CNBC applications flooding into Fox

Mike Reynolds of Multichannel News writes that the applications for jobs at the newly announced Fox Business Channel are flooding in from CNBC employees, according to an interview with Fox News head Roger Ailes.

Reynolds wrote, “Ailes said staffing up would be a top priority in the months ahead. ‘We’re looking at a few hundred people in terms of production and talent,’ he said, noting that he’d received a ‘flood of resumes’ from CNBC employees. ‘We’re considering building a separate entrance to the building for them.’

“Currently on board: Fox News executive vice president Kevin Magee who will have daily oversight of the service; and director of business news Alexis Glick, who will also have an on-air presence.

“Asked about profitability, Ailes said the timeline for Fox News to break even was five years. For Fox Business Channel, he said that operating level would come within three to four years. ‘It took five years for Fox News to pass CNN; it wasn’t an overnight success,’ he said. ‘We’re thinking we’ll have to pass through the wilderness here, too.'”

Read more here.