Categories: OLD Media Moves

Fox Business covers market crash; others don't

Sam Thielman of Variety writes Monday that Fox Business Network was able to cover the international stock market crash while competitors CNBC and Bloomberg TV ran taped content because of the Martin Luther King Jr. holiday.

Thielman wrote, “Bloomberg TV went to tape at 11 a.m. and CNBC ran taped programming all day — decisions made before the day’s events unfolded because the U.S. markets are closed on Martin Luther King Day. But because FBN emphasizes live programming so much, it was poised to cover the day’s market plunges live.

“With fears of a U.S. recession taking a huge toll internationally, the ‘live from the stock market’ hook that has looked silly in the past suddenly had a great deal of immediacy, and having reporters like Ashley Webster report live from London unexpectedly gave the fledgling channel a leg up on the competition.”

Read more here.

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.