Thursday, October 18, 2007

Murdoch calls Fox Business Network terrific | News | Market News | Reuters

Murdoch calls Fox Business Network terrific | News | Market News | Reuters: "SAN FRANCISCO (Reuters) - News Corp's (NWSa.N: Quote, Profile, Research) Rupert Murdoch said his recently-launched Fox Business Network cable channel is off to a good start and

joked that its rival, top business news
cable network CNBC, was 'half-dead.'

Some two years in the making, Fox Business launched in 30 million homes on Monday featuring a program lineup that seeks to make business news palatable to the average viewer. '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 (GE.N: Quote, Profile, Research), in such terms, he said: 'No it makes like 300 million bucks ... it's not half-dead.'"



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