Fox Corporation owns cable news and sports television networks, including Fox News and Fox Sports, along with the Fox broadcast television network, focusing primarily on live news and sports programming rather than the scripted entertainment content that many other media companies emphasize. Fox News has built a large and loyal cable news audience, generating significant affiliate fee revenue from cable and satellite providers who pay to carry the channel, in addition to advertising revenue. The company's strategy of concentrating on live news and sports reflects a bet that this type of content remains more resistant to streaming disruption than scripted entertainment, since live events are typically watched as they happen rather than time-shifted or streamed later. Fox Corporation's revenue comes from a mix of affiliate fees paid by pay-TV distributors, advertising sales across its networks, and licensing fees for its sports broadcasting rights.