Categories: OLD Media Moves

Murdoch happy so far with Fox Biz Network

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.”

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.

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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.

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