Murdoch Reports “Quite Considerable Progress” On Getting Fox Biz Distribution

Newsweek’s Johnnie L. Roberts asks Rupert Murdoch about the Fox Business Channel:

You’ve been trying for a while to get cable distribution to launch a rival to CNBC. Any progress? We’re in pretty intense discussions with the biggest cable companies, and making quite considerable progress. You can expect something fairly soon. Will it be on by the year-end? Yes.

> Update: 2:59pm: “News Corp. officials have been keen for some time to launch a business channel, building upon the success of the company’s Fox News Channel. Plans call for FNC Chairman Roger Ailes to head up the effort. However, despite the keen interest, Mr. Murdoch and others have said the channel’s launch would be predicated upon the channel’s ability to get carriage,” TV Week adds.

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