However, its acquisition by Disney expected for closing in will change that. Fox would retain Fox News, their broadcast network, and sports channel FS1, among other assets. In July the deal was approved by shareholders and now moves on to regulatory approval around the world. The evolution of the acquisition and subsequent merger is ongoing with many moving parts.
It is a subsidiary of the media conglomerate 21st Century Fox. Its headquarters are in Beverly Hills , California.
With the considerable financial backing of Murdoch, the network began with 79 affiliate stations that reached 80 percent of homes in the United States.
Its first broadcast, a late-night talk show hosted by comedian Joan Rivers , aired on October 9, The following March, the network expanded into prime-time programing on Saturday and Sunday nights.
Over the next seven years, the company increased broadcast hours until the network was on the air seven nights a week and gained more affiliates , making it available across the country.
Early hits for the company in the late s included the comedy Married…with Children, which aired for 11 seasons; The Simpsons , the longest running sitcom and animated series in U.
Fox News Channel , a satellite and cable news network, was launched in and soon attracted more regular viewers than any other news network.
A radio division, Fox News Radio, was introduced in The channel was shuttered in Later prime-time hits for Fox included the dramas The O. This article was most recently revised and updated by Adam Augustyn , Managing Editor. Learn More in these related Britannica articles:.