Fox class A
FOXA
Communication Services
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Fox Corporation (Class A shares) settled with Dominion Voting Systems for $787.5 million in April 2023 — the largest known media defamation settlement in U.S. history — after Fox News broadcast false claims about rigged voting machines in the 2020 election. Internal discovery documents showed hosts and executives (including Rupert Murdoch) knew the claims were false but aired them to retain viewers. A second defamation suit from Smartmatic ($2.7 billion) remains pending as of 2026, alleging the same pattern across 66 broadcasts. News Corp UK subsidiary also paid ~$1.5 billion in phone-hacking settlements (1,300+ claimants), including a 2025 settlement with Prince Harry acknowledging "serious intrusion." Misinformation is structurally embedded in the business model.
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The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.