Tom Steinert-Threlkeld of Multichannel News writes that NBC CEO Jeff Zucker said Monday that the new Fox Business Network has not hurt CNBC‘s ratings.
“‘We are doing two different things,’ Zucker said. CNBC, he said, remains focused on serving serious financially minded investors with its coverage of markets and economics.
“Fox is doing, he said, ‘something lighter and not as investor-focused’
“‘You have to give them credit for getting on the air,’ he said. That is no mean feat, at present when cable and satellite operators are faced with intense competition for space on their channel lineups, with analog, digital and HD channels all looking for carriage, and funding of startup channels hard to come by.”
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