Fox Biz: Set To Launch In Early 2007 In 30 Million Homes, Chernin Says

Fox Business Channel “is on schedule to launch early next year in 30 million homes, according to News Corp. President-COO Peter Chernin,” MediaPost reports.

At an investors’ conference yesterday, Chernin said “we just want to make sure we have all the distribution deals locked up…and we think we’re getting pretty close to doing that.”

David Goetzi reports: “About half of its initial 30 million homes are likely to be customers with DirecTV, the News Corp.-owned DBS service. News Corp. has a head start in launching new cable channels, since it can instantly give a new outlet distribution in 15.5 million DirecTV homes. Since News Corp. acquired DirecTV three years ago, Chernin has said the company intends to use it to launch one new cable channel a year…”