Porter Bibb of Mediatech Capital Partners made an interesting remark during the 3pm hour of CNBC:
|BIBB: One has to begin to wonder how much confidence [Murdoch] has in your competition that’s going to hit the airwaves in the fourth quarter this year. Fox Business needs something like a Wall Street Journal boost to come out of the gate roaring.|
BARTIROMO: In other words, he does need the Wall Street Journal or something like that, a leader in business information, in order to really take the Fox Business News channel to where he wants to take it.
BIBB: I think that’s part of it…