The two being among the top news channels in America, many are left asking questions such as "Who owns CNN and Fox News?". CNN and Fox provide some of the biggest news shows in the media.

CNN, owned by Warner Brothers Discovery, struggles with declining viewership as people shift to online news. Once respected, CNN now ranks third among cable networks, despite multiple reinventions.

Chris Wallace is departing CNN to pursue the development of his own media empire, the veteran journalist affirmed on Monday.