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Fox Corporation officially separated as a distinct public company on March 19, 2019.
Answer: True
Explanation: Fox Corporation was officially established as a standalone public company on March 19, 2019, following the spin-off of certain assets from 21st Century Fox.
Following the spin-off, Fox Corporation retained the 21st Century Fox film studios.
Answer: False
Explanation: The 21st Century Fox film studios, such as 20th Century Studios, were part of the assets acquired by The Walt Disney Company, not retained by Fox Corporation.
The independent company formed from the remaining assets of 21st Century Fox retained its original name, Fox Corporation.
Answer: True
Explanation: The independent company formed from the spin-off retained the name Fox Corporation; it was not renamed 'Fox Entertainment Group'.
Fox Corporation replaced 21st Century Fox on the S&P 500 index on March 19, 2019.
Answer: True
Explanation: Upon its official establishment as a separate public company on March 19, 2019, Fox Corporation was listed on the S&P 500 index, replacing 21st Century Fox.
Fox Corporation launched Fox Entertainment Studios in September 2022 to produce television content in-house.
Answer: True
Explanation: The establishment of Fox Entertainment Studios in September 2022 marked Fox Corporation's strategic move into in-house television production.
A proposed merger between Fox Corporation and News Corp was successfully completed in January 2023.
Answer: False
Explanation: Explorations into a potential merger between Fox Corporation and News Corp were abandoned in January 2023 due to shareholder opposition.
Fox Corporation's main divisions include Fox Entertainment, Fox Television Stations, Fox News Media, Fox Sports Media Group, and Tubi Media Group.
Answer: True
Explanation: The primary business segments of Fox Corporation are Fox Entertainment, Fox Television Stations, Fox News Media, Fox Sports Media Group, and Tubi Media Group.
The official website for Fox Corporation is foxnews.com.
Answer: False
Explanation: The designated official website for Fox Corporation is foxcorporation.com, distinct from the news outlet's website, foxnews.com.
Fox Corporation and News Corp are sister companies, both led by Lachlan Murdoch.
Answer: True
Explanation: Fox Corporation and News Corp share a common founder and leadership structure, with Lachlan Murdoch serving as the leader of both entities.
Fox News Media operates the Fox Business Network and Fox Weather, in addition to the main Fox News Channel.
Answer: True
Explanation: The portfolio of Fox News Media encompasses the Fox News Channel, Fox Business Network, and the weather-focused channel, Fox Weather.
The Sun and The Times are major newspapers published by News Corp Australia.
Answer: False
Explanation: The newspapers 'The Sun' and 'The Times' are publications of News UK, distinct from News Corp Australia.
On what date did Fox Corporation officially become an independent public company?
Answer: March 19, 2019
Explanation: Fox Corporation officially commenced operations as an independent public entity on March 19, 2019.
Which of the following assets was retained by Fox Corporation after the spin-off?
Answer: Fox News Channel
Explanation: Following the spin-off and subsequent sale of other assets, Fox Corporation retained key properties including Fox News Channel, Fox Business, Fox Sports, and the Fox Broadcasting Company.
What was the primary reason for the creation of Fox Corporation as a separate entity?
Answer: To facilitate Disney's acquisition of other 21st Century Fox assets
Explanation: The creation of Fox Corporation as a separate entity was primarily a strategic maneuver to facilitate The Walt Disney Company's acquisition of the film, television, and cable entertainment divisions of 21st Century Fox.
What was the purpose of launching Fox Entertainment Studios in September 2022?
Answer: To produce television content in-house
Explanation: Fox Corporation launched Fox Entertainment Studios in September 2022 to facilitate its first venture into entirely in-house television production.
What was the outcome regarding the proposed merger exploration between Fox Corporation and News Corp in January 2023?
Answer: The merger was abandoned due to shareholder opposition.
Explanation: The exploration into a potential merger between Fox Corporation and News Corp, initiated in late 2022, was abandoned in January 2023 following opposition from shareholders and key figures.
Which of the following is NOT listed as a main division of Fox Corporation?
Answer: 20th Century Studios
Explanation: 20th Century Studios was part of the assets acquired by Disney. The main divisions of Fox Corporation include Fox Entertainment, Fox Television Stations, Fox News Media, Fox Sports Media Group, and Tubi Media Group.
What is the official web address for Fox Corporation?
Answer: www.foxcorporation.com
Explanation: The official website for Fox Corporation is foxcorporation.com.
The Walt Disney Company's acquisition of 21st Century Fox assets was initially proposed at approximately $52.4 billion.
Answer: True
Explanation: The initial proposal from The Walt Disney Company to acquire specified assets of 21st Century Fox was valued at approximately $52.4 billion.
Disney was able to acquire Fox's broadcast network assets without issue due to favorable FCC regulations.
Answer: False
Explanation: Disney could not acquire Fox's broadcast network assets due to the FCC's 'dual network rule,' which prohibits mergers between the top broadcast networks, as Disney already owned ABC.
Comcast initiated a bidding war for the 21st Century Fox assets by making a counter-offer to Disney's initial bid.
Answer: True
Explanation: Comcast engaged in a bidding war with Disney for the 21st Century Fox assets, ultimately increasing the final sale price.
Fox Corporation's regional sports networks were divested as part of the approval process for the Disney acquisition.
Answer: True
Explanation: The U.S. Department of Justice required the divestiture of Fox's regional sports networks as a condition for approving Disney's acquisition of other 21st Century Fox assets.
Which company initially announced its intention to acquire the film, television production, and cable entertainment divisions of 21st Century Fox?
Answer: The Walt Disney Company
Explanation: The Walt Disney Company was the first major entity to announce its intention to acquire the film, television production, and cable entertainment divisions of 21st Century Fox.
Why was Disney prevented from acquiring Fox's broadcast network assets?
Answer: Because of an FCC policy known as the 'dual network rule' and Disney's ownership of ABC.
Explanation: The FCC's 'dual network rule,' which prohibits mergers between the top broadcast networks, prevented Disney from acquiring Fox's broadcast network assets, as Disney already owned ABC.
What was the final, increased acquisition price agreed upon by Disney for the 21st Century Fox assets after competitive bidding?
Answer: $71.3 billion
Explanation: Following competitive bidding, Disney's acquisition price for the 21st Century Fox assets was finalized at $71.3 billion.
Which Fox assets were required to be divested by the U.S. Department of Justice as a condition for approving the Disney acquisition?
Answer: Regional Sports Networks
Explanation: The U.S. Department of Justice mandated the divestiture of Fox's regional sports networks as a condition for approving Disney's acquisition of other 21st Century Fox assets.
Fox Corporation acquired a significant stake in The Stars Group to expand into the online gambling market.
Answer: True
Explanation: In May 2019, Fox Corporation acquired a stake in The Stars Group to establish its presence in the online gambling sector through the 'Fox Bet' platform.
In August 2019, Fox Corporation acquired the animation studio Bento Box Entertainment for $50 million.
Answer: True
Explanation: Fox Corporation acquired Bento Box Entertainment, an animation studio, in August 2019 for an estimated $50 million.
Fox Corporation acquired the streaming service Tubi for $440 million in April 2020.
Answer: True
Explanation: In April 2020, Fox Corporation completed the acquisition of the streaming service Tubi for $440 million.
Fox Corporation acquired TMZ from Warner Bros. Discovery in September 2021.
Answer: True
Explanation: Fox Corporation acquired the celebrity news outlet TMZ from WarnerMedia in September 2021.
Fox Corporation acquired Caliente TV in June 2025 to expand its sports broadcasting presence in Mexico.
Answer: True
Explanation: In June 2025, Fox Corporation acquired Caliente TV, a Mexican sports broadcasting platform, to enhance its sports programming reach within Mexico.
In July 2025, Fox Corporation acquired a majority stake in Penske Entertainment, including media rights to the IndyCar Series.
Answer: False
Explanation: Fox Corporation acquired a one-third stake in Penske Entertainment in July 2025, securing an extension of its media rights for the IndyCar Series, rather than a majority ownership of the company.
Tubi Media Group was established in April 2023 to consolidate Tubi, Credible Labs, and other Fox digital platforms.
Answer: True
Explanation: Tubi Media Group was formed in April 2023 as a dedicated digital business unit encompassing Tubi, Credible Labs, and other digital assets of Fox Corporation.
What was the purpose of Fox Corporation's acquisition of a stake in The Stars Group in May 2019?
Answer: To enter the online gambling market via 'Fox Bet'
Explanation: Fox Corporation acquired a stake in The Stars Group to establish its presence in the online gambling sector, co-developing sports betting products under the branding 'Fox Bet'.
Which animation studio did Fox Corporation acquire in August 2019?
Answer: Bento Box Entertainment
Explanation: In August 2019, Fox Corporation acquired the animation studio Bento Box Entertainment.
For what amount did Fox Corporation purchase the streaming service Tubi?
Answer: $440 million
Explanation: Fox Corporation acquired the streaming service Tubi in April 2020 for a sum of $440 million.
From which company did Fox Corporation acquire the celebrity news outlet TMZ?
Answer: WarnerMedia
Explanation: Fox Corporation acquired the celebrity news outlet TMZ from WarnerMedia in September 2021.
What is the name of the new American streaming service Fox announced plans to launch in August 2025, targeting cord-cutters?
Answer: Fox One
Explanation: Fox Entertainment launched 'Fox One,' a new American streaming service aimed at cord-cutters and cord-nevers, in August 2025.
What was the purpose of Fox Corporation's acquisition of a one-third stake in Penske Entertainment in July 2025?
Answer: To extend its media rights for the IndyCar Series.
Explanation: Fox Corporation acquired a one-third stake in Penske Entertainment in July 2025, which included an extension of its media rights for the IndyCar Series.
Which podcast and media company did Fox acquire in February 2025 to broaden its reach in the podcast market?
Answer: Red Seat Ventures
Explanation: In February 2025, Fox Corporation acquired Red Seat Ventures, a podcast and media company, to expand its presence and capabilities within the podcast market.
Fox Corporation reported revenues of $13.98 billion for the fiscal year ending June 30, 2024.
Answer: True
Explanation: For the fiscal year concluding on June 30, 2024, Fox Corporation announced revenues totaling US$13.98 billion.
Fox Corporation's net income for the fiscal year ending June 30, 2024, was approximately $1.5 billion.
Answer: True
Explanation: The net income reported by Fox Corporation for the fiscal year ending June 30, 2024, was approximately US$1.501 billion.
As of 2024, Fox Corporation employed 10,200 people.
Answer: True
Explanation: Fox Corporation's workforce comprised 10,200 employees as of 2024.
Fox Sports holds broadcasting rights for major leagues including the NFL, MLB, and the Premier League.
Answer: False
Explanation: According to the provided information, Fox Sports' broadcasting rights include the NFL, MLB, and MLS, but do not extend to the Premier League.
What is the primary industry sector in which Fox Corporation operates?
Answer: News and Sports Broadcasting
Explanation: Fox Corporation primarily operates within the media industry, with a significant focus on news and sports broadcasting, alongside television production and digital platforms.
What was Fox Corporation's reported revenue for the fiscal year ending June 30, 2024?
Answer: $13.98 billion
Explanation: Fox Corporation reported revenues of US$13.98 billion for the fiscal year that concluded on June 30, 2024.
How many employees did Fox Corporation have as of 2024?
Answer: 10,200
Explanation: As of 2024, Fox Corporation's global workforce consisted of 10,200 employees.
Which major sports leagues' broadcasting rights are held by Fox Sports, according to the provided information?
Answer: NFL, MLB, and MLS
Explanation: Fox Sports holds broadcasting rights for major leagues including the NFL, MLB, and MLS, among others like the IndyCar Series and college sports.
Lachlan Murdoch exercises control over Fox Corporation through a family trust holding a significant voting stake.
Answer: True
Explanation: The family trust controlled by Lachlan Murdoch holds 36% of Fox Corporation's voting shares, which constitutes control, though not a majority stake exceeding 50%.
Lachlan Murdoch was appointed as the leader of the newly formed independent company, named 'New Fox'.
Answer: True
Explanation: Lachlan Murdoch was confirmed to lead the newly formed independent company, which retained the name Fox Corporation.
Paul Ryan joined Fox Corporation's board of directors in April 2019.
Answer: False
Explanation: Paul Ryan joined Fox Corporation's board of directors in March 2019, not April.
In September 2024, Rupert Murdoch sought to alter the family trust to maintain the company's conservative political bias.
Answer: True
Explanation: Rupert Murdoch initiated legal proceedings in September 2024 to modify the family trust, reportedly to preserve the conservative political stance of the media outlets.
A Nevada probate court ruled in favor of Rupert Murdoch's bid to change the family trust in December 2024.
Answer: False
Explanation: In December 2024, a Nevada probate court ruled against Rupert Murdoch's attempt to alter the family trust, finding that the actions taken demonstrated bad faith.
Who is identified as the controlling shareholder of Fox Corporation?
Answer: Lachlan Murdoch through a family trust
Explanation: Lachlan Murdoch, through a family trust, is identified as the controlling shareholder of Fox Corporation.
Who assumed leadership of the newly formed Fox Corporation?
Answer: Lachlan Murdoch
Explanation: Lachlan Murdoch assumed leadership of the newly formed Fox Corporation following its establishment as an independent entity.
What was the reported reason for Rupert Murdoch's attempt to alter the family trust in 2024?
Answer: To ensure the conservative political bias of the media outlets
Explanation: Rupert Murdoch sought to alter the family trust in 2024, reportedly to maintain the conservative political bias of the company's media outlets, amid perceived differing political views among his children.
What was the ruling by the Nevada probate court in December 2024 concerning the Murdochs' actions regarding the family trust?
Answer: The court ruled the Murdochs acted in bad faith.
Explanation: In December 2024, the Nevada probate court ruled against Rupert Murdoch's bid to change the family trust, determining that the actions taken demonstrated bad faith.