Fox
Public Statements Risk
Fox is an extremely high-profile company that is well known for its conservative lean. Lachlan Murdoch, the current Executive Chair and CEO, has managed the Dominion v. Fox News Network lawsuit regarding the network's coverage of the 2020 presidential election. Litigation concluded when Tucker Carlson, one of the network's most iconic figures, had his contract terminated. It's not yet known how much Carlson blames the network for this, or how much of the audience followed the personality to his own platform. Fox is also facing a lawsuit by voting machine company Smartmatic, regarding its publication of false information during the same election. Unlike other firms, however, Fox strategically weilds its political influence. Fox may also benefit from people largely expecting the company to behave in a manner consistent with their right-leaning ideology. The issue then, such as the ongoing litigation, is that its consumers are increasingly demanding a product Fox would be legally liable for providing. All of these factors indicate risk is implicit in Fox's business model, as maintaining market share means making increasingly inflammatory statements.

Political Contributions Risk
Fox donates to Republicans at a 4:1 ratio, red:blue, and at the same ratio for Executives:PAC contributions. The company represents the heaviest red skew in the Communication Services sector with a very high contribution level, ranking in the upper-middle of sector contributors. Fox contributes to notable political figures such as Kevin McCarthy, Lindsey Graham, and Mitch McConnell. Given Fox's reputation as a Republican organization and its contributions, it may face a larger threat from the proportion of its senior executives who give to Democrats.

Political Dichotomy Risk
Fox Corporation has a right-leaning consumer base, with Fox News openly catering to their tastes. The corporation donates heavily in favor of Red causes and has senior management that also strong supports the Republican party. Right-leaning stakeholders strongly oppose progressive causes. Fox Corporation has received backlash from consumers and employees due to LGBTQ+ material distributed to Fox employeesm, which led many commentators and consumers to call for a 'Bud Light-style' boycott. The company's 10K states that damage to brand reputation could hurt revenue, augmenting risk. The heavy right-leaning consumer base and right-leaning employee base could generate large risks to the company revenue and possible labor disputes if the Fox Corporation takes any stances that are deemed too liberal or misaligned with internal and external stakeholder interests. As demonstrated by the Dominion and Smartmatic lawsuits, their consumers' demand for ideological conformity poses the greatest threat, especially given some of the company's donations are to Blue causes.

Associational Risk
Fox has a strong association with the Republican party and is known to favor controversial politicians including Donald Trump, Mitch McConnell, and Kevin McCarthy. Because of this noticeable bias toward one extreme, Fox's risk rating is high, given its customers demand a clear sort of product, which appears to be pushing them to platform and associate with increasingly polarizing figures.

Brand Visibility Risk
News might be the only industry where consumers care about values more than lifestyle brands. As the foremost Republican news source, a misstep could have catastrophic consequences for the ideologically-built brand. Despite this, the company is so large that it is somewhat insulated from boycotts.
