Fox Corporation
Company History
Fox Corporation History: Founding, Growth & Key Milestones
Founded 2019 in New York City, New York
When was Fox Corporation founded?
Fox Corporation was founded in 2019 in New York City, New York by Rupert Murdoch and Lachlan Murdoch, making it 7 years old.
- Founded
- 2019
- Founding place
- New York City, New York
- Founders
- Rupert Murdoch and Lachlan Murdoch
- Headquarters today
- New York, New York
- Milestones documented
- 12 (2019–2026)
- Current CEO
- Lachlan Murdoch
- Acquisitions
- 6
| Year | Event |
|---|---|
| 2019 | Fox Corporation Spin-Off |
| 2019 | Credible Labs Acquired |
| 2020 | Tubi Acquisition |
| 2021 | Acquired TMZ |
| 2021 | Acquired MarVista Entertainment |
| 2023 | Dominion Settlement |
| 2023 | Rupert Murdoch Steps Down as Chairman |
| 2024 | Venu Sports Venture Announced |
| 2025 | Venu Ends, FOX One Launches |
| 2025 | Acquired Red Seat Ventures |
| 2026 | Roku Acquisition Agreement |
| 2026 | Record FY2026 Revenue |
- Where was Fox Corporation founded?
- Fox Corporation was founded in New York City, New York in 2019.
- Who founded Fox Corporation?
- Fox Corporation was founded by Rupert Murdoch and Lachlan Murdoch.
- When did Fox Corporation start?
- Fox Corporation was founded in 2019.
- How old is Fox Corporation?
- Fox Corporation is 7 years old as of 2026.
Founding Story
The roots of Fox go back to 1985, when Rupert Murdoch's News Corp bought 20th Century Fox and Metromedia's TV stations, launching the FOX network in 1986. FOX won NFL rights in 1993 and Murdoch launched Fox News Channel with Roger Ailes in October 1996. After News Corp split in 2013, those assets sat inside 21st Century Fox until Disney's $71.3 billion purchase closed in 2019 and the news, sports and broadcast businesses were spun off as Fox Corporation.
Founders
Rupert Murdoch
Rupert Murdoch, born in 1931 in Australia, took over The News in Adelaide in 1952 and expanded into British newspapers including The Sun and The Times. He bought 20th Century Fox and Metromedia's stations in 1985, became a U.S. citizen to own American broadcast licenses, launched the FOX network in 1986 and Fox News Channel in 1996. He was Chair of Fox Corporation from its 2019 creation until November 2023, when he became Chairman Emeritus. Education: Worcester College; Geelong Grammar School.
Lachlan Murdoch
Lachlan Murdoch, Rupert Murdoch's eldest son, studied at Princeton and worked in News Corp's Australian and U.S. operations before serving as co-chair of News Corp and executive chairman of 21st Century Fox. He became Executive Chair and CEO of Fox Corporation in March 2019 and sole Chair in November 2023. A September 2025 settlement among the Murdoch heirs left him in control of the family trust that holds the family's voting stake. Lachlan Murdoch was born in 1971 in London. Education: Phillips Academy.
Key Milestones
Fox Corporation Spin-Off
Fox began trading as a standalone company in March 2019 after Disney's $71.3 billion acquisition of 21st Century Fox.
Source: sec.govCredible Labs Acquired
Fox bought a 67 percent stake in the consumer-finance marketplace Credible Labs in 2019.
Source: en.wikipedia.orgTubi Acquisition
Fox bought free ad-supported streaming service Tubi for about $440 million.
Source: sec.govAcquired MarVista Entertainment
Fox acquired MarVista Entertainment. Fox acquired MarVista Entertainment in 2021.
Source: en.wikipedia.orgDominion Settlement
Fox paid $787.5 million to settle Dominion Voting Systems' defamation lawsuit.
Source: sec.govRupert Murdoch Steps Down as Chairman
Rupert Murdoch stepped down as chairman of Fox Corporation in November 2023 and Lachlan Murdoch became sole chairman.
Source: en.wikipedia.orgVenu Sports Venture Announced
Fox, ESPN and Warner Bros. Discovery announced the Venu Sports streaming venture in February 2024.
Source: en.wikipedia.orgVenu Ends, FOX One Launches
The Venu Sports joint venture was abandoned in January 2025; Fox launched its own FOX One streaming service in August 2025.
Source: sec.govAcquired Red Seat Ventures
Fox acquired Red Seat Ventures. Fox acquired Red Seat Ventures, a producer and distributor of podcasts and digital shows from conservative personalities, in 2025.
Source: en.wikipedia.orgRoku Acquisition Agreement
In June 2026 Fox agreed to acquire Roku in a cash-and-stock deal valued at about $22 billion in enterprise value.
Source: investor.foxcorporation.comRecord FY2026 Revenue
Fox reported record revenue of $17.13 billion and Adjusted EBITDA of $3.91 billion, helped by the FIFA Men's World Cup.
Source: prnewswire.comMajor Acquisitions
Tubi
2020Fox bought Tubi in April 2020 for about $440 million to gain a scaled free, ad-supported streaming platform that could reach cord-cutting audiences.
TMZ
2021Fox acquired TMZ in 2021.
MarVista Entertainment
2021Fox acquired MarVista Entertainment in 2021.
Red Seat Ventures
2025Fox acquired Red Seat Ventures, a producer and distributor of podcasts and digital shows from conservative personalities, in 2025.
Roku
2026Announced June 15, 2026: Fox agreed to buy Roku for $160 per share in cash and stock to add a leading connected-TV platform and The Roku Channel to Tubi and FOX One. Closing is expected in the first half of calendar 2027, pending approvals.
Credible
2019Fox Corporation acquired Credible in 2019.
Keep researching Fox Corporation
Fox Corporation Company History FAQ
When was the FOX Broadcasting Company officially launched by Rupert Murdoch?
The FOX Broadcasting Company officially launched on October 9, 1986, with The Late Show Starring Joan Rivers, followed by its primetime broadcast premiere on April 5, 1987, establishing America's fourth major commercial television network.
When did Fox News Channel launch on American cable television?
Fox News Channel officially launched on October 7, 1996, created by Rupert Murdoch and Roger Ailes to provide a 24-hour news alternative, overtaking CNN in ratings in January 2002 to become America's #1 cable news network.
When did 21st Century Fox agree to sell its entertainment studios to Disney for $71.3 billion?
In December 2017, Rupert Murdoch agreed to sell 21st Century Fox's film studios, TV production assets, and international assets to The Walt Disney Company for $71.3 billion, a transaction that was formally completed on March 20, 2019.
When was Fox Corporation officially established as an independent public company?
On March 19, 2019, Fox Corporation began regular trading as an independent publicly traded company on the NASDAQ under tickers 'FOXA' and 'FOX', uniting Fox News, Fox Sports, the FOX broadcast network, and local TV stations.
When did Fox acquire free ad-supported streaming service Tubi?
In April 2020, Fox completed the $440 million acquisition of Tubi, positioning the company at the forefront of the cord-cutting revolution through ad-supported streaming.
When did Rupert Murdoch retire as Chairman of Fox Corporation?
In November 2023, Rupert Murdoch stepped down as Chairman after a monumental 70-year media career, becoming Chairman Emeritus, with his son Lachlan Murdoch assuming sole chairmanship and executive leadership.
When was the Venu Sports streaming joint venture announced by Fox, Disney, and Warner Bros.?
In February 2024, Fox Corporation, The Walt Disney Company, and Warner Bros. Discovery announced Venu Sports, a joint-venture streaming service designed to unite their premier live sports broadcasts into a single direct-to-consumer platform.
How has Fox Corporation redefined modern American live broadcasting?
From pioneering the fourth television network in 1986 to building the dominant cable news network and leading FAST streaming with Tubi, Fox Corporation redefined live news, sports broadcasting, and commercial entertainment in America.
How did Fox Corporation start?
Fox Corporation was technically created in 2019. In a massive, historic media deal, Rupert Murdoch sold his massive entertainment assets (20th Century Fox studios, FX, National Geographic) to Disney for $71 billion. The assets Disney didn't buy (Fox News, Fox Sports, and the broadcast network) were spun off into the new Fox Corporation.
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