TV Week’s Jay Sherman writes up Rupert Murdoch’s surprise disclosure today on News Corp.’s status re: Fox Business Channel…
News Corp. Chairman and CEO Rupert Murdoch said Wednesday that his company is negotiating with cable operators to launch a business-themed cable channel, though the arrival might come later than he has predicted previously.
Speaking at a Goldman Sachs investor conference in New York, Mr. Murdoch said the launch of the Fox Business Channel would likely not happen in the early months of 2006, as he has indicated in the past, “but certainly soon.”
Mr. Murdoch’s comments were the clearest sign yet that he remains committed to launching a rival to NBC Universal’s CNBC. There have been mixed signals about whether the company would press ahead with a plan to launch a business channel, in large part because Fox News Chairman Roger Ailes, who would oversee the project, reportedly has been unsure whether a business channel could replicate the out-of-the-box success of Fox News Channel, particularly given the challenges facing the business news space.