CNBC, Fox Business go ad free to cover market drop
Both CNBC and Fox Business stopped running advertising on Monday to provide coverage of the stock market drop, reports Brian Steinberg of Variety.
Steinberg reports, “The NBCUniversal-owned business-news cable network interrupted programming with just a single commercial break between 9:30 a.m. and noon, according to a person familiar with the matter, and was expected to remain commercial free through the close of the stock markets. Fox Corp.’s Fox Business Network, meanwhile, went ad free between 1 p.m. eastern and 4:40 p.m. eastern as the market’s dips became more pronounced.
“Both networks’ editorial staffs were scrambling to cover one of the biggest business stories of the year, a more than 900-point drop in the Dow Jones Industrial Average, and corresponding tumbles in the Nasdaq and S&P 500 as investors reacted to new trade threats between the U.S. and China.”
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