OLD Media Moves

Fox stock index includes CNBC parent GE, but not Fox parent News Corp.

October 16, 2007

Posted by Chris Roush

Megan Barnett of Conde Nast Portfolio wants to know why the new Fox 50 stock index introduced by the Fox Business Network includes rival CNBC parent General Eletric, but not Fox’s parent, News Corp.

Barnett wrote, “And there’s one more thing that Fox viewers might want to consider about the index. Fox’s hand-picked list of the ‘brands you know,’ does not include Fox parent company, News Corp. In fact, we don’t know why or how they picked the brands they included.

“But evidently their methodology did give a nod to Fox Business News’ primary competitor, CNBC. Its parent, General Electric, is helping to move the stock index of your life.”