News Corp head Rupert Murdoch stopped by Your World with Neil Cavuto yesterday to discuss the purchase of Dow Jones. The lengthy interview touched on a variety of topics, including the growing financial empire Murdoch is building.
The addition of Dow Jones brings The Wall Street Journal to the recent television leg of News Corp — the Fox Business Network. Cavuto asked how they will integrate the two, and the “competition” was brought up by name.
Cavuto: How important will the Wall Street Journal, will Dow Jones, collectively be to building up FBN?
Murdoch: Oh, I think they’ll build each other, they’ll help each other. You know, at the moment, there’s a standing agreement with our competition, but that will run down or run out and we’ll be able to put the two together more and more.
Cavuto: Alright, the standing agreement, you’re talking about is where Wall Street Journal reporters’ contractual agreement with CNBC, I think that’s the name of it.
Murdoch: Yes, but it doesn’t stop a lot of them from coming on, onto Fox, and they have.