FXNC meaning in Business ?

The Fox News Channel, abbreviated FNC, commonly known as Fox News, and stylized in all caps, is an American multinational conservative cable news television channel based in New York City. It is owned by Fox News Media, which itself is owned by the Fox Corporation. The channel broadcasts primarily from studios at 1211 Avenue of the Americas in Midtown Manhattan. Fox News provides service to 86 countries and overseas territories worldwide, with international broadcasts featuring Fox Extra segments during ad breaks.

The channel was created by Australian-American media mogul Rupert Murdoch to appeal to a conservative audience, hiring former Republican media consultant and CNBC executive Roger Ailes as its founding CEO. It launched on October 7, 1996, to 17 million cable subscribers. Fox News grew during the late 1990s and 2000s to become the dominant subscription news network in the U.S. As of September 2018, approximately 87,118,000 U.S. households (90.8% of television subscribers) received Fox News. In 2019, Fox News was the top-rated cable network, averaging 2.5 million viewers. Murdoch is the current executive chairman and Suzanne Scott is the CEO.

Fox News has been described as practicing biased reporting in favor of the Republican Party, its politicians, and conservative causes while portraying the Democratic Party in a negative light. Critics have cited the channel as detrimental to the integrity of news overall.

Fox News' official position is that its news reporting operates independently of its opinion and commentary programming, and it has denied bias in its news reporting, although former employees have stated that Fox ordered them to "slant the news in favor of conservatives".