News Corp. chairman Rupert Murdoch plans to launch a CNBC rival by the end of the year, he tells Newsweek’s senior writer Johnnie Roberts in an exclusive interview.
“We’re in pretty intense discussions with the biggest cable companies, and making quite considerable progress,” says Murdoch. “You can expect something fairly soon.”
The interview can be read here.
A press release about the interview can be seen here.
This commentator believes that Murdoch’s flattering comments about Time Warner in the same interview were done so that its cable operations will carry his fledgling business network.