Michael Learmonth of Silicon Alley Insider is reporting that Fox Business Network head Kevin Magee believes that the network can go ahead and use Wall Street Journal reporters on its shows despite the newspaper’s agreement with rival CNBC.
Learmonth wrote, “Magee, speaking at the Always On conference yesterday, didn’t go into details about FBN’s plans to use WSJ staff. But he did lay out his case: ‘There are some restrictions. We can’t just go ahead and use anything. I believe the restrictions involve regularly-scheduled, branded segments. There is a carve-out for non-business news and there is a carve-out for breaking news.’
“How does Magee know? He was working at CNBC when the deal was struck. ‘The Wall Street Journal and Dow Jones has an existing contract with CNBC that actually got started while I was there; I was part of the team that helped integrate it,’ he said.
“Fox News is already making liberal use of some of the WSJ’s most prominent writers, including columnist Peggy Noonan and Washington bureau chief Jerry Seib during Fox’s SOTU coverage.”
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