TV Decoder’s Brian Stelter blogs about the focus on business news today and the networks that cover it…
The market turmoil will be viewed as the first serious test for Fox Business. One year ago Rupert Murdoch had pledged that the network would be “more business friendly than CNBC.” The channel was introduced amid a market downturn in October.
On Monday, while United States markets were closed for Martin Luther King, Jr. Day and overseas markets posted losses, Fox Business presented live programming while CNBC aired repeats. Curiously, CNBC chose not to simulcast the live coverage from its Asian or European sister networks. “[We were] the only business network that was open for business today,” a Fox host pointedly remarked during the 5 p.m. show “Happy Hour.”
Despite being dark on Monday, CNBC says it has an advantage in its nearly 20 years of experience. “This is not the first time we’ve had a market selloff,” the CNBC anchor Melissa Francis said Tuesday morning. “We’ve been through this before, we’ll get you through it again.”