Is FX owned by Fox News?

I'm curious to know if there's any connection between FX, the popular television network known for producing hit shows like "The Americans" and "Atlanta," and Fox News, the conservative news channel. Could you clarify if FX is owned or affiliated with Fox News in any way? I've noticed they share similar branding and a similar parent company, but I'm not entirely sure about the specifics of their relationship. I'd appreciate any clarification you can provide.