The Newsroom

Fox News to launch CNBC rival

(November 2004)

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CA
cat
http://cbs.marketwatch.com/news/story.asp?guid=%7B894862F1%2DB32C%2D4CB5%2DB561%2D5E90F987E174%7D&siteid=mktw

Interesting!
MA
mark Founding member
Yes, I was quite interested to hear that too - although they're being very vague about the timescale.

I have to say that I'm not quite sure what Fox's 'news values' would do to the financial world...!
CA
cat
What makes it so interesting is that Roger Ailes - present Fox News supremo and founding father of the network - used to run CNBC.

He took CNBC from relative obscurity in the early 90s to the most profitable outfit on cable in just two years. Then when MSNBC came along he got annoyed and left to launch Fox.

Remarkable that he might be setting out to destroy the thing that he put so much effort into building.

But I'm not sure how successful it'll be. Investors are naturally Republicans... so it sort of makes sense, but then they also NEED to have reliable and trusted information about the stock market. Fox will really have to build the trust; nobody is going to watch a channel and make big money decisions on what they're saying if they're not sure whether to believe what they're watching. Fox's habit of mixing news and opinion might backfire.
KA
Katherine Founding member
Oh God, exactly what we need - another channel filled with Sean Hannity clones! Rolling Eyes
IS
Isonstine Founding member
Yes, heaven forbid that another single person exists that hates a broadcasting corporation and feels a need to state undying love for another...and harps on about the same people and subjects all of the time...
ST
stuartfanning
The new channel will be based around the current FOX News weekdays business show Your World with Neil Cavuto. This is a very good programme on here weekdays at 21:00.
SN
Snu
CNBC has been haemorrhaging viewers these past couple of years. Pretty much ever since the dot com bubble burst, interest in investing has suffered and as a result so has CNBC’s audience share. Which is why when you tend to watch CNBC these days, the news agenda seems to be somewhat broader than it used to be.

Interestingly, Your World with Neil Cavuto seems to get more viewers than Closing Bell which airs at the same time on CNBC. I know which one I prefer and its not the little chubby Republican sponsor ‘I love the sound of my own voice’ Cavuto.
AD
Adam
stuartfanning posted:
This is a very good programme on here weekdays at 21:00.


*Snort*

47 days later

:-(
A former member
Didn't Neil Cavuto host the US edition of Power Lunch on CNBC when the programme first launched?

It will be interesting to see what FOX comes up with, seeing as CNBC US has been a bit lacking in recent times. However, looking at their news channel, I don't hold out much hope! CNBC Europe seems much stronger to me - I quite enjoy European Closing Bell after a hard afternoon of trading!
GJ
GJ05
why is there so many letters in these channels and programmes now, for example UKTV G2+1 or MSNBC
RD
rdd Founding member
By the way, I just saw a CNBC US trailer on CNBC Europe (why?). It ended the same as our trailers, although the CNBC logo at the end was only a small one instead of taking up the full screen...Also the menu had a little triangular pointer beside the programme it was trailing (Closing Bell, 4pm ET) which we don't get.

What I thought was strange was at the end was the text "A Service of NBC Universal and Dow Jones". I thought CNBC US was wholly owned by NBC?
:-(
A former member
They've been showing US trailers for US Closing Bell for quite a while now - from what I've seen, it's always directly after a segment of US programming.

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