Talking with Cramer about Fox Business

Joe Rauch of The Atlanta Business Chronicle talked Friday with CNBC “Mad Money” host Jim Cramer about what he thought about TV business journalism and the launch of rival Fox Business Network.

Here is an excerpt:

Q: What’s your view of Fox’s entry into business news? Can it successfully compete?

A: My friend Cody [Fox Business Happy Hour host Cody Willard] is doing a show for them. They’re looking at it as a way to get to the people on Main Street. Cody’s show is live from a bar in New York. I don’t know whether its right or not. I wouldn’t do my show from a bar, because I’ve got kids and I think that would be inappropriate. But I do think they’ve brought on good people, and I’ve worked with Roger Ailes, who I think is very smart.

But I think reasonable people would disagree with a new business channel. Because its very much a “Best Man Wins” situation. You only really need one business news channel. I know the space pretty well, and there’s only so much you can do with business news. We have people on our network who are personalities and people who break news.

But its not like CNN and Fox News. You can’t really take a particular slant with it. One can’t be right wing and one can’t be left. You can’t be pro-government, while the other guy is anti-government.