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- 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 was created by Australian-American media mogul [Rupert Murdoch](https://en.m.wikipedia.org/wiki/Rupert_Murdoch) in 1996 to appeal to a conservative audience, hiring former [Republican](https://en.m.wikipedia.org/wiki/Republican_Party_(United_States))media consultant and [CNBC](https://en.m.wikipedia.org/wiki/CNBC) executive [Roger Ailes](https://en.m.wikipedia.org/wiki/Roger_Ailes)as its founding CEO -