News Corporation Class B
NWS
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.
News Corporation, through its media properties including Fox News, The Wall Street Journal, and the New York Post, has been a central and influential actor in the systematic spread of misinformation. Its outlets have repeatedly promoted false narratives on critical public issues, most notably by amplifying disinformation about the 2020 U.S. presidential election and the safety and efficacy of COVID-19 vaccines. This pattern extends to climate science, where Fox News has consistently provided a platform for climate denialism.
The company's conduct has had demonstrable real-world consequences. A 2021 study by researchers at the University of Pennsylvania found that exposure to Fox News was associated with lower COVID-19 vaccination rates. Furthermore, Fox News agreed to a $787.5 million settlement with Dominion Voting Systems in 2023 to resolve a defamation lawsuit concerning the network's propagation of false claims of election fraud. This legal action underscored the institutional role of News Corp properties in creating and disseminating propaganda designed to mislead the public.
Research Sources
6 organizations
Related Exclusions
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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.