Categories: OLD Media Moves

CNBC dismisses Fox Business Network threat, but files injunction

Kenneth Li of Reuters writes Tuesday that CNBC appears to be dismissive of the new competition it has from Fox Business Network, but it has sought a second court injunction against one of its former contributors, Eric Bolling,Â from appearing on Fox as a guest commentator.

Li wrote, “Bolling’s contract includes a non-compete clause that expires in February 2008, while he is permitted to make non-regularly scheduled appearances on other networks.

“‘He has refused to honor his obligations and has disregarded a New York state court’s ruling declining to relieve him of those obligations,’ CNBC said in a statement on Bolling. ‘As a result, CNBC is seeking injunctive relief to prevent him from further breaches of his contract.'”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.