Mike Hegedus, a former CNBC correspondent, writes on The Huffington Post that the decision by Fox Business Network to simulcast radio DJ Don Imus in the morning is a sign that they’re giving up on competing.
“There has always been speculation that the only reason it was conceived and executed in the first place was that Ailes had a burr under his saddle for CNBC.
“It’s his claim that he started it, CNBC, and that it wouldn’t be where it is today without him. In other words, he was the ‘genius’ behind it. The truth of the matter of course is that even if he deserves credit for starting it, he wasn’t around to push it to the successful heights (for cable) that is has reached.
“No matter, he was going to show them gosh darn it!
“And FBN is what we got. It will not be surprising to see it eventually disappear and give way to some mutation — a little Imus, a little buisness, a little politics, a little news. It won’t be the first time Ailes’ boss Rupert Murdoch throws in the towel either — just how many news magazine shows did he try and start?”
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