The Fox News Channel (FNC), commonly known as Fox News, is an American multinational conservative news and political commentary television channel and website based in New York City. It is owned by Fox News Media, which itself is owned by the Fox Corporation. It is the most-watched cable network in the U.S., and as of 2023 generates approximately 70% of its parent company’s pre-tax profit. The channel broadcasts primarily from studios at 1211 Avenue of the Americas in Midtown Manhattan. Fox News provides a service to 86 countries and territories, with international broadcasts featuring Fox Extra segments during advertising breaks.
The channel was created by Australian-American media mogul Rupert Murdoch in 1996 to appeal to a conservative audience, hiring former Republican media consultant and CNBC executive Roger Ailes as its founding CEO. It launched on October 7, 1996, to 17 million cable subscribers. Fox News grew during the late 1990s and 2000s to become the dominant United States cable news subscription network. By September 2018, 87 million U.S. households (91 percent of television subscribers) could receive Fox News. In 2019, it was the top-rated cable network, averaging 2.5 million viewers in prime time. As of April 2022, Murdoch is the executive chairman since 2016, and Suzanne Scott has been the CEO since 2018.
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