Wednesday, August 01, 2007

Murdoch can't use WSJ for new biz channel

I did not know this:
The Journal already has a deal to provide news content exclusively to CNBC, an magreement that the News Corporation discovered is ironclad until 2012. Any move to tie The Journal to the new Fox business channel will require disentanglement.

In other words, Rupert Murdoch would have to fork over a weighty bit of cash to get the WSJ on his new channel. Meanwhile, someone forgot to mention this bit of news to their business columnist:
...[O]wning a pivot point in financial news will create some tidy synergies — content for a new Fox business channel to compete with CNBC on cable television, a global foothold for financial data, coverage of all of his competitors in The Journal.

That is, if a Fox Biz channel is still around in 2012.

Permalink posted by Jonathan : 8:27 AM

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