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WALL STREET JOURNAL TO AIR OVERSEAS Tuesday, September 18 2007 Although the Wall Street Journal 's exclusive deal with CNBC limits News Corp's ability to exploit its newest aquisition on its upcoming Fox Business Network, there are numerous other ways that the WSJ's parent, Dow Jones, could provide content for News Corp's other enterprises, company chairman Rupert Murdoch said Monday. "How much more influential will Dow Jones content become, for example, if it is linked directly to our television networks in India, Europe and elsewhere in (more) MURDOCH OUTLINES TV PLANS FOR WSJ Thursday, August 9 2007 Given the Wall Street Journal's contractual obligation to CNBC until 2012, it may be unlikely that the newspaper will be able to contribute much -- if any -- content to the Fox Business Network, due to launch in October. But Rupert Murdoch, who called the deal with CNBC an "obstacle," indicated that it might not prevent the Journal from bolstering News Corp's satellite operations overseas. In a conference call with reporters and analysts Wednesday, Murdoch (more) |
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Employing an odd choice of words for a man who had just purchased a company that publishes a newspaper called the Wall Street Journal, Rupert Murdoch said Tuesday that the difference between his upcoming Fox Business Network and CNBC is: "They're Wall Street and we're Main Street." Speaking at an investors' conference in New York, the irony of Murdoch's remark seemed compounded when he indicated that Wall Street Journal writers will provide commentary for FBN as well as coverage of politics, international news, lifestyle -- "and you name it." Under an existing contract with Dow Jones that runs through 2012, the WSJ must provide its business news reporting exclusively to CNBC. But while CNBC focuses on "failures and politics," Murdoch said, "We want to emphasize innovation, success, people making money." In an interview with Daily Variety, a CNBC spokesman indicated that the cable network would not challenge Murdoch's interpretation of its deal with the Wall Street Journal.
