At the Web 2.0 conference in San Francisco, News Corp. CEO Rupert Murdoch expressesd his satisfaction with how Fox Business Network has performed during its first week, Reuters reported Thursday.
Reuters wrote, “‘It’s two and a half to three days old and looks just terrific,’ News Corp Chairman and Chief Executive Murdoch said at the Web 2.0 conference in San Francisco.
“‘Everybody, even in the industry, (recognizes) how different it is to CNBC, which is half-dead,’ he said.
“Asked if he really viewed CNBC, controlled by General Electric Co., in such terms, he said: ‘No it makes like 300 million bucks … it’s not half-dead.’
“Fox Business executives say they are aiming for a wider audience than that of CNBC, which is available in more than three times as many homes.”
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