FOX Business Channel
From Wikipedia, the free encyclopedia
| Fox Business Channel | |
Country  United States |
|
| Type | Cable television network |
|---|---|
| Availability | United States |
| Owner | News Corporation |
| Launch date | Q4 2007 |
The FOX Business Channel is an upcoming United States-based cable and satellite news channel. It will be owned by the Fox Entertainment Group, and is a subsidiary of Rupert Murdoch's News Corporation. It is a spin-off from Fox News Channel.
On February 8, 2007, Roger Ailes announced the network would launch by Q4 2007. [1]
Carriage agreements with Directv, Comcast & Time Warner are already in place. When the channel is launched in the Fall, it will be carried by 30 million households. [2]
[edit] CNBC vs. Fox Business
Although few specifics have been made public as to the type of programming approach Fox Business plans to take, some details have emerged as to how it plans to differentiate itself from its main competitor, CNBC.
- At a media summit hosted by BusinessWeek magazine, Rupert Murdoch was quoted as saying CNBC is too "negative towards business". They promise to make Fox Business more "business friendly". [3]
- It is expected that Fox Business will not be "poaching" a lot of CNBC's on-air talent in the immediate future, as most key on-air personalities have been locked into a long-term contract. However, that still leaves open the possibility of the network taking some of CNBC's other staff, including editors, producers and other reporters. [4]
