

• Strong Brand Recognition: Fox News and Fox Sports are well-known brands with loyal audiences.
• Extensive Distribution Network: The company has a broad distribution network through its television channels and streaming platforms.
• Original Content: Fox invests in creating original programming that attracts viewers and advertisers.
• Cost Management: Fox has demonstrated a commitment to cost management, which helps to improve profitability.

To gain more in-depth insights into Fox Corporation's financial performance, consider exploring this resource: Breaking Down Fox Corporation (FOXA) Financial Health: Key Insights for Investors

Fox Corporation (FOXA) How It Makes Money

Fox Corporation primarily generates revenue through the sale of advertising time on its television networks and stations, as well as through affiliate fees paid by cable and satellite television providers for the right to carry its channels.

Fox Corporation Revenue Breakdown

Fox Corporation Business Economics

Fox Corporation's business economics are influenced by several key factors:

• Advertising Revenue: A significant portion of Fox's revenue comes from advertising. The rates Fox can charge advertisers depend on viewership, demographics, and the overall demand for advertising slots. Strong ratings for live events, such as sports and news, allow Fox to command higher advertising prices.
• Affiliate Fees: Cable and satellite providers pay affiliate fees to Fox for the right to broadcast its channels. These fees are typically negotiated on a per-subscriber basis and provide a recurring revenue stream.
• Programming Costs: Fox invests heavily in programming, including sports rights, newsgathering, and entertainment content. Managing these costs is crucial for maintaining profitability.
• Technological Disruption: The shift towards streaming and on-demand content has created both challenges and opportunities for Fox. The company must adapt its business model to compete in this evolving landscape.
• Regulatory Environment: Media companies like Fox are subject to various regulations, which can impact their operations and profitability.

Fox Corporation Financial Performance

Here are key aspects of Fox Corporation's recent financial performance:

• In fiscal year 2024, Fox Corporation reported total revenues of approximately $14.91 billion.
• Cable Network Programming generated revenues of $6.68 billion in fiscal year 2024.
• Television revenues totaled $8.03 billion in fiscal year 2024.
• For fiscal year 2024, Fox reported net income of $1.27 billion.

To gain more insight into Fox Corporation's investors and their motivations, check out this related article: Exploring Fox Corporation (FOXA) Investor Profile: Who’s Buying and Why?

Fox Corporation (FOXA) Market Position & Future Outlook

The company navigates a dynamic media landscape with a focus on live sports, news, and entertainment, positioning itself for continued relevance and profitability through strategic investments and adaptation to changing consumer habits. For insights into the company's guiding principles, see: Mission Statement, Vision, & Core Values of Fox Corporation (FOXA).

Competitive Landscape

Opportunities & Challenges

Industry Position

The company maintains a strong foothold in the media and entertainment industry, particularly in the broadcasting sector. Its key strengths include:

• Live News and Sports: A leading provider of live news and sports content, which attracts a large and engaged audience.
• Broadcasting Network: A network of local television stations across the United States.
• Content Production: Invests in creating and acquiring content to serve its various platforms.

The company's position is further reinforced by its strategic focus on delivering high-quality content and leveraging technological advancements to enhance the viewing experience.