Fox Broadcasting Company

About

The Fox Broadcasting Company, colloquially known as FOX, is an American commercial broadcast television network owned by Fox Corporation and headquartered in New York City. FOX is the first successful attempt at establishing a "fourth television network" in the United States — i.e., a worthy competitor to the Big Three that dominated the commercial TV market since its inception: ABC, CBS, and NBC. Today, Fox Broadcasting is one of the leading media conglomerates and the only major US national broadcast network not backed by a film studio. Between October 1986 and June 2013, Fox Network operated as a wholly-owned subsidiary of its original founding enterprise, Rupert Murdoch's News Corporation; after publishing assets of the parent organization spun off as News Corp, FOX became part of a newly-formed Twenty-First Century Fox, Inc. conglomerate. After The Walt Disney Company acquired most of the 21st Century Fox International Inc. assets for $71.3 billion in July 2018, including 20th Century Fox, 20th Century Fox Television, and FX, FOX Network and cable channels were excluded from the deal — since Disney already owned American Broadcasting Company and mergers between the "Big Four" broadcast networks are blocked by FCC's antimonopoly regulations; thus, an independent Fox Corporation was established in March 2019 that currently controls the network.