Prediction for 2008: Fox Business Network stays open

Los Angeles bureau chief Ronald Grover of BusinessWeek writes his 10 predictions for things that won’t happen in the media world in 2008, and one of them relates to Fox Business Network.

He wrote, “Fox Business News won’t close shop. O.K., so it’s only been up and operating for three months. The word among analysts is that it’s getting waxed by CNBC, and that Murdoch & Co., are already getting nervous that its losing more money than expected. Losing money? Murdoch worry? Ha!

“The News-ites figured it would cost $300 million or more to take on CNBC, and still only have roughly half the numbers of subscribers of its larger rival. But Murdoch loves a good challenge, and he has one here. Expect him to line up more cable operators this year, uncover an explosive new hire or two, and fulfill his destiny: to take on the entrenched. Remember when CNN used to clean Fox News’ clock?”

Read more here.