The question of who owns the Wall Street Journal and Fox News is now more important than ever, especially with rising public scrutiny and legal battles surrounding both media giants in July 2025. These two iconic news outlets continue to shape global narratives—one through in-depth journalism, the other through powerful broadcasting.
Currently, both organizations are controlled by entities ultimately under the Murdoch family’s leadership. But how exactly are they structured? And what has changed recently?
Table of Contents
Ownership Uncovered: The Murdoch Media Legacy
Wall Street Journal is owned by Dow Jones & Company, which is a wholly owned subsidiary of News Corp. News Corp is a global media and publishing company controlled by the Murdoch family. Rupert Murdoch, who famously acquired Dow Jones in 2007, served as chairman before stepping back in 2023, handing over day-to-day control to his son, Lachlan Murdoch.
Fox News, on the other hand, is operated by Fox News Media, which is part of Fox Corporation. This company also falls under the influence of the Murdoch family. Lachlan Murdoch currently serves as chairman and CEO of Fox Corporation.
Key Points Summary
- Wall Street Journal → Dow Jones → News Corp (Murdoch-controlled)
- Fox News → Fox News Media → Fox Corporation (Murdoch-controlled)
- Lachlan Murdoch leads both companies
- Rupert Murdoch holds emeritus roles after stepping down from executive duties in 2023
See Also-Who Owns Fox News: 2025 Update
Who Owns the Wall Street Journal and Fox News: A Common Link
Despite operating under two different parent companies, both the Wall Street Journal and Fox News are ultimately owned and controlled by the Murdoch family. This has allowed the family to hold a significant influence over both print and television news for decades.
Over the years, this dual ownership has stirred both praise and criticism. While the Wall Street Journal is celebrated for its financial and investigative reporting, Fox News remains a dominant force in conservative political commentary.
Here’s how the structure breaks down:
| Outlet | Parent Company | Ownership | Leadership |
|---|---|---|---|
| Wall Street Journal | Dow Jones | News Corp (Murdoch family) | Lachlan Murdoch (Chairman) |
| Fox News | Fox News Media | Fox Corporation (Murdoch) | Lachlan Murdoch (CEO) |
Lawsuits and Controversy Keep Ownership in Headlines
In July 2025, the ownership of these companies was pushed into the spotlight once again as both News Corp and Fox Corporation face legal challenges. A high-profile defamation lawsuit worth $10 billion was filed against the Wall Street Journal by a former political leader, bringing intense focus back to its ownership and editorial decision-making.
Meanwhile, Fox News continues to battle its own lawsuits related to political coverage and misinformation claims. These cases are not just legal hurdles—they reflect public perception about who holds the power behind the press.
This growing legal pressure reinforces the importance of understanding who controls these influential platforms.
Corporate Strategy Under Lachlan Murdoch
Since assuming control in 2023, Lachlan Murdoch has steered both organizations with a more hands-off approach to editorial direction—at least on paper. Insiders, however, suggest that top-level influence remains a real factor in what stories are prioritized and how they’re covered.
Under Lachlan:
- Fox News continues to lead in cable news ratings.
- The Wall Street Journal has focused more heavily on political and investigative coverage.
- Both outlets have expanded their digital presence aggressively in 2025.
This strategy reflects a broader media transformation, with traditional news companies competing in a fast-paced digital economy. It’s clear the Murdoch family still sees strong value in controlling both legacy and modern news voices.
Shaping Public Opinion, Owning the Narrative
The question of who owns the Wall Street Journal and Fox News also speaks to the broader issue of media power in today’s democracy. When one family controls two of the most influential news sources—one on paper, one on television—it naturally raises questions about balance, fairness, and media independence.
Critics argue this concentration of control can lead to biased reporting. Supporters claim it provides stability and long-term vision in an era of media chaos.
Regardless of your stance, one thing remains certain: the Murdoch family’s media empire still plays a key role in shaping both national and global narratives.
Conclusion
Whether you’re reading an investigative piece in the Wall Street Journal or watching breaking political commentary on Fox News, the story behind the scenes remains the same. Both news powerhouses are rooted in a common ownership structure that traces directly to the Murdoch dynasty.
As lawsuits, leadership shifts, and content strategies evolve in 2025, understanding who owns the Wall Street Journal and Fox News helps us all better navigate the media we consume.
What do you think about this concentrated media ownership? Share your thoughts below and stay informed as this story develops.