Free Trial

Fox News' Murdoch buys Montana ranch from Koch Industries

DILLON, Mont. (AP) — Fox News founder Rupert Murdoch has bought a large cattle ranch in southwest Montana near Yellowstone National Park from a subsidiary of Koch Industries.

The Beaverhead Ranch is spread across more than 500 square miles (1,300 square kilometers) of private and leased land. Located south of Dillon, Montana, along the Montana-Idaho border, it has about 7,000 cattle and is home to 15 families who are employed on the ranch, according to Koch subsidiary Matador Cattle Company.

The sale was confirmed by Murdoch spokesperson Jessie Lyons after being reported by the Wall Street Journal, which is owned by Murdoch's News Corp. Lyons declined to comment on the price.

The ranch was founded in 1865. It was acquired in the 1951 by a company run by Fred Koch, founder of Wichita, Kansas-based Koch Industries. The company has vast holdings in oil refineries, paper mills, fertilizer plants, ranches and other ventures.

Like Murdoch and his media companies, the Koch family is known for promoting Republican candidates and causes.

Koch family members have poured a fortune into right-wing efforts to transform the American political landscape, shaping U.S. policies on issues from climate change to government regulation.

The Beaverhead ranch borders Montana's Blacktail Wildlife Management Area and Red Rock Lakes National Wildlife Refuge in the Centennial Valley.

Should You Invest $1,000 in News Right Now?

Before you consider News, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and News wasn't on the list.

While News currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2025 Cover

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRankâ„¢Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
News (NWSA)
4.0839 of 5 stars
$29.470.3%0.68%34.27Buy$39.20
Compare These Stocks  Add These Stocks to My Watchlist 

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines