Fox News is an American news outlet that keeps us updated on every news from around the globe. Very few know about the owners of such a big corporation, and well, it rarely crosses our minds, and we tend to ignore such information.
But there is one company called BlackRock that many think of as the sole owner. So, if you also wondered, does BlackRock own Fox News? You should read ahead to know the answer.
Does Blackrock own Fox News?
The direct answer to this will be yes but also no. BlackRock does own some part of Fox News. Like any other major firm, Fox has many shareholders, not just them. But as they are one of the most significant shareholders, they have a major impact on Fox News.
And not just Fox but BlackRock owns shares of almost all the critical media outlets you know. The list includes channels like CNN, MSNBC, ABC, and CBS, and they also have claims on other giants like Apple, Windows, Pfizer, Moderna, AstraZeneca, and J&J.
How much of Fox News does Black rock own?
Black Rock is a multi-billion-dollar investment company set in New York, which was first established in 1988 as a risk management company. It has grown as a behemoth of an asset manager with almost 10 trillion dollars in assets under its management. But BlackRock is not free of controversies for its unparalleled investments in China.
BlackRock owns around 15.10% of Fox News, a subsidiary of Fox corporation as per the 13G/A form filed by them with the SEC.As of April 2023
Did Blackrock have anything to do with firing Tucker Carlson?
There has been recent speculation in social media that BlackRock and Rupert Murdoch may have persuaded the company to fire Tucker Carlson. Although, these are pure speculations without any concrete evidence, Black Rock is definitely a major shareholder in Fox News and has sway in the companies decisions.
Other Major Owners/Shareholders of Fox News
1. Murdoch Family Trust
Fox Corporation is an American media corporation headed by Rupert Murdoch, the media tycoon. The family trust of the Murdoch family owns 42.3% of the company.
Rupert Murdoch handles the position of Chairman, and his son Lachlan Murdoch is the CEO and executive chairman. Together they run Fox News, Fox Sports, Fox Broadcasting Company, etc.
2. The Vanguard Group, Inc.
Vanguard is a Pennsylvania-based investment advisor firm with almost 7 trillion dollars’ worth of global assets under management. It only comes second to BlackRock when it comes to providing exchange-traded funds.
Along with BlackRock and State Street, Vanguard dominates the corporate sector of America. It has a stake of 6.3% in the Fox Corporation.
3. Dodge & Cox
Dodge & Cox is a mutual fund company established in 1930 that provides investment management services. They specialize in value investing and are the best in the market in their sector. The company was founded by Van Duyn Dodge along with E. Morris Cox and is currently headed by Charles Pohl as its Chairman and Dana Emery as its CEO. They own 4.9% of Fox corporation.
4. Yacktman Asset Management LP
Yacktman is another investment firm based in Austin, Texas, functioning since 1992. They are a highly celebrated investment manager with a distinctive and value-oriented approach.
3.52% of Fox Corp shares belong to them.
- Who holds the majority of shares in Fox News?
- The Murdoch Family Trust is the primary shareholder of Fox News, owning 42.3% of the company. Rupert Murdoch serves as the Chairman, with his son Lachlan Murdoch acting as the CEO and executive chairman.
- Does BlackRock hold a controlling interest in Fox News?
- No, while BlackRock is a significant shareholder of Fox News with around 15.10% ownership as of April 2023, it does not have a controlling interest. The Murdoch Family Trust has the largest stake.
- Are the rumors about BlackRock’s involvement in firing Tucker Carlson true?
- There has been speculation on social media about BlackRock’s influence over Fox News’ decisions due to its sizable shareholding. However, these claims regarding Tucker Carlson’s firing are speculative, and no concrete evidence supports these allegations.
Wrapping It Up
It is clear to us that Fox News is definitely not owned by one particular company. Many corporations are behind its success, and they all significantly influence its operations. We hope we have delivered the answer to your question on this matter.