Fox Business
Fox Business is an American conservative business news channel and website publication owned by the Fox News Media division of Fox Corporation. The channel broadcasts primarily from studios at 1211 Avenue of the Americas in Midtown Manhattan. Launched on October 15, 2007, the network features trading day coverage and a nightly lineup of opinion-based talk shows.
Day-to-day operations are run by Kevin Magee, executive vice president of Fox News; Neil Cavuto was the vice president and managing editor for the network and business news operation overall.
As of February 2015, Fox Business Network is available to approximately 74,224,000 pay television households in the United States.
History
chairman Rupert Murdoch confirmed the launch at his keynote address at the 2007 McGraw-Hill Media Summit on February 8, 2007. Murdoch had publicly stated that if News Corporation's 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, News Corporation announced that the new channel would be called Fox Business Network, a name chosen over Fox Business Channel due to the pre-existing legal abbreviation of "FBC" for the co-owned broadcast network Fox Broadcasting Company.Before the network launched, few specific facts were made public as to the type of programming approach Fox Business would be taking. However, some details emerged as to how it would differentiate itself from its main competitor, CNBC. At a media summit hosted by BusinessWeek magazine, Rupert Murdoch was quoted as saying CNBC was too "negative towards business". They promised to make Fox Business more "business friendly". In addition, it was expected that Fox Business would not be "poaching" a lot of CNBC's on-air talent in the immediate future, as most key on-air personalities had been locked into a long-term contract. However, that still left open the possibility of the network taking some of CNBC's other staff, including editors, producers and other reporters.
The channel launched on October 15, 2007. The network is placed on channel 43 in the New York City market in the basic-tier pay-TV package, which is home to the NYSE and NASDAQ stock exchanges. It is paired with sister network Fox News Channel, which moved to channel 44. FBN received carriage on Cablevision channel 106, only available via subscription to its IO Digital Cable package. According to an article in Multichannel News, 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. At the time FBN was carried on Time Warner Cable only on its analog service in New York City ; in other markets, the channel's carriage was limited to premium digital cable packages at extra cost. Verizon's FiOS TV also carries the network on its premier lineup. Dish Network began carrying FBN on channel 206 on February 2, 2009. FBN also received carriage on DirecTV channel 359. As its prominence grew, some providers indeed moved the channel to their basic package, and some have paired Bloomberg Television, CNBC and FBN next to each other as part of 'genre' channel maps.
On November 10, 2015, Fox Business Network, along with The Wall Street Journal hosted its first Republican presidential primary debate, setting a ratings record for the network with 13.5 million viewers. The debate also delivered 1.4 million concurrent streams, making it the most watched livestreaming primary debate in history and beating out the 2015 Super Bowl by 100,000 streams. Fox Business Network hosted its second Republican primary debate on January 14, 2016, in Charleston, South Carolina with Neil Cavuto and Maria Bartiromo serving as moderators. Both of these primetime debates also included earlier debates featuring presidential candidates who were not ranked as highly in the national polls as well as those based in Iowa or New Hampshire.Image:111807z12.jpg|thumb|left|Studio F, the previous studio for Fox Business Morning and Fox BusinessOn December 14, 2017, 21st Century Fox announced it would sell a majority of its assets to The Walt Disney Company in a transaction valued at over $52 billion. Fox Business Network was not included in the deal and was spun off to the significantly downsized Fox Corporation, along with the Fox Broadcasting Company, Fox News Channel and Fox Sports 1 and 2. The deal was approved by Disney and Fox shareholders on July 27, 2018, and was completed on March 19, 2019.
On September 29, 2019, Fox Business Network unveiled a new slogan, "Investing in You", a new on-air graphics scheme based on one recently adopted by Fox News Channel, and updated digital platforms. The channel also announced the new Friday-night program Barron's Roundtable.
Programming and on-air staff
, Maria Bartiromo, Cheryl Casone, Dagen McDowell, and Stuart Varney are anchors for Fox Business Network; they also appear on Fox News Channel. In addition, Brenda Buttner was also on the roster on FBN until her death in 2017.Other anchors include Peter Barnes, Tom Sullivan, Jenna Lee, Nicole Petallides and Cody Willard. Reporters include Jeff Flock, Shibani Joshi, and Connell McShane. The network previously had former Hewlett-Packard CEO Carly Fiorina as a contributor.
Dave Ramsey had a one-hour prime time show, similar in format to his syndicated radio show, until June 2010. Tom Sullivan broadcast his Tom Sullivan Show on the radio, with plans to syndicate the show nationwide with the assistance of Fox News Radio. Adam Shapiro was added to the Fox Business Network to report from the Washington, D.C. bureau. On October 18, 2007, former CNBC anchor Liz Claman joined the Fox Business Network as co-anchor of the 2-3 p.m. portion of the dayside business news block with David Asman. Her first assignment for FBN was an interview with Warren Buffett.
In April 2008, Brian Sullivan joined FBN, coming over from Bloomberg Television. Sullivan, who reunited with his Bloomberg colleague Connell McShane, anchored the 10 a.m.-12 p.m. portion of the business news block with Dagen McDowell.
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, 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 shared the same set in Studio G, which was unveiled on Money for Breakfast the same day.
In September 2009, Don Imus and FBN reached an agreement to carry his show, Imus in the Morning, on Fox Business. The show began airing on October 5, 2009. Fox had previously been in negotiations with Imus to bring his show to the network. In November 2007, negotiations fell through and Imus instead signed with rural-oriented network RFD-TV.
On December 23, 2009, Alexis Glick left FBN. Announcing that that day's episode of The Opening Bell would be her last, she said "I know this is not the norm, but I don't believe in abrupt departures." The only reason given by Glick for her departure was that she was leaving to "embark on a new venture," but a number of sources have noted that Don Imus' new morning show had a significant effect upon Glick's screen time since he signed with the network.
On November 10, 2010, FBN announced that former CNN anchor Lou Dobbs would join the channel. His program, Lou Dobbs Tonight, moved to FBN in March 2011.
On February 24, 2014, former CNBC host Maria Bartiromo moved to FBN, where she would host Opening Bell with Maria Bartiromo, and become a Fox News contributor.
In April 2015, it was reported that Fox Business would drop the Imus in the Morning simulcast, as Imus was planning to move from New York City to Texas. On May 11, the network officially announced a new daytime lineup that would begin June 1; FBN AM would air from 5-6 a.m. ET, and Bartiromo moved to the 6-9 a.m. ET timeslot formerly held by Imus to host Mornings with Maria. Varney & Company was moved up to 9 a.m. and expanded to three hours, Neil Cavuto would host the new midday program Cavuto: Coast to Coast, and Trish Regan would host the new afternoon program The Intelligence Report, and Melissa Francis moved to co-anchor After the Bell alongside David Asman.
Former UK Independence Party head Nigel Farage was announced as a commentator on January 20, 2017, the day of Donald Trump's presidential inauguration. Farage will provide political analysis for both Fox Business and Fox News.
Sports programming
Fox Business Network has occasionally served as an overflow channel for Fox Sports telecasts in the event of programming conflicts across Fox, Fox Sports 1, and Fox Sports 2, particularly college football. For instance in 2017, a game between Baylor and Oklahoma State aired on Fox Business due to a weather-delayed game on FS1. It was reported in May 2018 that, following a controversial decision in November 2017 to move the first quarter of a Pac-12 football game between Washington and Stanford from FS1 to FS2 due to a NASCAR Camping World Truck Series overrun, that Fox would prefer the use of FBN for future Pac-12 overflow situations, as it has significantly wider distribution than FS2, and that it would carry minimal impact to programming.Occasional scheduled sports programming began airing on Fox Business in 2025. That year, Fox Business aired a MotoGP race, second-round coverage of a LIV Golf League event in Virginia, and horse racing from Saratoga Race Course on Labor Day weekend.