Who Funds Fox News?

Fox News is part of a biased news system that has created Trump, and it's the #1 cable news network! Still.

So how does Fox News get its funding?

• Advertisers like Liberty Mutual, GM, Proctor & Gamble, Intuit, Norton LifeLock, Nestle, Kraft, Heinz, Chewy, Toyota, Subaru and more. 

• Cable News Carriers like Xfinity, Spectrum, DirectTV, Cox, Dish, and all streaming TV providers like YouTubeTV, HuluTV, Sling TV, Fubo. If you subscribe to one of these cable/streaming TV providers, you personally pay about $30 a year directly to cable news, even if you don't watch it! Fox is heavily reliant on these carriage fees! Cut your cable and streaming TV accts.

• Local Fox affiliates like Western Mass News pay millions in affiliate fees to Fox Corporation in order to show their programming, sports and TV shows. They depend heavily on affiliate fees!

The Media Ecosystem

• The media ecosystem relies on attention and revenue. The average cable TV subscriber pays approximately $2.00+ per month to Fox News through their cable provider (the infamous "Fox Fee"), making it one of the most expensive cable news channels in a basic cable package. These "carriage fees" are charged to cable providers for every subscriber, regardless of whether they watch the channel.

• Cost Breakdown: While often cited around $2.00+ per month, some reports indicated negotiations aimed to push this figure higher.

• Comparison: This fee is higher than those paid to competitors like CNN ($1.06) and MSNBC ($0.36). *as of 2023

• Industry Impact: These fees are so substantial that Fox News could maintain a profit margin of over 35% without any advertising revenue. (!!)

• The high cost is due to Fox News being bundled into basic, "must-have" cable packages.

• Also, local broadcasting stations, like WGGB, require significant payment from cable service providers, like Xfinity, or streaming TV, like YouTubeTV, to retransmit their Fox programming. That cost is then passed on to the consumer as a Local Broadcasting Station Surcharge, as much as $5 per month or more.

• The Big Four major TV networks charge local TV stations who charge cable service providers who charge you, the consumer. 

• As consumers cut off cable TV and streaming TV apps, Fox corporation leverages regular Fox programming by threatening blackouts of programs and sports people want to watch. They also began diversifying into digital media in 2018 that will continue to protect them from cord cutting.

Funding Fox Corporation directly supports Fox News. Fox News Media is a primary division of Fox Corporation, which operates as a consolidated entity focused on news, sports, and entertainment. Funding through investments, advertising, or cable fees directly aids the financial health of the Fox News brand. 

• Corporate Structure: Fox Corporation owns Fox News Media, FOX Sports, FOX Television Stations, and Tubi Media Group.

• Revenue Sharing: Profits generated by Fox Corporation, often driven by high carriage fees for Fox News, support the broader portfolio, making Fox News the "financial crown jewel" of the corporation.

• Advertising: Advertisers purchasing time across Fox Corporation platforms, including Fox News, directly bankroll the network.

• Investment: Investors holding Fox Corporation stock (such as Vanguard, Blackrock, or State Street) are investing in the parent company that operates Fox News. 

In essence, because Fox News is a key business unit of the parent corporation, financial support for the company benefits the network's operations.