What is the Dominion Voting Systems defamation case and what was its impact on Fox News?

Dominion Voting Systems sued Fox Corporation for $1.6 billion in defamation damages in March 2021, alleging that Fox News broadcasters and guests made false claims that Dominion's voting machines were used to steal the 2020 U.S. presidential election from Donald Trump. The case was notable because: discovery revealed internal Fox News communications showing executives and hosts privately doubted the election fraud claims while continuing to broadcast them; this evidence directly supported Dominion's defamation argument. Fox settled the case for $787.5 million in April 2023 — the largest known defamation settlement in U.S. history — the night before the trial was scheduled to begin. Fox did not issue an on-air retraction as part of the settlement. Impact on Fox News: the settlement was a significant financial hit (offset partially by insurance); Fox News host Tucker Carlson (its highest-rated personality) was fired weeks after the settlement; advertiser concerns about brand safety adjacent to controversial political programming intensified. Fox News ratings have generally remained strong post-settlement among its core audience.

What is Tubi and why is it one of the largest streaming platforms by viewership?

Tubi is a free, advertising-supported streaming service (FAST — Free Ad-Supported Streaming TV) owned by Fox Corporation. Tubi offers a library of 50,000+ movies and TV shows available for free to anyone with an internet connection — no subscription required; content is funded by advertising (4-6 minute ads per hour, far less than traditional TV). Fox acquired Tubi in 2020 for $440 million. Tubi has grown to 80+ million monthly active users, making it one of the top 5 streaming services by viewership in the U.S. Why Tubi succeeded: free works — in an environment of growing subscription fatigue ($15/month for Netflix, $8/month for Disney+, $16/month for Max), free streaming attracts consumers who want entertainment without another subscription bill; library breadth — Tubi's 50,000+ title library includes older movies, classic TV, and acquired content; massive content breadth compensates for the lack of premium originals; demographics — Tubi skews toward younger and multicultural audiences that AVOD platforms reach effectively; Fox's ownership provides distribution through Fox broadcast relationships and Smart TV integrations.

What is REA Group and why is it important for News Corp's valuation?

REA Group is Australia's dominant online real estate advertising marketplace — operating realestate.com.au (the go-to property search platform for Australian buyers, sellers, renters, and agents) and related services in Australia and internationally. News Corp owns approximately 61% of REA Group. REA Group holds 70%+ market share of Australian digital real estate advertising, making it a near-monopoly in its core market. The Australian property market's cultural importance (homeownership rates are high; property investment is a national obsession) and the lack of a credible domestic competitor create extremely durable competitive advantages for REA. REA Group is publicly traded on the ASX (Australian Stock Exchange) with a multi-billion dollar market capitalization. For News Corp investors, REA Group represents a high-quality, high-growth business that frequently trades at a significant premium to the rest of News Corp's assets — some analysts argue that REA Group alone is worth close to News Corp's entire market cap, implying the WSJ, HarperCollins, Realtor.com, and other assets are effectively 'free' at News Corp's price. This sum-of-the-parts valuation argument is frequently made by News Corp bulls.

brimindinvest.com / compare / fox-vs-nwsLIVE

FOX

Fox Corporation · Communication Services - Broadcasting & Media

$46.95

-19.18% this month

VERSUS

⟷

COMPARE

NWS

News Corp · Communication Services - Publishing & Digital Real Estate

$28.75

-4.52% this month

Scoreboard verdict

Across AI score, momentum, valuation, upside, operating margin

FOX

3

NWS

1

FOX LEADS 3/5

Comparison scoreboard

FOX LEADS 3/5

AI Score

FOX 30.8

NWS ✓38.9

1Y Return

FOX ✓-5.40%

NWS -9.70%

Fwd P/E

FOX ✓10.39

NWS 22.66

Target Up.

FOX N/A

NWS N/A

Op. Margin

FOX ✓21.36%

NWS 10.11%

Metrics last refreshed: 6/20/2026

Quick take

FOX vs NWS Stock Comparison: AI Score, Valuation, Performance and Upside

FOX (Fox Corporation) and NWS (News Corp) are both Murdoch family-controlled media companies that emerged from the 2013 split of News Corporation — Fox Corp owns the television and news broadcasting assets (Fox News, Fox Sports, Tubi) while News Corp owns the print/digital media and real estate assets (WSJ, Realtor.com, HarperCollins, REA Group Australia). They were briefly considered for re-merger in 2022 but talks ended without a deal.

FOX vs NWS is television broadcasting with Fox News dominance and NFL sports rights (Fox Corp's cable news leadership, live sports broadcasting, and Tubi FAST platform providing diverse media revenue in a cord-cutting environment) versus publishing, professional information, and digital real estate marketplace assets (News Corp's Wall Street Journal premium subscription journalism, Realtor.com digital real estate competition with Zillow, and REA Group's Australian property portal dominance) — broadcasting and news TV versus print media and digital real estate.

Live analysis · updated 6/20/2026

FOX holds the edge across 3 of 5 key metrics in this comparison. FOX leads on both 1-year return (-5.40%) and forward P/E (10.39x vs 22.66x for NWS), a relatively favorable combination of momentum and valuation. On fundamentals, NWS is growing revenue faster (8.80%), while FOX maintains the higher operating margin (21.36%) — a classic growth-versus-profitability split.

Normalized 1Y performance

FOX

NWS

Recent returns

FOX

NWS

Analyst price targets & sentiment

FOX

Price target data unavailable

N/A

NWS

Price target data unavailable

N/A

Who should consider this stock?

FOX may suit investors who:

→Value Fox News's dominant cable news position and loyal conservative viewership as durable high-margin media assets with limited vulnerability to streaming disruption (news audiences prefer live and simultaneous broadcast)
→Want NFL sports broadcasting rights exposure — Fox Sports' NFC Sunday NFL games are among the most valuable sports rights in the U.S.; live sports remain the most resilient content in the streaming era
→See Tubi's rapid free-ad-supported streaming growth as undervalued within Fox Corp — Tubi's 80M+ monthly active users and FAST platform growth represent digital media asset value that may not be fully reflected in Fox Corp's traditional media valuation

NWS may suit investors who:

→Value the Wall Street Journal as a premium subscription news brand with pricing power in business/financial journalism that differentiates from general news commoditization
→See REA Group's dominant Australian digital real estate market leadership as an irreplaceable market position generating strong recurring revenue in Australia's property-focused investment culture
→Prefer News Corp's balance between publishing, digital real estate, and professional information services versus Fox Corp's TV-centric model, with less exposure to cable TV bundle decline

Performance & AI score

Metric	FOX	NWS
AI score	30.8	38.9
AI rank	#2215	#1217
Latest close	$46.95	$28.75
1M return	-19.18%	-4.52%
6M return	-25.62%	-2.90%
1Y return	-5.40%	-9.70%

$10,000 invested — hypothetical growth (dividends reinvested)

How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?

Period	FOX	NWS
1Y ago	$9.35K (-6.5%) started 2025-06-18	$8.9K (-11.0%) started 2025-06-18
5Y ago	$14.81K (+48.1%) started 2021-06-21	$12.74K (+27.4%) started 2021-06-21
10Y ago	$14.53K (+45.3%) started 2019-03-13	$30.41K (+204.1%) started 2016-06-20

Hypothetical — past performance does not guarantee future results.

Valuation & upside potential

Metric	FOX	NWS
Market cap	$24.76B	$15.93B
Trailing P/E	15.51	37.04
Forward P/E	10.39	22.66
Price/Sales	N/A	N/A
EV/Revenue	1.78	1.99
Analyst target	N/A	N/A
Target upside	N/A	N/A

Growth, profitability & risk

Metric	FOX	NWS
Revenue growth	-8.60%	8.80%
Earnings growth	-49.30%	-10.40%
EPS growth	-49.30%	-10.40%
FCF margin	+8.68%	+19.82%
Operating margin	21.36%	10.11%
Profit margin	10.56%	12.92%
ROIC proxy	15.20%	6.52%
Return on equity	15.20%	6.52%
Dividend yield	0.95%	0.68%
Beta	0.52	0.89
Debt/equity	67.87	31.56
Current ratio	2.90	1.70
Quick ratio	2.52	1.48

Drawdown & downside risk

Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.

1Y risk snapshot

FOX max drawdown31.04%

NWS max drawdown27.07%

FOX max wkly drop23.48%

NWS max wkly drop17.52%

5Y risk snapshot

FOX max drawdown32.96%

NWS max drawdown37.40%

FOX max wkly drop23.48%

NWS max wkly drop18.14%

10Y risk snapshot

FOX max drawdown50.70%

NWS max drawdown51.84%

FOX max wkly drop23.48%

NWS max wkly drop20.82%

Performance metrics by period

Period	Metric	FOX	NWS
1Y	Growth	-6.51%	-11.02%
	CAGR	-6.52%	-11.03%
	Sharpe ratio	-0.19	-0.52
	Max drawdown	31.04%	27.07%
	Max daily drop	15.22%	6.61%
	Max wkly drop	23.48%	17.52%
5Y	Growth	+39.31%	+22.71%
	CAGR	+6.87%	+4.18%
	Sharpe ratio	0.22	0.13
	Max drawdown	32.96%	37.40%
	Max daily drop	15.22%	13.68%
	Max wkly drop	23.48%	18.14%
10Y	Growth	+31.61%	+171.91%
	CAGR	+3.85%	+10.53%
	Sharpe ratio	0.14	0.34
	Max drawdown	50.70%	51.84%
	Max daily drop	15.22%	14.55%
	Max wkly drop	23.48%	20.82%

Business comparison

Category	FOX	NWS
Company	Fox Corporation	News Corp
Sector	Communication Services	Communication Services
Industry	N/A	N/A
Core business	Fox Corporation is the media company housing Rupert Murdoch's U.S. television assets following the sale of 21st Century Fox's entertainment assets to Disney in 2019. Fox Corp operates: Fox News Channel (the highest-rated U.S. cable news network, consistently #1 in cable news ratings); Fox Business Network; Fox Sports (Fox, FS1, FS2 — NFL, MLB, college football, NASCAR, UEFA Champions League); Fox Entertainment (primetime broadcast network — NFL coverage, reality TV); Tubi (free ad-supported streaming — one of the largest FAST platforms in the U.S.); and local Fox-owned television stations.	News Corp (the other half of the Murdoch media split) operates: News media (Wall Street Journal, Barron's, Dow Jones, New York Post, The Times and Sunday Times UK, The Australian, HarperCollins book publishing, and other news properties); Digital Real Estate Services (Realtor.com, REA Group — Australia's leading real estate portal — and other property portals); Book Publishing (HarperCollins, one of the world's largest publishers — Dr. Seuss, J.R.R. Tolkien, Agatha Christie); Dow Jones professional information services; and News Corp Australia (Herald Sun, Daily Telegraph, Courier Mail).
Investor focus	Investors track Fox News ratings and political primetime performance, NFL and sports broadcasting rights renewal economics, Tubi's revenue growth, Fox Sports streaming strategy, and the Dominion Voting Systems defamation settlement's impact.	Investors track News Corp's digital real estate business performance (Realtor.com vs. Zillow competition, REA Group in Australia), Wall Street Journal digital subscriber growth, HarperCollins revenues and AI licensing disputes, and the separation or sale of individual News Corp assets.

FOX strengths

→Fox News is the most-watched cable news network — Fox News consistently dominates cable news ratings; its loyal conservative viewership creates strong advertising rates and affiliate fees; live news/opinion programming retains viewers more effectively than entertainment in the streaming era
→NFL rights provide premium sports broadcasting anchor — Fox Sports' NFL Sunday NFC games and Super Bowl rotation are among TV's most valuable content; NFL viewership is the highest-rated programming on American television and justifies premium advertising rates
→Tubi FAST platform growing rapidly as ad-supported streaming gains traction — Tubi (free, ad-supported streaming) has grown to 80+ million monthly active users; FAST platforms benefit from consumers avoiding subscription fatigue; Tubi's large content library provides watch time at no subscriber cost

NWS strengths

→Wall Street Journal is a premium subscription news brand with pricing power — the WSJ has 3M+ subscribers paying premium prices for business and financial news; WSJ is less vulnerable to general news commoditization because its financial/business audience pays for specialized professional information
→REA Group in Australia is the dominant real estate digital advertising marketplace — REA Group (50%+ owned by News Corp) is the clear market leader in Australian digital real estate advertising; Australian housing market dynamics drive strong recurring revenue
→Digital real estate services (Realtor.com) is a major U.S. property portal — Realtor.com competes with Zillow for real estate listing advertising; it is the officially licensed portal of the National Association of Realtors, providing a credential some agents prefer

Risks to watch — FOX

→Fox News post-Dominion controversy — Fox settled the Dominion Voting Systems defamation lawsuit for $787 million in 2023; the lawsuit raised questions about Fox News's journalistic standards and internal culture; audience trust and advertiser concerns remain relevant
→Rights cost escalation for NFL and sports content — NFL, MLB, and college football broadcast rights renewals continue to escalate in cost; Fox must balance rights costs against advertising revenue to maintain sports broadcasting economics
→Rupert Murdoch succession — Rupert Murdoch (born 1931) transitioned to Chairman Emeritus in 2023; Lachlan Murdoch leads as Executive Chairman and CEO; succession dynamics within the Murdoch family affect corporate direction and control

Risks to watch — NWS

→Realtor.com vs. Zillow competition — Zillow has dominant market share in U.S. digital real estate search; Realtor.com has pursued various strategies (iBuying, enhanced services) but consistently trails Zillow in traffic and agent advertising revenue
→AI impact on WSJ and publishing — large language models trained on news content and the emergence of AI-generated news summaries threatens traditional news subscription models; News Corp has pursued AI licensing agreements but the long-term impact on premium news subscriptions is uncertain
→HarperCollins labor disputes and AI copyright challenges — HarperCollins authors have raised concerns about AI training on their books; the publishing industry faces unprecedented copyright and compensation questions from AI model developers

Frequently asked questions

In 2013, Rupert Murdoch split his media empire into two separate publicly traded companies. The primary motivations were: separating the newspaper hacking scandal liability — News Corp's UK newspaper subsidiaries were at the center of the News of the World phone hacking scandal (2011); separating the print/publishing assets (News Corp) from the film and television assets reduced the legal and reputational risk contagion between businesses; valuation clarity — investors valued film, TV, and broadcast assets at higher multiples than print publishing; bundling them together obscured the media business's value; strategic focus — separating the businesses allowed each management team to focus on its specific competitive environment (traditional publishing vs. broadcasting vs. streaming). News Corporation (the original entity) became Fox Group (later 21st Century Fox) containing film and TV assets, and News Corp (new entity) containing newspapers and book publishing. In 2019, Disney acquired most of 21st Century Fox's entertainment assets for $71 billion, and Rupert Murdoch retained Fox News, Fox Sports, and Fox broadcast in the new Fox Corporation.

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+2.8%BUY

NWS

+1.1%HOLD

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