Who owns Fox News and CNN? – When it comes to news coverage, many people assume that CNN and Fox News are opposites – one liberal, the other conservative. The truth, however, may surprise you! While CNN was founded in 1980 by a prominent Democrat who went on to serve as President Jimmy Carter’s press secretary, Fox News was founded just two years later by two men who are still major players in media today – Rupert Murdoch, chairman of News Corp., and Roger Ailes, chairman and CEO of Fox Television Stations Group.
So what else do you need to know about these major news networks? Let’s find out who owns Fox News and CNN.
Who owns Fox News and CNN?
Let’s find out first who owns Fox News and then CNN.
Who owns Fox News? – Parent companies
While it’s no secret that Rupert Murdoch’s News Corporation owns Fox News, many people are surprised to learn that the Turner Broadcasting System – a subsidiary of Time Warner – is the parent company of CNN. Turner Broadcasting also owns a number of other cable news channels, including HLN, TNT, and TBS.
Fox News – Rupert Murdoch, Lachlan Murdoch, James Murdoch
Rupert Murdoch is an Australian-American media mogul who founded the Fox News Channel in 1996. Lachlan Murdoch is the eldest son of Rupert Murdoch and is the Executive Chairman of 21st Century Fox. James Murdoch is the second son of Rupert Murdoch and is the current CEO of 21st Century Fox. Despite being owned by Rupert Murdoch, Fox News has been critical of him in recent years.
Who owns CNN ? – Time Warner
Most people know that Rupert Murdoch’s 21st Century Fox conglomerate owns Fox News. But did you know that Time Warner – one of the world’s largest media companies – also owns a major news network? That’s right, CNN is owned by Time Warner, which also owns HBO, Warner Bros., and a host of other television channels and websites. So when you’re watching CNN, you’re actually watching a product of one of the biggest media conglomerates in the world.
FOX (News Corp) Competitors
Though it is often said that FOX News is owned by Rupert Murdoch, this is not technically true. News Corporation, which was founded by Murdoch, is the parent company of FOX News. However, 21st Century Fox, which was spun off from News Corp in 2013, now serves as the parent company of FOX News. So who does Rupert Murdoch own now? Well, he’s the Executive Chairman of 21st Century Fox. As for CNN, it is owned by Turner Broadcasting System, which is a subsidiary of Time Warner.
Cablevision Acquires Newsday, A Long Island Newspaper
Cablevision has announced that it has acquired Newsday, a Long Island newspaper, from Tribune Company. This move comes as Cablevision looks to expand its footprint in the New York area. Tribune Company will continue to own and operate the paper’s printing plant in Melville.
Comcast Time Warner Merger Threatens Competition, Media Diversity
On Wednesday, the U.S. Department of Justice filed an antitrust lawsuit to block the proposed merger of Comcast and Time Warner Cable, two of the nation’s largest providers of broadband Internet service. The suit argues that the merger would give Comcast too much power over both the means of distribution and the content that flows over its network. This would lead to higher prices, fewer choices, and worse service for consumers.
Viacom And CBS Merger Faces Major Hurdles
Viacom and CBS Corporation are two of the world’s largest entertainment companies. They’re also both controlled by the same family. That could be about to change.
21st Century Fox Buys Wall Street Journal Parent Dow Jones for $5 Billion
Rupert Murdoch’s 21st Century Fox has reached a deal to buy the Wall Street Journal’s parent company, Dow Jones, for $5 billion. The deal will give Murdoch control of one of the most influential newspapers in the country. This is not Murdoch’s first foray into the world of news media, as he already owns Fox News. The deal is subject to regulatory approval and is expected to close in the fourth quarter of 2017.
Hope this article clear your questions that Who owns Fox News and CNN?
Most Asked Questions : Who owns Fox News and CNN?
Who owns Fox News?
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