This news channel reports and people have decided to watch ... a lot of people. FOX News Network operates the FOX News Channel, the leading 24-hour cable news station reaching more than 90 million US homes. It provides round-the-clock news coverage and commentary, including programs such as The O'Reilly Factor, featuring commentator Bill O'Reilly, and Hannity with Sean Hannity. FOX News also produces content distributed to TV affiliates of the FOX network and publishes news online; its FOX News Radio Network syndicates news to radio stations around the country. Launched by Rupert Murdoch's Twenty-First Century Fox (formerly known as News Corporation) in 1996, the channel's less than tacit support of conservative politics has stirred both passion and criticism.
FOX News is a highly profitable part of Twenty-First Century Fox's television operation; it generates a substantial part of its revenue from carriage fees paid by cable and satellite system operators.
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FOX News has grown quickly to dominate its 24-hour news competition, outstripping both CNN (owned by Time Warner's Turner Broadcasting) and MSNBC (part of NBCUniversal) in the primetime ratings. In fact, the network has become one of the most popular advertising supported channels on cable television.
The network's growth and popularity is directly tied to its outspoken and sometimes controversial on-screen talent. Both O'Reilly and Hannity renewed their contracts with FOX News during 2008, with The O'Reilly Factor host inking a four-year deal worth more than $10 million. In 2010, FOX News hired former Republican vice presidential candidate and Alaska governor Sarah Palin to join the network. Her deal to offer commentary also extends to sister cable channel FOX Business Network, which reaches more than 58 million US households.