This arrangement is reversed for the Fox Broadcasting Company. When Fox was launched in 1986, its network operations center was (and still is) based in Los Angeles. However, Fox's parent company, News Corporation (which spun off its broadcasting properties in July 2013 into the separate 21st Century Fox), is headquartered in New York City, along with its news division. Fox-owned WNYW in New York City is considered the network's overall flagship, while sister station KTTV in Los Angeles is considered a second flagship station.