Fox Corporation: What It Is and How It Came to Be
Fox Corporation launched in 2019 after Disney bought most of 21st Century Fox. Here's what the Murdoch-controlled media giant looks like today.
If you've ever wondered why there's a "Fox" that's separate from Disney even though Disney bought Fox, you're not alone — and the answer is actually pretty interesting. When Disney acquired the bulk of 21st Century Fox's assets, it didn't get everything. The Murdoch family held onto the crown jewels: broadcast TV, news, and sports. That leftover empire was reorganized into Fox Corporation, which officially launched in 2019.
Today, Fox Corporation is run by CEO Lachlan Murdoch, with the Murdoch family maintaining control of the company. Its biggest properties are household names — Fox News Media dominates cable news ratings, and Fox Sports is a major player in live sports broadcasting, which remains one of the most valuable content categories in media right now. Live sports and news are essentially the last two things keeping traditional TV afloat, so Fox is sitting on a pretty strategic piece of real estate.
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The company hasn't stood still in the streaming era, either. Fox expanded its digital footprint through Tubi, a free ad-supported streaming service that's been quietly racking up viewers, and Fox One, another streaming venture. The boldest move yet came in 2026, when Fox Corporation agreed to acquire Roku, the popular streaming device and platform company. That deal signals Fox is serious about controlling not just the content, but the pipeline it travels through — a classic vertical integration play.
For investors and media watchers, Fox Corporation represents a leaner, more focused version of the old media conglomerate playbook — betting heavily on news and live sports while competitors scramble to compete in scripted streaming. Whether that focused strategy pays off long-term depends on how the broader media landscape continues to shift.
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