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Its actually News Corp the parent company of fox news that hes the 2nd largest share holder,here is #1 and #2 shareholders according to wikipedia
#1
In August 2005 the Murdoch family owned only about 29% of the company. However, nearly all of these shares were voting shares, and Rupert Murdoch retained effective control of the company. Nonetheless, John Malone of Liberty Media had built up a large stake, with about half of the shares being voting shares. Therefore, in November 2006, News Corporation announced its intention to transfer its 38.5 per cent managing interest in DirecTV Group to John Malone's Liberty Media; in return it bought back Liberty's 16.3% shares in News Corp., giving Murdoch tighter control of the latter firm. Murdoch sold 17.5 million class A shares in December 2007.
#2
Prince Alwaleed bin Talal al-Saud of Saudi Arabia, through his Kingdom Holding Company, owns 7% of News Corp.'s shares, making Kingdom Holdings the second largest shareholder
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