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Posted on 06/20/2005 6:13:45 AM PDT by OESY
Rupert Murdoch, chairman of News Corp., has been promising a Fox News business cable channel for more than a year, hoping to surpass General Electric Co.'s CNBC in the ratings the way Fox News Channel has eclipsed CNN....
Dow Jones & Co., publisher of The Wall Street Journal, is a co-owner with NBC of CNBC's television operations in Asia and Europe. Dow Jones also provides news content to CNBC in the U.S.
The Saturday morning lineup of business shows on Fox News Channel -- "Bulls and Bears," "Cavuto on Business," "Forbes on Fox" and "Cashin' In" -- already draws higher ratings than CNBC's lineup. In the season to date, each of those shows has been drawing audiences of more than 800,000 viewers, according to Nielsen Media Research.
Mr. Ailes hasn't yet begun developing a programming lineup or hiring talent for the new business channel, according to people who know him. But these people say it will probably resemble the Saturday shows on Fox News, which feature lively debates about stock picks and business trends. The telecasts also are peppered with political debates that play to Fox News's conservative political leanings. Earlier this month, for example, on "Cashin' In," Stuart Varney, a regular contributor and occasional host on Fox News programs, lambasted Democrats for obstructing President Bush's plan to privatize Social Security.
Mr. Varney said the president's Social Security reform proposals died in part "because the Democrats are going to obstruct everything and say no to everything." Later, he accused a guest of "taking a line out of the Democrats' playbook. The Democrats hate markets because they say they're risky." Mr. Varney says he expresses his opinions freely when he is a guest, and plays the role of umpire when he is a host.
(Excerpt) Read more at online.wsj.com ...
CNBC, you say? HAHAHAHAHAHHAAHAHAHHAAHAHAHAHAHAHA...is this like bayonetting the wounded?
This will complicate matters, I cannot understand both bloomberg and cnbc at the same time as it is. For traders, having all these channels is a nightmare if you cannot listen to all 3 intelligibly.
When you see something on CNBC or FOX it is already to late
to get out or get in to a stock.
I love it!!! I'll watch..... I love Cavuto and Bulls and Bears!
All of the Sat. shows are excellent. They have engaging guests (except for Bob Beckel who I despise and who has no business being on them as a panelist). I do not know how much talent is out there to make a whole network out of covering business but Cavuto is the best and I hope it works out.
They should go after Jim Cramer and his "Mad Money". THat guy's a hoot.
CNBC is a joke.. Nothing but a bunch of flash and graphics, and no substance. The most personality on there is Cramer and he just makes a fool out of himself.
Bloomberg's format is just too newsy and boring.
Fox News Saturday Morning is head and shoulders above all of them. They put on a great show, but I don't know if they can maintain that energy for 7-days a week.
They easily have the best characters/personalities in Business News.
Fox's Roger Ailes helped to create CNBC. It'll be interesting to see how he plans to destroy it through Fox's new business channel.
Ailes will crush them.
For a trader, CNBC is an income-generator,
For people who invest based on what they hear on TV, aside from broken clock trades, I agree with you.
"The most personality on there is Cramer and he just makes a fool out of himself. "
I am amazed at Cramer's popularity. He consistently buries his portfolio-followers with terrible trades, averaging down, and get treated as a success?
His new format is pretty much un-checked ego unleashed. It reminds me of MTV in the mental value of the content.
I miss the days when Joe Kernan was allowed to actually talk about small cap story stocks.
Beckel definitely has no business on those panels; he once said something so stupid (along Dem talking points) that Wayne Rogers called him a moron! As far as Cavuto, I would trust him with my money any day.
Cramer does have an amazing ability of sending stocks downward as soon as he hypes them up!
It's almost incredulous.
"Cramer does have an amazing ability of sending stocks downward as soon as he hypes them up! "
Cramer's stock picking ability is about as good as a mob, crowd, or other emotionally-driven entity.
Extreme sentiment from cramer is sometimes tradable as a FADE, particularly on the market as a whole.
just watching his program in detail for the first time, I wonder if he is medicated or otherwise chemically altered. There is a great deal of strange behavior on his program.
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