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Mondo Times editors
Boulder Colorado USA | Posted at 11:01am on Friday, November 13th, 2009 | FBN Not Even Close To Stealing CNBC's Lunch, Vanity Fair reported on November 13, 2009:
"The executive vice president of Fox Business, Kevin Magee, says he’s happy with the network’s performance so far. “We’re where we think we should be,” he tells Vanity Fair. In particular, Magee cites the success of FBN’s simulcast of Don Imus’s radio show, which debuted earlier this month. Imus “has brought a whole bunch of people to the channel who sought us out,” says Magee, “and once they found us they seemed to like us.”
Indeed, Opening Bell, which airs right after Imus, has seen its viewership increase by 217 percent.
On the other hand, Imus?
Sure, he talks about the economy occasionally, but does that mean he belongs on a business network? (What next, will ESPN hire Rush Limbaugh because he talks about football occasionally? Oh, wait. That happened.)
The full story:
http://www.vanityfair.com/online/politics/2009/11/is-fox-business-network-a-lost-cause.html
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Mondo Times editors
Boulder, Colorado USA | Posted at 9:55pm on Sunday, October 18th, 2009 | Don Imus' deal with the Fox Business Network is worth about $3 Million, the Huffington Post reported on October 9, 2009:
"The contract is actually valued at around $3 million, according to insiders with knowledge of the deal.
The arrival of a big-name star like Imus is expected to boost the fledgling network's visibility and ratings — already, his debut was one of the most-watched programs in Fox Business history and beat the timeslot's average by 1500 percent. But insiders also say that there wasn't much wooing going on, as Imus, too, gets more than just $3 million out of the deal: the chance to be seen by hundreds of thousands of viewers on a national TV network for the first time since his controversial 2007 remarks got him removed from MSNBC."
The full story:
http://www.huffingtonpost.com/2009/10/09/don-imus-fox-business-dea_n_315505.html
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Mondo Times editors
Boulder, Colorado USA | Posted at 10:41pm on Saturday, September 12th, 2009 | ABC News reporter John Stossel is leaving the network to join Fox News Channel and Fox Business Network. Stossel will host a weekly, one-hour program called "Stossel" on Fox Business Network and four hour-long specials on Fox News, focusing on business and consumer issues.
Stossel, who has worked at ABC since 1994, will join Fox News in October.
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Mondo Times editors
Boulder, Colorado USA | Posted at 10:58pm on Wednesday, September 9th, 2009 | On September 3, 2009, Fox Business Network announced that it has signed a multi-year deal with radio personality Don Imus in which his nationally syndicated program Imus in the Morning will be simulcast on the channel.
Beginning October 5, 2009, the program will be presented Monday through Friday from 6-9 AM ET on Fox Business and will continue to be syndicated on the radio by Citadel Media.
The program will incorporate additional business news into its format which now offers a mix of current affairs, politics, entertainment and sports as discussed by Imus and his cast of characters including: Charles McCord, Bernard McGuirk, Rob Bartlett, Lou Rufino, Tony Powell, Warner Wolf and Julie Kanfer.
Imus said, “I love Fox. Roger Ailes is the preeminent genius of American Broadcasting. Who wouldn't want to do this?"
In addition to the Imus team, FBN’s Jenna Lee, Connell McShane and Ashley Webster will continue co-anchoring Fox Business Morning from 5-6AM ET and appear frequently on Imus in the Morning reporting on breaking financial news as well as pre-market action. Lee, McShane and Webster will also co-host a live online news morning program for viewers to get up-to-the-minute stock reports and financial news updates.
Money for Breakfast, which currently occupies the 7-9AM time slot, will present its last show on Friday, October 2nd and its current host Alexis Glick will continue anchoring Opening Bell (9-10 AM ET). Glick also serves as FBN’s Vice President for Business News.
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Mondo Times editors
Boulder, Colorado USA | Posted at 10:20pm on Friday, January 23rd, 2009 | On Saturday, January 24, 2009, Fox Business Network added its first live, regular weekend program. "Your Questions, Your Money Live" airs from 10am-2pm ET each Saturday.
Dagen McDowell hosts the call-in show, where viewers talk to experts about the economic crisis and personal finance issues. The series features a rotating cast of FBN contributors and outside experts.
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Mondo Times editors
Boulder, Colorado USA | Posted at 11:32pm on Sunday, December 21st, 2008 | On December 19, 2008, Fox Business News announced that they have sued the United States Treasury Department for failure to respond to Freedom of Information Act (FOIA) requests. The Fox press release began:
FOX Business Network (FBN) has filed a lawsuit against the United States Treasury Department over failure to provide information on the bailout funds or respond to FBN's expedited requests filed under the Freedom of Information Act (FOIA).
The initial request, filed on November 25, sought actual data on the use of the bailout funds for American International Group and the Bank of New York Mellon, and an additional request, filed on December 1, sought similar data on the bailout funds for Citigroup, Inc. FBN is asking for the Treasury Department to identify, among other issues, the troubled assets purchased, any collateral extended, and any restrictions placed on these financial institutions for their participation in this program.
Kevin Magee, Executive Vice President, FOX News commented, "The Treasury has repeatedly ignored our requests for information on how the government is allocating money to these troubled institutions. In a critical time like this amidst mounting corruptions and an economic crisis, we as a news organization feel it's more important than ever to hold the government accountable."
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