Unlike ABC, CBS and NBC, Fox does not currently air national news programs (morning, evening or overnight) or newsmagazines – choosing to focus solely on its prime time schedule, sports and other ancillary network programming. The absence of a national news program on the Fox network is despite the fact that its parent company, 21st Century Fox, owns Fox News Channel, which launched in August 1996 and currently maintains near-universal distribution within the United States via pay television providers. Fox News is not structured as a news division of the Fox network, and operates as a technically separate entity within 21st Century Fox through the company's Fox News Group subsidiary. However, it does produce some content that is carried by the broadcast network, which is usually separate from the news coverage aired by the cable channel; in particular, FNC anchor Shepard Smith anchors most prime time news presentations on the Fox network, especially during political news events (which are anchored by Bret Baier on Fox News Channel).
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