History
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.
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 (FBN). This name Fox Business Network was chosen over Fox Business Channel due to the pre-existing (though seldom used) legal abbreviation of FBC for Fox Broadcasting Company.
The network is placed on channel 43 in the New York City market, an important market for financial news. It is paired with Fox News on the dial, which moved to channel 44. CNBC is on channel 15 under the Time Warner lineup in New York. FBN is on Cablevision on channel 106, only available via subscription to their IO Digital Cable package. According to an article in MultiChannel News magazine, NBC Universal paid up to "several million dollars" in order to ensure that CNBC and Fox Business would be separated on the dial, and in order to retain CNBC's "premium" channel slot. However, it is important to note that FBN is on Time Warner analog only in New York; in other markets, digital cable is required. Verizon's FiOS TV, with 515,000 subscribers nationwide, also carries the network on its premier lineup (SD channel 117 and HD channel 617). Dish Network, which began carriage of FBN February 2, 2009, can be found on Channel 206. FBN can also be found on channel 359 on DIRECTV.
On May 12, 2008, Fox Business Network revamped its daytime lineup, which included the debut of two new programs, Countdown to the Closing Bell and Fox Business Bulls & Bears.
On April 20, 2009, Money for Breakfast, The Opening Bell on Fox Business (both hosted by Alexis Glick), The Noon Show with Tom Sullivan and Cheryl Casone, Countdown to the Closing Bell, Fox Business Bulls & Bears and Cavuto all moved to the network's new Studio G set. All six of those shows share the same set in Studio G, which was unveiled on Money for Breakfast the same day.
On September 17, 2012, FBN switched to a 16:9 letterbox format, with all programs being shown in full-screen HD. The Fox Business HD wing was dropped as a result of the switch. The network also debuted new graphics on the same day.
Read more about this topic: Fox Business Network
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