Fox Business Network
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General Overview :: Fox Business Network
Fox Business Network is an American cable News and satellite news television channel that commenced broadcasting on October 15, 2007. It is owned by the Fox Entertainment Group, part of Rupert Murdoch's News Corporation. The network discusses business and financial news and currently is available in about 49 million places in the United States as of June 2009. News Corp chairman Rupert Murdoch confirmed the launch at his Keynote address at the 2007 McGraw-Hill Media Summit on February 8, 2007. Day-to-day operations are run by Kevin Magee, executive vice president of Fox News; Neil Cavuto manages content and business news coverage. Ray Hennessey directs the FoxBusiness.com website. Murdoch had publicly stated that if the purchase of The Wall Street Journal went through and if it were legally possible, he would have rechristened the channel with a name that has "Journal" in it. However, on July 11, 2007, the parent company, News Corp, announced that the new channel would be called Fox Business Network . This name Fox Business Network was chosen over Fox Business Channel due to the pre-existing legal abbreviation of FBC for Fox Broadcasting Company.
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