Fox News (officially known as the Fox News Channel, commonly abbreviated to FNC) is an American basic cable and satellite television news channel owned by the Fox Entertainment Group, a subsidiary of 21st Century Fox. The channel broadcasts primarily from studios at 1211 Avenue of the Americas, New York City, New York. The channel was created by Australian-American media mogul Rupert Murdoch, who hired former Republican Party media consultant and CNBC executive Roger Ailes as its founding CEO. It launched on October 7, 1996, to 17 million cable subscribers. Fox News grew during the late 1990s and 2000s to become a dominant cable news network in the United States. Rupert Murdoch is the current chairman and acting CEO of Fox News. Fox News Channel has been accused of biased reporting, and promoting the Republican Party and conservative causes. Research shows that Fox News increases Republican vote shares among viewers. Critics have cited the channel as detrimental to the integrity of news overall. Fox News employees have responded that news reporting operates independently of its opinion and commentary programming, and have denied bias in news reporting. As of February 2015, approximately 94,700,000 US households (81.4% of cable, satellite & telco customers) receive the Fox News Channel.