Fox Corporation, commonly known as Fox, is an American multinational mass media company controlled primarily by the Murdoch family. Lachlan Murdoch controls the company via a family trust holding 36% voting shares, and Rupert Murdoch serves as chairman emeritus. Lachlan Murdoch is the chairman and CEO of Fox Corporation. The company was formed in 2019 as a spin-off from 21st Century Fox and includes assets such as Fox Broadcasting Company, Fox News, Fox Sports, and Fox Business, among others. The ownership structure includes a dual-share system that allows the Murdoch family significant control over the company.