Four prominent news brands operate under two separate companies linked by one major voting shareholder.

Fox Corporation owns Fox News and Fox Business. News Corp owns The Wall Street Journal through Dow Jones, and the New York Post.

Their September twenty twenty-six proxies report L G C Holdco stakes of thirty-eight point seven six percent of Fox's Class B shares, and thirty-four point eight percent of News Corp's. The filings use different ownership reference dates.

Class B generally carries one vote per share. Both companies warn that concentrated votes can help pass proposals L G C supports, impede those it opposes, and discourage takeover bids.

Lachlan Murdoch can appoint and replace the director who decides how these shares are voted, with limited exceptions. His appointee has one of three votes on most other L G C decisions. The filings say Lachlan does not control L G C generally.

A common shareholder links these news companies through concentrated voting power. The full ownership map and source filings are at Public Rot.