Shareholder
Institutional investors
Institutional investors own a little more than 54% of Fox shares, with 10 accounting for almost one-third of the outstanding total. They include:
- Vanguard Group: 17.65 million shares worth $1.06 billion (7.49% of total shares)
- BlackRock (BLK -4.43%): 11.2 million shares worth $434.6 million (5.7%)
- State Street (STT -1.83%): 10.8 million shares worth $651 million (4.59%)
- Dodge & Cox: 7.3 million shares worth $440 million (3.1%)
- State of Wisconsin Investment Board: 6.4 million shares worth $389 million (2.74%)
- Yacktman Asset Management: 5.8 million shares worth $349 million (2.46%)
- Independent Franchise Partners: 5.21 million shares worth $313 million (2.21%)
- Geode Capital Management: 3.44 million shares worth $207 million (1.46%)
- Norges Bank Investment Management: 2.87 million shares worth $172 million (1.22%)
- Dimensional Fund Advisors LP: 2.75 million shares worth $165 million (1.17%)
Who is on the board of directors for Fox News?
The following seven individuals serve on the board of directors for Fox.
Board of Directors
Name | Title | Year elected to board |
|---|---|---|
Lachlan Murdoch | Executive Chair and CEO of Fox News | 2002 |
Tony Abbot | Former Prime Minister of Australia | 2023 |
William Burck | Global Co-Managing Partner of the law firm Quinn Emanuel Urquhart & Sullivan, LLP | 2021 |
Chase Carey | Former CEO of Formula 1 Racing | 2019 |
Roland Hernandez | CEO of Hernandez Media Ventures | 2019 |
Margaret "Peggy" Johnson | Former CEO of Magic Leap, Inc | 2023 |
Paul Ryan | Former Speaker of the U.S. House of Representatives | 2019 |
How to invest in Fox News
To buy shares of Fox, you'll need a brokerage account. If you still need to open one, these are some of the best-rated brokers and trading platforms. Here's a step-by-step guide to buying Fox stock:
- Open your brokerage account: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
Before you hit the "Place Order" button, figure out your budget. Are you in a position to invest in the market? Have you paid down high-interest credit card balances and created an emergency fund? How much can you spend? Do you want to buy all your Fox shares at once or periodically through dollar-cost averaging? These are all very good questions for any investor to ask -- and answer.
Next, do your homework. You may want to skip Fox stock if:
- You believe television news will continue to decline as an information source.
- You doubt the ability of a second generation of Murdochs to succeed.
- You think Fox shares are trading at unrealistically high prices.
- Your portfolio already has enough media stocks.
- You have concerns with the way Fox News reports stories and operates.
On the other hand, you may want to go ahead and buy Fox stock if:
- You think it's important to have a conservative news channel.
- You think television news will continue to be a major source of information.
- You'd like to balance your portfolio with a media stock.
- You think Fox stock is undervalued.
As with any other investment, there's a short answer to why you might consider investing in Fox: It depends. Factors that might affect your decision include the level of your portfolio diversification, personal risk tolerance, company and industry knowledge, and assessment of Fox's competitive position.
The bottom line
The media landscape has been extremely unsettled for more than two decades; witness the chaos sparked by mergers and acquisitions such as the AOL-Time Warner merger (2000), News Corp's acquisition of Dow Jones (2007), Comcast's (CMCSA +0.57%) purchase of NBC Universal (2009), Jeff Bezos' purchase of The Washington Post (2013), the CBS Corp.-Viacom merger (2019), or the New Media Investment Group's acquisition of Gannett (NYSE:GCI) (2019).
Unlike many media companies, Fox News' ownership is relatively stable, and the division of media into print properties owned by News Corp and broadcast holdings managed by Fox may insulate investors from downturns in either segment.
The media industry has been changing rapidly, though, and even stable ownership is unlikely to insulate a company from the ups and downs of a changing landscape. Investors would be wise to prepare for continued volatility, even in a family-controlled business like Fox.
