{"id":790,"date":"2008-02-12T02:06:56","date_gmt":"2008-02-12T10:06:56","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=790"},"modified":"2008-02-12T02:06:56","modified_gmt":"2008-02-12T10:06:56","slug":"fox-business-network-jinxes-the-markets","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=790","title":{"rendered":"Fox Business Network Jinxes The Markets"},"content":{"rendered":"

Dow Jones announced<\/a> today that it will be adjusting the components of its Dow 30 stock index. This is the first change since Dow Jones, parent of the Wall Street Journal, was purchased by Rupert Murdoch’s News Corporation, parent of Fox News and the recently launched Fox Business Network. The index will be replacing the Altria Group and Honeywell with Bank of America and Chevron. The result will be an increase in the weighting of financials and energy in the index.<\/p>\n

It will be interesting to see the effect over time of these trades, but given the propensity of Murdoch to attempt to manipulate outcomes to his liking, one must wonder if there is a hidden purpose to these events. He has previously confessed to trying to shape the agenda<\/a> on the war in Iraq. He also promised to make the FBN a business friendly<\/a> network.<\/p>\n

Murdoch’s machinations of late have not met with the success to which he is normally accustomed. Fox News is presently the slowest growing<\/a> cable news network. FBN got off to a pathetic crawl<\/a>. And I wonder if anyone else has noticed this sign of the Apocalypse: When the Fox Business Network launched on October 15, 2007, the Dow Jones had just hit its all-time high. Since then the markets have collapsed, diving 15% in the four months since FBN’s debut.<\/p>\n

\"FBN<\/p>\n

Coincidence?<\/p>\n","protected":false},"excerpt":{"rendered":"

Dow Jones announced today that it will be adjusting the components of its Dow 30 stock index. This is the first change since Dow Jones, parent of the Wall Street Journal, was purchased by Rupert Murdoch’s News Corporation, parent of Fox News and the recently launched Fox Business Network. The index will be replacing the […]<\/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],"tags":[203,182,30],"class_list":["post-790","post","type-post","status-publish","format-standard","hentry","category-general","tag-dow-jones","tag-fbn","tag-rupert-murdoch"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-cK","jetpack-related-posts":[{"id":1213,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1213","url_meta":{"origin":790,"position":0},"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 "General"","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":790,"position":1},"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 "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1151,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1151","url_meta":{"origin":790,"position":2},"title":"The Wall Street Journal After A Year With Murdoch","author":"Mark NC","date":"12\/13\/2008","format":false,"excerpt":"It was one year ago today that the Dow Jones Company, parent of the Wall Street Journal, agreed to be acquired by Rupert Murdoch's News Corp. That transaction marked another step in the shrinking universe of media ownership. Specifically, it was the consumption of a revered publishing institution by a\u2026","rel":"","context":"In "Big Media"","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":645,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=645","url_meta":{"origin":790,"position":3},"title":"Dow Jones Is Already Murdoch’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 "Big Media"","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":649,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=649","url_meta":{"origin":790,"position":4},"title":"Fox Business Network: Porn And Patriotism","author":"Mark NC","date":"10\/19\/2007","format":false,"excerpt":"The new Fox Business Network has launched and is rapidly proving itself to be faithful to the Murdochian Doctrine of Porn & Patriotism. It's a business model that aims directly at America's horny nationalists.Now they are narrowing their target to horny nationalistic investors. Is there really an audience for \"America's\u2026","rel":"","context":"In "Big Media"","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":424,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=424","url_meta":{"origin":790,"position":5},"title":"Murdoch Makes Bid For Dow Jones","author":"Mark NC","date":"5\/1\/2007","format":false,"excerpt":"Rupert Murdoch's News Corp. has made an unsolicited offer to purchase the Dow Jones Company, owner of, among other things, the Wall Street Journal. Dow Jones is majority controlled by the Bancroft family, who have been reluctant to sell in the past. 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