Fox News is an American news channel owned by Fox Entertainment Group which is a division of 21st Century Fox. The Pay TV mainly broadcasts from its studios located at 1211 Avenue of the Americas in NYC. The channel was founded by Australian-American media tycoon Rupert Murdoch and was launched on Oct 7 1996 to serve 17m cable subscribers. It experienced major growth during late 1990s and 2000s in United States and today has a reach to 86 countries and overseas territories across the globe. Critics of the media have blamed fox for biased reporting to please and Promote George W. Bush and Trump administrations all the time.
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Murdoch and his friend Marvin Davis in May 1985 spoke about their idea to introduce a fourth marketing force to compete with ABC, CBS and NBC by setting up a network of independent stations and it would be done by acquiring six stations of Metromedia. One month later in July 1985, it was announced by 20th Century Fox that the Australian publisher has acquired the 50% stake in Fox Entertainment Group which parented 20th Century Fox Film Corporation.