Murdoch: Fox Moving Ahead w/Business Channel Plans

TV Week reports Fox chief Rupert Murdoch told investors that his company is moving forward with plans to launch a business cable news channel to compete with CNBC. The launch apparently has been delayed, though, as Fox News chairman Roger Ailes wonders whether or not the startup could so easily thrash the competition like FNC has.

Matthew Sheffield
Matthew Sheffield
Matthew Sheffield, creator of NewsBusters and president of Dialog New Media, an internet marketing and design firm, left NewsBusters at the end of 2013