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The Fox News Channel (FNC), commonly known as Fox News, is an American multinational conservative news and political commentary television channel and website based in New York City. It is owned by Fox News Media, which itself is owned by the Fox Corporation. It is the most-watched cable network in the U.S., and as of 2023 generates approximately 70% of its parent company's pre-tax profit. The channel broadcasts primarily from studios at 1211 Avenue of the Americas in Midtown Manhattan.