Ailes Hedges on Timing for Fox Business Launch


Fox News Channel chairman and CEO Roger Ailes may be hedging his bets about the timing of a proposed Fox business-news-channel launch.

According to published reports, Ailes, speaking at a Newhouse School media breakfast here Thursday, said he would like for the service to bow this year, but he won’t rush its launch. “You probably need to figure out how you’re going to get to 40 million homes in the right places in three years,” he said.

In earlier financial presentations, News Corp. chairman Rupert Murdoch and chief operating officer Peter Chernin have spoken about the business channel bowing late this year, contingent upon netting necessary distribution agreements.