Categories: OLD Media Moves

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.

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.