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.
“‘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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Murdoch's picture there looks like the Nazi guy whose face melts away when they open the ark in Raiders of the Lost Ark.