Fox Corp (FOXA)

Fox Corporation is a diversified news, sports and entertainment media company operating primarily through two reportable segments—Cable Network Programming and Television—alongside its Credible consumer finance marketplace and the FOX Studio Lot production facility in Los Angeles. The Cable Network Programming segment produces and distributes content via FOX News Media (FOX News, FOX Business) and FOX Sports Networks (FS1, FS2, Big Ten Network, FOX Deportes), reaching tens of millions of U.S. households through traditional and virtual MVPDs and digital platforms. The Television segment operates the FOX broadcast network—renowned for NFL, MLB, college sports, NASCAR and marquee entertainment programming such as The Masked Singer and Next Level Chef—along with 29 owned-and-operated local television stations (18 FOX affiliates, 11 MyNetworkTV affiliates) covering major U.S. markets, and Tubi, a leading AVOD service with a library exceeding 350,000 titles and significant viewership growth.

The company also owns production and distribution businesses, including FOX Entertainment Studios, TMZ, Studio Ramsay Global, Bento Box Entertainment, and FOX Entertainment Global, as well as digital extensions like FOX Nation, FOX Weather, LiveNOW from FOX and FOX Local Streams. Fox differentiates itself through premium, "appointment-based" live content, leadership positions in cable news and sports, and broad multiplatform distribution, including its direct-to-consumer streaming service FOX One. Financially, the company maintains a strong balance sheet with approximately $4.2 billion in cash as of fiscal 2026 year-end, returned about $2.3 billion to shareholders, and benefits from a tax asset tied to its 2019 spin-off from Twenty-First Century Fox (following Disney's acquisition of 21CF).

The company also holds equity stakes in Flutter Entertainment and an option for FanDuel Group. In June 2026, Fox announced a definitive merger agreement to acquire Roku for cash and stock, aiming to combine its content and Tubi platform with Roku's connected TV ecosystem; the deal remains subject to regulatory and shareholder approvals, with substantial termination fees in place. Fox was incorporated in Delaware in 2018, became a standalone public company in 2019, and is headquartered in New York City, with its fiscal year ending June 30.

The company operates in a highly competitive landscape, facing rivals across broadcast, cable, streaming, and digital media in both content acquisition and advertising sales.