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Murdoch/Dow Jones: He Says Deal Would Help Fox Biz; “We Will Do Very Well”

A rush transcript of Rupert Murdoch‘s comments about the Fox Business Channel on FNC’s Your World with Neil Cavuto this afternoon:

  murdochmay1.jpgCAVUTO: I should disclose for viewers here that I’m helping get a business channel up and running for you. How will this deal affect or impact that?

MURDOCH: I think it will help it. Of course, there is a deal already with CNBC. But we just want to have a business channel that lives up to the quality and traditions of the Wall Street Journal. We think that we can do that and we will do very well.

CAVUTO: As you know, they have personalities, reporters, and editors that appear on CNBC. Deals I think that continue through 2012. How would this impact that?

MURDOCH: Well there are a lot of other things in the Journal. Indeed, their editors appear on Fox, every Saturday I think or Sunday. We think there is plenty of room for us all to work together.

 

> Update: 5:11pm: It’s important to note that Murdoch meant “members of the WSJ editorial board” when he said “editors.” WSJ news editors don’t appear on FNC every weekend…

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