Fox Business Network (also known as Fox Business) is an American pay television business news channel that is owned by the Fox News Group division of Fox Corporation. The network discusses business and financial news. Day-to-day operations are run by Kevin Magee, executive vice president of Fox News; Neil Cavuto manages content and business news coverage. As of February 2015, Fox Business Network is available to approximately 74,224,000 pay television households (63.8% of households with television) in the United States.
|Fox Business Network|
|Launched||October 15, 2007|
|Owned by||Fox Corporation|
|Picture format||720p HDTV|
(downscaled to letterboxed 480i for the SDTV feed)
|Slogan||The power to prosper|
Opportunity. Pure and simple.
|Broadcast area||United States|
|Headquarters||New York City, New York|
Channel 1359 (VOD)
|Dish Network||Channel 206|
|Available on every cable provider||Channel slots vary on each system|
|Verizon FiOS||Channel 117 (SD)|
Channel 617 (HD)
|AT&T U-verse||Channel 211 (SD)|
Channel 1211 (HD)
|PlayStation Vue||Internet Protocol television|
|YouTube TV||Internet Protocol television|
News Corporation 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 (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 the co-owned broadcast network Fox Broadcasting Company.
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 (CNBC is carried on channel 15 on Time Warner Cable's New York City area systems). 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 (most systems have since switched to digital-only); 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 (SD channel 117 and HD channel 617). 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 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 shared the same set in Studio G, which was unveiled on Money for Breakfast the same day.
On September 17, 2012, FBN switched to a letterboxed format on its standard definition feed; simultaneously, all programs began being shown on its HD feed in a full 16:9 picture format, resulting in the removal of the right-side content wing. The network also debuted new graphics on the same day.
On February 24, 2014, Opening Bell with Maria Bartiromo debuted on FBN in the 9 a.m. ET timeslot, replacing the final 20 minutes of Imus in the Morning (which itself was truncated from 200 minutes to 180 minutes) and moved Varney & Company (which also expanded to the full 2 hours) down to the 11 a.m. ET time slot.
On May 29, 2015, Imus in the Morning ended after a 5-1/2 year run, as Don Imus retired from television, thus resulting in major changes to FBN's daytime programming lineup on June 1, 2015. Best of Imus in the Morning, which aired from 5-6 a.m. ET, was replaced with a new early-morning business program, FBN AM. Maria Bartiromo, whose Opening Bell program was also cancelled on May 29, debuted her own new morning program, Mornings with Maria, in the time slot previously occupied by the aforementioned Imus in the Morning (6-9 a.m. ET). Varney & Company was moved up to the 9:00 a.m. ET time slot and also, was expanded to 3 hours from 9:00 a.m. to noon ET. FBN AM and Mornings with Maria were among the four new programs that debuted on June 1, with Cavuto: Coast to Coast and Intelligence Report with Trish Regan being the others.
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 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.
On 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.
The high definition simulcast of Fox Business Network is broadcast in 720p. Programming shown on this feed was originally produced in high-definition, but was cropped to a 4:3 image and pushed to the left side of the screen, with the extra room used for additional content, such as statistics and charts, and a wider ticker with more room; the information sidebar was named "The Fox HD Wing" (competitor channel CNBC HD used the enhanced HD format until October 13, 2014, when it was discontinued altogether).
The sidebar graphic was dropped as a result of the network's switch to a 16:9 letterbox format on September 17, 2012, ending the enhanced HD format altogether. The enhanced ticker and headlines, which were previously seen in the old sidebar graphic, were moved to the lower-third of the screen. Both the SD and HD feeds now use the same exact 16:9 letterbox format, just like its other Fox-owned sister networks.
Before the network premiered, 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.
David Asman, 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 passing in 2017.
Other anchors include Peter Barnes, Tom Sullivan, Jenna Lee, Nicole Petallides and Cody Willard. Reporters include Jeff Flock (a CNN "original"), Shibani Joshi (from News 12 Westchester), and Connell McShane (from Bloomberg Television). The network also added former Hewlett-Packard CEO Carly Fiorina. In a October 10, 2007 article in Daily Variety, it was reported that Fiorina had signed with Fox Business Network to become a frequent business commentator on the newly formed cable network, intended to be a competitor to the CNBC cable network. Learmonth, Michael (October 10, 2007). "Fox cabler signs Fiorina". Daily Variety. p. 4.</ref> as a contributor to the network.
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 (formerly with Cleveland's WEWS-TV and New York City's WNBC) 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 (no relation to Tom) joined the Fox Business Network, 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.
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 (when Imus was just returning to radio, and Fox Business was just starting), 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.
Maria Bartiromo, formerly of CNBC, joined the Fox Business Network as anchor in February 2014. She is reunited with Liz Claman, Melissa Francis and Charles Gasparino, all 3 of whom worked with Bartiromo during her 20-year tenure at CNBC. Trish Regan (another CNBC alum), who was previously at Bloomberg, joined FBN in March 2015.
Most recently, 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.
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 (which does not have wide carriage) 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 (if not slightly wider than FS1 in terms of total households) than FS2, and that it would carry minimal impact to programming.
These reporters are based in New York unless otherwise stated.
On January 4, 2008, the New York Times and several other media outlets reported that FBN had registered an average of 6,300 viewers, far below Nielsen's 35,000-viewer threshold. The number was so low that neither Nielsen nor FBN were allowed to confirm the number. The Times and other media outlets noted the network is less than four months old and only in one-third as many households as is CNBC.
In July 2008, Nielsen estimated that FBN averaged 8,000 viewers per daytime hour and 20,000 per prime time hour, compared to 284,000 and 191,000 (respectively) for CNBC. Because FBN's viewership remained low, Nielsen had difficulty estimating viewership, and the estimates are not statistically significant. At the time, FBN was available in approximately 40 million homes to CNBC's over 90 million.
By June 2009, showed FBN with an average of 21,000 viewers between 5 a.m. and 9 p.m., still under the Nielsen threshold, and less than 10% of CNBC's 232,000 for the same time span. At this point, FBN was available in about 49 million U.S. homes.
Reports of ratings from the first episode of Imus in the Morning reported an average of 177,000 viewers (and a peak of 202,000 in the 7:00 a.m. hour) in the time slot, mostly over the age of 65; this was a more than tenfold increase compared to the network's previous morning show, Money for Breakfast. The program even beat CNBC's Squawk Box in the time slot.
Retrieved The first quarter of 2016 had FBN experience its strongest ratings in its history with day programming up 111 percent in total viewers and 130 percent in the key age 25 to 54 demographic, compared to a year before.
As of August 2017, Fox Business had surpassed CNBC's ratings for nine consecutive months, and Lou Dobbs Tonight was the most-watched program in business news. CNBC announced in 2015 that it would no longer rely on Nielsen ratings to measure its daytime audience, turning to rival Cogent Reports instead.
On April 20, 2009, the Canadian Radio-television and Telecommunications Commission approved Fox Business Network for distribution in Canada; however, it has yet to receive carriage on any subscription-TV providers within that country.
As of July 2011, the channel is carried on Sky Italia (a fellow News Corporation company at the time), its first European carriage deal. Fox Business HD was first broadcast in Israel by cable provider Hot in 2015, and it is also carried by Cellcom TV and Partner TV.
Fox Business Network was simulcast during overnight hours in Australia on Sky News Business Channel since its launch in January 2008. When Sky News Business was relaunched as Your Money in October 2018, the simulcast was carried over to the new channel. Australian News Channel Pty Ltd, which operated Sky News Business and partly owns Your Money, was partly owned by Sky plc in the United Kingdom (a fellow 21st Century Fox company at the time) until December 2016, when News Corp Australia (a fellow Rupert Murdoch company) acquired the Australian broadcaster in its entirety.
Fox Business has put together an industrial index made up of "the largest U.S. companies that make the products you know and use every day." This index includes:
Anheuser-Busch and Merrill Lynch were included in the original index, but each was acquired by other companies in 2008. They were replaced by Wells Fargo and HP. This index is not available to purchase in the form of an index fund or ETF. The fund received criticism from some financial bloggers for putting together an index with so many competing brands (such as FedEx and UPS; McDonald's and Yum! Brands; WalMart, Target and Costco; Apple, Dell and Microsoft; and Coca-Cola and PepsiCo).
International competitors include:
Charles V. Payne (born November 15, 1960) is a Fox Business Network contributor and host of Fox's Making Money with Charles Payne. He was formerly co-host of Varney & Co. He joined the network at its launch in October 2007. Payne is also a contributor to the Fox News Channel, frequently appearing on shows such as Cashin' In, Cavuto on Business, and Bulls and Bears.Dagen McDowell
Mary Dagen McDowell (born January 7, 1969) is an American anchor on the Fox Business Network and a business correspondent for the Fox News Channel. She is also a former business contributor on the Imus In The Morning radio show, and a regular guest on FNC's Hannity.David Asman
David Asman (; born 1954 in Hollis, New York) is an American television news anchor for the Fox Business Network and the Fox News Channel.
Asman first joined Fox News in 1997. He hosts Bulls and Bears on the Fox Business Network and numerous other Fox News Specials. He previously hosted Forbes on Fox and Fox News Live weekdays before joining the Fox News Channel's documentary unit.Kennedy (commentator)
Lisa Kennedy Montgomery (born September 8, 1972) (referred to mononymously as Kennedy) is an American political commentator, radio personality, former MTV VJ, the host of Kennedy on the Fox Business Network. Kennedy occasionally hosts Outnumbered on the Fox News Channel. She was the host of MTV's now-defunct daily late-night alternative-rock program Alternative Nation throughout much of the 1990s.List of programs broadcast by Fox Business
This is a list of programs broadcast by Fox Business Network (FBN). Fox Business is an American cable and satellite business news television channel that was launched on October 15, 2007. It is owned by the Fox News Group division of Fox Corporation, and the network discusses business and financial news.Lou Dobbs
Louis Carl Dobbs (born September 24, 1945) is an American television commentator, author, conspiracy theorist, anti-immigration advocate, radio show host, and the anchor of Lou Dobbs Tonight on Fox Business Network.Dobbs was an early promoter of the Barack Obama birtherism conspiracy theory, which posits that Obama is not a natural born US citizen, a theory also widely promoted by candidate Donald Trump prior to his election in 2016. He is known for anti-immigration views, as well as for various deep state conspiracy theories, and opposition to NAFTA and other trade deals. A Trump confidante, his show is known for its pro-Trump coverage.Dobbs started working with CNN at its inception in 1980, serving as a reporter and network vice president. On the air, he served as host and managing editor of the network's business program, Moneyline, which premiered in 1980. The show was renamed Lou Dobbs Tonight in 2003. Dobbs resigned from CNN for a short period of time in 1999 but rejoined the network in 2001. He resigned once again in November 2009. In 2011, he joined the Fox Business Network, resuming and anchoring his show, Lou Dobbs Tonight. He is the former talk radio host of Lou Dobbs Radio. Dobbs has authored several books since 2001.Lou Dobbs Tonight
Lou Dobbs Tonight is an American editorial commentary and discussion program hosted by Lou Dobbs, which previously broadcast on CNN and is currently broadcast on the Fox Business Network. The hour-long show aired live on evenings every weekday, and was replayed in the overnight/early morning hours. It covered the major news stories of the day with a focus on politics and economics. Field correspondents provided additional reporting and occasionally served as guest anchors. During Dobbs' tenure, notable politicians and economists were often guests on the show.
On November 11, 2009, Dobbs announced that he would be leaving CNN effective immediately. CNN anchor John King replaced the outgoing Dobbs beginning on March 22, 2010 with his new show John King, USA. Dobbs was eventually hired by Fox Business Network, which re-launched Lou Dobbs Tonight in March 2011.Maria Bartiromo
Maria Sara Bartiromo (born September 11, 1967) is an American television journalist, magazine columnist, and author. She is host of Mornings with Maria and Maria Bartiromo's Wall Street (the direct successor to the original Wall Street Week on PBS, renamed in early 2018). Bartiromo is global markets editor at Fox Business Network as well as the host of Sunday Morning Futures with Maria Bartiromo on Fox News. She hosts Fox Business Global Power Players segments.
She worked at CNN for five years before joining CNBC television where she worked for 20 years. In 2013, she joined Fox Business Network and Fox News. At CNBC, she was the anchor of the Closing Bell program and the host and managing editor of On the Money with Maria Bartiromo and is credited for becoming the first reporter to broadcast live from the floor of the New York Stock Exchange.Markets Now
Markets Now is a daily business programming block that is aired weekdays from 11am-3pm Eastern Time on the Fox Business Network.Mornings with Maria
Mornings with Maria Bartiromo (written on-air as Mornings with Maria) is an American opinion news and business television program appearing on Fox Business Network launched on June 1, 2015.Neil Cavuto
Neil Patrick Cavuto (born September 22, 1958) is an American television news anchor, commentator, and business journalist for Fox News. He hosts three television programs: Your World with Neil Cavuto and Cavuto Live, both on Fox News, and Cavuto: Coast to Coast on sister channel Fox Business Network since January 20, 2018.
Cavuto also tapes a nightly wrap-up of business news which airs on local FOX affiliates during the late news and has a syndicated radio business news segment that airs on weekday afternoons. He is the senior vice president and managing editor of business news for the Fox Business Network, and oversees content and business coverage. He is the author of two books.Sandra Smith (reporter)
Sandra Kaye Smith (born on September 22, 1980) is a TV news journalist currently serving as co-anchor of America's Newsroom on the Fox News Channel (FNC) in New York City. She is originally from Wheaton, Illinois and ran Track & Field while an undergraduate at Louisiana State University.Strange Inheritance
Strange Inheritance is an American television docu-series which airs on Fox Business Network. The series examines unusual inheritances and the stories behind them. The series is produced by Towers Productions and hosted by Jamie Colby and premiered on 26 January 2015.The back-to-back premiere of the first two episodes of the series was the highest rating launch in the channel's history at the time, with 289,000 and 315,000 viewers respectively.Stuart Varney
Stuart Varney (born July 7, 1948) is a British-born American talk show host and conservative political commentator who works for Fox News and the Fox Business Network. Varney joined Fox News in January 2004 as a business contributor on many shows, such as Your World with Neil Cavuto.Varney
Varney may refer to:
Varney, Ontario, a community in Canada
Varney, Kentucky, an unincorporated community in the US
Varney, West Virginia, an unincorporated community in the US
Varney Nunatak, Victoria Land, AntarcticaPeople:
Varney (given name)Businesses:
Varney Air Lines, a former airline in Idaho, US, predecessor of United Airlines
Varney Scale Models a maker of model railroad equipment
Fox Business Network programming