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Lachlan Murdoch has based himself out of California ( and spends time in Sydney as his wife and kids moved here during covid) - Rupert is in New York but he was based in California when he started putting together the Fox network in the mid 80's.
Anyway, its been a long standing tradition that employees of media companies in US are liberals and the owners are conservative. More money was to be made that way, until Rupert worked out there is a very profitable niche in having a specialist right wing cable news station.
The rest of Fox Corporation ie the 28 regional stations, Fox Sports Group, Fox Entertainment Group are effectively liberal media compared to Fox News Media group of cable stations and radio stations.
Billionaires tend to fear losing their heads or being stood up against a wall, and losing their wealth to taxes and paying what they see as exorbitant wages.
Non-religious college-educated people (who become white collar employees) generally lean left more than right.
Billionaires and their acolytes increasingly smear universities as dens of godless liberal brainwashing.
It’s the circle of life.