Fox
News, aka Fox News Channel (FNC) is an American cable and satellite tv news
company launched in 1996. They are owned by Fox Entertainment Corporation, a
subsidiary to 21st Century Fox, sister company of News Corporation. It
broadcasts worldwide and is owned by Rupert Murdoch, a media mogul. It was
headed by the now deceased Roger Ailes (a former Republican Party media
consultant for Nixon, Reagan, Bush Senior and Rudy Guiliani).
It is
the most watched news channel in America. It has an XM and Sirius Satellite
radio presence and shows up to 17 hours of live broadcasting a day. It has at
least 39 different programs, and
149 On Air Personalities. They have a radio presence, major website, and also
run the Fox Business Network which is available in more than 80 million
American households and is the delivers "real-time information across all platforms
that impact both Main Street and Wall Street." (Fox News Careers) FNC also
operates Fox News Radio which is "a 24/7 news service reaching more than
34 million listeners a week on over 1,250 affiliated radio stations. The
network features a comprehensive hourly five-minute newscast along with one-minute
newscasts, business updates and breaking-news coverage." Their website is
foxnews.com.
In
2016, sexual harassment allegations against Ailes were thrown
into the spotlight as he was sued by Gretchen Carlson, a Fox News Anchor. That
opened the floodgates for other sexual harassment claims
and evidence of cover-ups and settlements came to light. Roger Ailes was thrown
out, as well as his second-in-command, Co-President Bill Shine. A little less
than a year later, The New York Times released an article revealing that top
Fox talk show host Bill O'Reilly had been accused of sexual harassment and had
settled out of court with at least five women for a sum of over $13 million.
This escalated further with popular then Fox News Anchor Megan Kelly coming
forward with allegations of sexual harassment from Ailes and
O'Reilly. Rupert Murdoch has placed Jack Abernathy in charge and
there has been a massive shake up in staffing that has left Fox reeling.
Fiscal:
Market Share-
Worth: $10.4 billion,
$15.5 billion in sales. They place #56 on the Forbes 500 list.
Parent company 21st
Century Fox is worth $28.5 billion.
The image below is a
snapshot of 21st Century Fox's market profile as on 01/08/2018.
Ad Sponsorship
$8, 286
per 30 seconds of ad time. In comparison, CNN makes $5,122. MSNBC $3,139.
Political Donations-
You can read the Open
Secrets profile on News Corp here. 21st Century Fox has
a PAC, and you can check it out here.
Social:
Audience Views
According
to a survey by Pew Research
Center, FNC is watched by up to 39% of survey respondents a week, and while it
draws a wide proportion of it's audience from across the ideological spectrum,
it's overall audience skews more conservative. Conservatives make up 46% of
it's audience vs. 26% of all survey respondents.
 |
Image
credit: Pew Research Center
|
Diversity
The
demographics of Fox News are unknown, however Fox News is currently facing more than eleven high
profile sexual harassment lawsuit
and racial discrimination lawsuit.
Scandals
You can
read up on all their controversies here, but the most notable ones allege
conservative or right leaning bias, sexual harassment, and racial
discrimination.
CSR Rating
Fox
Entertainment/Fox News Channel has no publicly listed policies regarding
Corporate Social Responsibility. 21st Century has a section dedicated to it on
their website that you can check out here up on their website.
They have a rating of 49 out of 100 on CSR Hub.
Governance:
Organizational Management
Unknown.
Leadership
Fox
News Channel is owned by Fox Entertainment Group which is owned by 21st Century
Fox, a sister company to News Corporation, of which both are owned by the
worlds largest media mogul, Rupert Murdoch and his sons.
Founder/Owner
Co-President
President, Programming
and Development
President, Advertising
Sales
Senior Vice President,
News Operations
Executive Vice
President, Human Resources and Head of Compliance
President, News
Chief Financial Officer
Dianne Brandi (Has
voluntarily left as of 10/6/2017, no replacement yet.)
Executive Vice
President, Legal and Business Affairs
Executive Vice
President, Corporate Communications
Journalistic Ethics
Fox News Channel itself
has no public facing journalist ethics or guidelines page. They also do not
make publicly available their company policies regarding corporate governance.
21st Century Fox has a corporate governance section,
but it is unknown if Fox Entertainment adheres to the same rules.
General:
Size
15
offices, between 12500 employees. They do not specify. Their offices are
located in: New York (Headquarters), Atlanta, Boston, Chicago, Dallas, Denver,
Jerusalem, London, Los Angeles, Miami, Paris, Rome, San Francisco, Seattle, and
Washington, D.C..
Readership/viewers number
Fox
News is available in 94,700,000 US households. 81.4% of cable, satellite
and Telco customers receive Fox News. In 2017, they averaged 1.4
million total viewers and 2.2 million during prime time. They claim to be the
most watched news channel in the US for more than 14 years. Fox
news is broadcast in 56 other countries including the UK, Ireland, Canada,
Singapore, Pakistan, Brazil, France, Indonesia, Israel, South Africa, the
Philippines, and Italy.
Type of company
Private.
Politifact Rating
60% of
statements made by Fox News Anchors are in the false category as rated by Politifact.
Awards won
FNC has
not won any awards for journalistic excellence.
Sources:
https://www.washingtonpost.com/lifestyle/style/megyn-kelly-blasts-bill-oreilly-on-her-nbc-morning-show/2017/10/23/df4a232c-b7f9-11e7-be94-fabb0f1e9ffb_story.html?utm_term=.3abbd409a2ea
https://www.politico.com/blogs/on-media/2016/07/gretchen-carlson-files-lawsuit-against-roger-ailes-alleging-sexual-harassment-225162
https://www.csrhub.com/CSR_and_sustainability_information/Twenty-First-Century-Fox-Inc
https://impact.21cf.com/
https://www.marketwatch.com/investing/stock/fox/profile
http://investor.21cf.com/sec.cfm?DocType=Annual&Year=&SortOrder=Date+Descending&FormatFilter=
http://www.morningstar.com/stocks/XNAS/FOXA/quote.html
https://www.forbes.com/companies/fox/
https://www.nytimes.com/2017/09/22/nyregion/douglas-wigdor-fox-news.html
https://www.nytimes.com/2017/11/20/business/media/fox-news-sexual-harassment.html
https://www.mediamatters.org/blog/2017/01/10/both-roger-ailes-replacements-have-now-been-accused-participating-fox-news-culture-sexual-harassment/214968
https://www.usnews.com/news/entertainment/articles/2017-04-26/fox-anchor-says-network-does-little-about-racial-diversity
http://www.journalism.org/interactives/media-polarization/outlet/fox-news/
https://www.fec.gov/data/committee/C00330019/?tab=spending
http://www.adweek.com/tvnewser/heres-how-much-it-cost-to-advertise-on-fox-news-cnn-and-msnbc-in-2017/352837
http://careers.foxnews.com/about
https://www.21cf.com/investor-relations
http://www.politifact.com/punditfact/tv/fox/
http://www.foxnews.com/entertainment/2017/09/26/fox-news-is-no-1-cable-news-network-for-63rd-straight-quarter.html
https://www.21cf.com/corporate-governance/statement-corporate-governance
https://www.bloomberg.com/research/stocks/private/person.asppersonId=393701&privcapId=212741644
https://www.21cf.com/management/executive-team
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=393697
https://newscorp.com/corporate-governance/board-of-directors/
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