Fox News Channel (FNC) is a United States-based cable and satellite news channel. It is owned by the Fox Entertainment Group, and is a subsidiary of News Corporation. As of January 2005, it is available to 85 million households in the U.S. and further to viewers internationally, broadcasting primarily out of its New York City studios.
The channel was created by Australian media magnate Rupert Murdoch, who hired Republican political strategist Roger Ailes as its founding CEO. The network was launched on October 7, 1996 to 17 million cable subscribers. The network slowly rose to prominence in the late 1990s. In the United States, Fox News Channel has been rated as the cable news network with the largest number of regular viewers.
For the year 2007, Fox News was the number-one rated cable news network in the United States. It was down one percent in total daily viewers and down three percent in the 25-54 year old demographic, but it still boasted most of the top-rated shows on cable news led by The O’Reilly Factor. For primetime, TV Fox News ranked #6 of all cable networks.
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