Categories: OLD Media Moves

Fox Biz Network to be more consumer friendly

News Corp. CEO Rupert Murdoch said Tuesday at an investor conference that the new Fox Business Network will be more focused on business news for consumers than rival CNBC.

An AP story stated, “‘They dwell too much on failures or scandals,’ Mr. Murdoch told an investors conference in New York Tuesday. ‘We want to put a lot on innovations and successes, people who are making money.’

“News Corp.’s long-awaited Fox business network is scheduled to launch on Oct. 15 in about 34 million homes to go up against CNBC, which is owned by General Electric Co.’s NBC Universal unit.

“Mr. Murdoch said he expects the channel to benefit from the newsgathering abilities of Wall Street Journal publisher Dow Jones & Co., which News Corp. agreed last month to buy for $5 billion. The deal is expected to close in a few months.

“An arrangement that Dow Jones has with CNBC only covers business-related news, Mr. Murdoch said, allowing the new Fox channel to use Journal coverage of other areas.”

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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.