Fox Biz In Q4: It’s Official

It’s on Business Wire: “News Corporation will launch a business cable network scheduled to debut in the fourth quarter of 2007, announced Rupert Murdoch, Chairman and Chief Executive of the company. Roger Ailes, Chairman and CEO, FOX News and Chairman, FOX Television Stations will develop and oversee the new venture, which is currently named FOX Business Channel.

Presently, FOX Business Channel has 30 million subscribers under contract after securing distribution agreements with multiple cable operators, including: Time Warner; Comcast; Charter, and Direct TV. The network, which will be housed at News Corporation headquarters in midtown Manhattan, is expected to launch in major markets across the country, including the world’s financial capital — New York — where it will be seen on expanded basic cable.”