Fox Business Network to Launch Oct. 15
Fox News Channel Spinoff to Debut with 30M Subscribers
By Mike Reynolds -- Multichannel News, 7/11/2007 9:55:00 AM
Rupert Murdoch’s News Corp. will finally get down to business in mid-October.
Multichannel News learned that Fox News Channel is expected to announce Wednesday that it will bow its long-anticipated business-channel spinoff Oct. 15. Operating under the Fox Business Network banner, the service will take aim at NBC Universal’s CNBC and Bloomberg TV in the financial-news sector.
Fox Business Network -- led by Roger Ailes, chairman and CEO of Fox News and chairman of Fox Television Stations, and Fox News senior vice president and managing editor of business news Neil Cavuto, who will oversee content and business coverage at the new service -- will come out of the gate with some 30 million subscribers. The network reached carriage contracts with such distributors as Comcast, Time Warner Cable, DirecTV and Charter Communications.
Through those contracts, Fox Business Network will have a presence in many major markets around the country, including New York, where it will be available on expanded basic via Time Warner.
Under Cavuto, Fox News claims the top five most-watched business shows on cable, including Bulls & Bears, Forbes on Fox and Cavuto on Business.
The move comes as Murdoch continues his pursuit of Dow Jones and The Wall Street Journal, which has a contract to place its reporters and editors on CNBC’s air through 2012.
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Great to hear that the Fox business channel will be available to Comcast customers. Thank heavens - a business channel that actually supports capitalism. Unlike CNBC, Fox puts a positive light on "The American Dream".
Nate Barker - 7/13/2007 12:09:00 AM EDT -
I agree 100% with what Hillary in SC says. Couldn't have said it better myself. O'Reilly has established a reputation as a cranky ol' man who is WAY too fixated on celebrities. Stick with serious news reporting, O'Reilly. You're much more credible in that genre. We don't care about celebrities. They're all wealthy, elite liberals who lack morals, talent and relevance.
Meg - 7/11/2007 3:22:00 PM EDT -
Happy to hear about the business network!
Neil C. is great and has timely information about what is important to us. His time slot is too early tho.
The Fox News network should give Neil the O'Reilly slot. Bill has become a celebrity chaser and boringly combative to his guests.O'Reilly Factor was good when he had Neil as a guest and not all the nonsense like that silly body language segment and the old TV stars segment.
Thanks
Hillary - 7/11/2007 3:06:00 PM EDT
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