Fox Business Network is broadcast to the United States of America via Cable and Satellite and commenced broadcasting on October 15, 2007. It is owned by Rupert Murdoch's News Corporation and specialises in discussing business and financial news. It is currently available to more than 30 million residents in the US, with plans to commence international transmissions sometime in the future.
News Corp chairman Rupert Murdoch confirmed the launch of the channel, to sister the already longstanding Fox News Channel, at his keynote address at the 2007 McGraw-Hill Media Summit on February 8, 2007. From the beginning, Kevin Magee, the then executive vice president of Fox News was brought in to run the day-to-day operations of the channel, whilst Neil Cavuto, who previously was the business editor for the Fox News Channel, was drafted to manage content and business news coverage. Ray Hennessey was brought in to direct 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, in July 2007, it was announced that the new channel would be called the Fox Business Network (FBN). This name Fox Business Network was chosen over Fox Business Channel simply because of the pre-existing, though not often used, legal abbreviation of FBC relating to the Fox Broadcasting Company.
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 6 of those shows will share the same set in Studio G, which was unveiled on Money for Breakfast that same day.
In April 2009, the Canadian Radio, Television and Telecommunications Commission approved the channel for distribution in the country, which is expected to begin shortly. The channel is also simulcast in Australia on the Sky News Business Channel when it itself is off air. There are also reports of low level discussion to launch the channel in the UK and other parts of Europe, including Italy, where News Corp has large broadcasting presences. The UK is thought to be of particular interest using the BSkyB satellite platform, on which the Fox News Channel is also carried. Sky News, broadcast throughout the UK airs daily updates from Fox Business Netowrk, particularly within the 1pm 'Live Desk' show, which features Fox Business Network graphics and presenters.
Fox Business Network HD is a 720p enhanced high definition simulcast of Fox Business Network. Programming shown on Fox Business Network HD is produced in high-definition, but is cropped to a 4:3 image and pushed to the left of the screen, with the extra room used for additional content, such as statistics and charts, and a wider ticker with more room. The side info is named "The Fox HD Wing".
From the beginning, Fox Business Network has utilised a broad range of talent, including experienced presenters and reporters from former networks such as CNNfn, to the current networks including Bloomberg and CNBC. As well as the seasoned line up, FBN also actively employs new up-and-coming talent which can be seen through the young staff airing on the network.
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