{"id":667,"date":"2007-11-19T13:35:23","date_gmt":"2007-11-19T20:35:23","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=667"},"modified":"2008-02-12T01:48:36","modified_gmt":"2008-02-12T09:48:36","slug":"fox-business-not-hurting-business-at-cnbc","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=667","title":{"rendered":"Fox Business Not Hurting Business At CNBC"},"content":{"rendered":"<p>It&#8217;s been a month since the launch of the Fox Business Network. Actual ratings data won&#8217;t be available for a few more months but data on CNBC is available. To the extent that you can speculate as to FBN&#8217;s performance based on the performance of it&#8217;s main competitor, there is no particularly good news for the fledgling net.<\/p>\n<p>For the month that FBN has been on the air, <a href=\"http:\/\/www.mediabistro.com\/tvnewser\/cnbc\/cnbc_fbn_the_first_month_71219.asp\" target=\"_blank\">CNBC has grown<\/a> 32% in total daytime viewers and 21% in total viewers for the full day. Of course, there could be other reasons for the ratings growth, but there is obviously no noticeable dip for CNBC as a result of the competition from Fox.<\/p>\n<p>To underscore why viewers may want to <a href=\"http:\/\/valleywag.com\/tech\/clips\/fox-business-newss-apple+amd-flub-323889.php\" target=\"_blank\">stay away from FBN<\/a>, on Friday they interrupted their news chatter with an alert that Apple was buying an 8% stake in chip maker, AMD. After about a minute they corrected the report saying that it was not Apple, but the government of Abu Dhabi (which both anchors mispronounced) that was buying in to AMD. That minute was plenty of time for investors to have made trades and, subsequently, lost money.<\/p>\n<p><strong>More reasons:<\/strong> On Tuesday FBN reported that Hewlett-Packard missed their earnings estimate by a penny. Eleven minutes later <a href=\"http:\/\/www.mediabistro.com\/tvnewser\/fox_biz\/what_a_difference_5_cents_can_make_71398.asp\" target=\"_blank\">they admitted<\/a> that they had erroneously reported the net income instead of the operating income, which actually beat estimates by four cents. I really hope that no one is trading based on what they see on FBN.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s been a month since the launch of the Fox Business Network. Actual ratings data won&#8217;t be available for a few more months but data on CNBC is available. To the extent that you can speculate as to FBN&#8217;s performance based on the performance of it&#8217;s main competitor, there is no particularly good news for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1,6],"tags":[233,182],"class_list":["post-667","post","type-post","status-publish","format-standard","hentry","category-general","category-ratings","tag-cnbc","tag-fbn"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-aL","jetpack-related-posts":[{"id":740,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=740","url_meta":{"origin":667,"position":0},"title":"Fox Business Network Limps Out Of The Gate","author":"Mark NC","date":"1\/5\/2008","format":false,"excerpt":"The new Fox Business Network may not be living up to the hype. Although Nielsen ratings are not being officially released, numbers have leaked that don't auger well for Murdoch's new baby: \"After less than three months on the air, Fox Business Network is averaging a mere 6,000 viewers in\u2026","rel":"","context":"In &quot;Big Media&quot;","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5576,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=5576","url_meta":{"origin":667,"position":1},"title":"Memo From Fox Business To Staff &#8211; Don&#8217;t Copy Fox News","author":"Mark NC","date":"10\/18\/2011","format":false,"excerpt":"Reuters is reporting that the Vice-President of the Fox Business Network, Kevin Magee, has distributed a memo to his staff admonishing them for being too much like their sister network, Fox News. Magee: \"I've been asked to remind you all again that they are separate channels and the more we\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1091,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1091","url_meta":{"origin":667,"position":2},"title":"Happy Birthday Fox Business Network","author":"Mark NC","date":"10\/15\/2008","format":false,"excerpt":"Today is the first anniversary of the debut of the Fox Business Network, Rupert Murdoch's newest propaganda platform. Ratings for the network are still so low that, even after a year, Nielsen cannot certify their reliability and they are not published. When numbers were leaked earlier this year they revealed\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":994,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=994","url_meta":{"origin":667,"position":3},"title":"Fox Business Is Still Bad Business","author":"Mark NC","date":"7\/27\/2008","format":false,"excerpt":"The first official ratings for the Fox Business Network reveal that the new enterprise is somewhat less than promising: \"For the first three weeks of July, according to Nielsen figures obtained yesterday that have not been publicly released, Fox Business Network is averaging just 8,000 viewers during daytime hours, and\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1213,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1213","url_meta":{"origin":667,"position":4},"title":"Jon Stewart On CNBC","author":"Mark NC","date":"3\/5\/2009","format":false,"excerpt":"Further evidence that the only substantive review of the media takes place on Comedy Central. This is a must-see Daily Show clip wherein Jon Stewart mercilessly takes apart CNBC. As a reminder, even though Stewart couldn't name another business network (he eventually came up with Bloomberg), there is another one.\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":645,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=645","url_meta":{"origin":667,"position":5},"title":"Dow Jones Is Already Murdoch&#8217;s Bitch","author":"Mark NC","date":"10\/16\/2007","format":false,"excerpt":"The Fox Business Network launched yesterday in a manner that affirmed its mission to dumb down business news and to manipulate information for the benefit of itself or its agenda. Emblematic of their reputation for low-brow, prurient exploitation, they managed to squeeze in an interview of the financial wizard on\u2026","rel":"","context":"In &quot;Big Media&quot;","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=667"}],"version-history":[{"count":0,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/667\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}