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Posts Tagged ‘Kevin Magee’

Jon Hilsenrath Joins FBN as a Contributor

jon hilsenrathJon Hilsenrath, Wall Street Journal‘s chief economics correspondent, is joining Fox Business as a contributor. In his new role, he will appear on both FBN and Fox News.

“Jon’s impressive background and expertise in global economics will make a great addition to FBN’s all-star business lineup, and we’re thrilled to welcome him to the team,” FBN EVP Kevin Magee said in a statement.

Hilsenrath, who currently covers the Federal Reserve, has worked at the WSJ since 1997. Previously, he worked as a freelance reporter for the New York Times and TIME. He will make his first appearance as a contributor on “Opening Bell with Maria Bartiromo” tomorrow morning.

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Charles Payne to Host FBN’s 6 p.m. Hour

Charles PayneFox Business is launching a new show hosted by Charles Payne in the 6pmET timeslot, FBN EVP Kevin Magee announced today. “Making Money with Charles Payne” will debut June 2.

“Charles has an incredible talent for identifying growth sectors in the markets and we’re excited to launch a new show dedicated to helping viewers spot these emerging investment prospects,” Magee said in a statement.

Payne has been an FBN contributor since the network launched in 2007. He appears frequently on both Fox News and Fox Business. TVNewser reported in March FBN was considering a show for Payne.

“There are money making opportunities behind every headline and each day I am going to debate and analyze these potential investments with the aim of helping viewers find their confidence in the markets and realize their long-term dreams and goals,” Payne said.

“Cavuto” currently airs at 6pmET and repeats at 8pmET. When Payne’s program debuts in June, “Cavuto” will continue to air at 8pmET.

Fox News Anchor Jamie Colby to Host New FBN Series

JamieColby304Fox News anchor Jamie Colby will be hosting a new reality-based series for Fox Business Network, TVNewser has learned. “Strange Inheritance” will look at real-life stories of unconventional inheritances. Colby will be taking a break from Fox News weekend anchoring as she tapes the show. In fact, she was in Iowa over the weekend working on one of the episodes.

FBN anchor Tracy Byrnes had been slated to host the show. “Due to family obligations, Tracy had to remove herself from the project, but we couldn’t be more enthused for Jamie Colby to take over the reins,” FBN EVP Kevin Magee says. “Jamie’s experience in storytelling and background in law make her a terrific choice for ‘Strange Inheritance.’”

The show will debut later this summer.

The Ticker: CNN, Biz Nets, Oliver

  • TV news analyst Andrew Tyndall pens a column in The Hollywood Reporter about CNN’s wall-to-wall coverage of MH370. Although the coverage “has been vindicated by increased ratings,” Tyndall notes it was not without its drawbacks: “Too often [CNN] abandoned actual journalism — reporting events known to have happened — to engage in speculative discussion of increasingly cockamamy theories (black holes?) about what happened inside the plane.”

  • In an ad airing on CNBC’s “Squawk Box” this week, Maria Bartiromo is urging viewers to “come on over” to her new Fox Business show. The ad is a “change of address card” for Bartiromo, FBN EVP Kevin Magee tells Variety.

  • As former “Daily Show” correspondent John Oliver prepares to launch his fake HBO news show, he tells The Washington Post that the real cable news channels have become like “ADD children, banging around from story to story then returning to their main story, which is where the [Malaysia Airlines] plane is. They’ve basically become like news jazz. It’s the stories they don’t tell; that’s what you’re really supposed to be listening to.”

Deirdre Bolton’s FBN Show to Launch March 31

deirdre bolton“Risk and Reward with Deirdre Bolton,” the latest addition to the Fox Business daytime lineup, will debut March 31, FBN EVP Kevin Magee announced today. The program will provide coverage of breaking market news, as well as “an in-depth look at non-traditional ways to make money beyond just stocks and bonds.”

Bolton’s show was announced as part of FBN’s programming changes that went into effect when Maria Bartiromo‘s show launched in February. Bolton joined Fox Business from Bloomberg TV, where she worked for 15 years, last month.

“We’re excited to add Risk and Reward with Deirdre Bolton to our lineup. Alternative investing is an immensely untapped field and Deirdre’s expertise in this area will help broaden our market hours coverage,” Magee said in a statement.

“I’m thrilled to join the FOX Business Network and create a new home for alternative asset strategy and education,” Bolton said. “We hope to make Risk and Reward a one-of-a-kind program that will help viewers navigate the vast world of investment choices, find more ways to make money and better ways to keep it.”

FBN Developing Alternative Primetime Show

tracy byrnesFox Business Network has announced the development of an original alternative primetime program, “Strange Inheritance,” that will debut later this year. The half-hour documentary show, hosted by Tracy Byrnes, will showcase real-life stories of unconventional inheritances.

“Strange Inheritance” will be produced by an outside production company, Towers Productions LLC. In-house oversight will be managed by Brian Gaffney, who was recently promoted to director of special programming for FBN. Gaffney, previously an executive producer of Fox News’ documentary unit, has been with Fox since 2002.

“A venture like Strange Inheritance helps us diversify our primetime programming. Its eccentric premise is a compelling option for a business audience after hours,” FBN EVP Kevin Magee said in a statement.

FBN says the show will begin production in late February and debut this summer.

Amid FBN Programming Shift, Some Staffing Changes

KnealeFollowing the announcement of Maria Bartiromo‘s new FBN show, and other changes to daytime programming, TVNewser has learned three longtime FBN staffers have been cut, including Dennis Kneale, who co-anchored the Noon hour, part of the “Markets Now” block of programs, which has been canceled in the changes.

Kneale joined FBN from CNBC in 2010. He covered media and technology for much of his career and is a past managing editor of Forbes, and spent 16 years with the Wall Street Journal.

Andy Hoffman, who was executive producer for Market Hours programming (9am-4pm), will not have his contract renewed. Hoffman had been with FBN since launch in 2007. He joined from ABC where he was a senior producer at “Good Morning America.” Before that, he spent 7 years at CNBC. Lou Giserman, a senior producer for market hours, will also be leaving the network.

“The anchors, reporters and production teams in place are poised to produce business television that is approachable, comprehensive and provides critical analysis of this important economic climate,” says FBN EVP Kevin Magee. “Our new programming structure emphasizes our financial acumen and wide breadth of experience and we look forward to its debut on February 24th.”

Magee adds that he “appreciated Hoffman, Giserman and Kneale’s service to Fox Business” and stated that “no further staffing changes are being considered with the elimination of Markets Now and the new overall programming format.”

From ‘Closing Bell’ to ‘Opening Bell’: Maria Bartiromo’s FBN Show to Launch February 24

Maria Batriomo FBNFirst on TVNewser: Maria Bartiromo‘s new Fox Business show officially has a name and a place in the FBN lineup. Beginning February 24, the former CNBCer will host “Opening Bell with Maria Bartiromo” from 9-11amET.

Bartiromo officially joined FBN from CNBC, where she anchored “Closing Bell with Maria Bartiromo,” last month. She made her first FBN appearance yesterday and she will be on “The O’Reilly Factor” making her first Fox News appearance tonight.

The launch of Bartiromo’s show sets off a slew of changes to the FBN lineup. With Bartiromo going on the air at 9amET, “Imus in the Morning” will end 20 minutes earlier. “Varney & Co.,” which currently airs from 9:20 to 11amET, will slide to 11am to 1pmET. “Markets Now,” FBN’s four-hour block helmed by a rotating cast of FBN anchors, will be condensed to one hour and will air from 1pmET-2pmET.

Fox Business has also announced the hire of Deirdre Bolton, who joins the network after 15 years at Bloomberg TV. When Bolton officially joins FBN later this year, she will take over the 1pmET hour with an as-yet-unnamed show.

The channel has also announced a few other programming changes: “Money with Melissa Francis” will move from 5pmET to 2pmET. In a reversal of the primetime shakeup FBN implemented in 2012, “The Willis Report with Gerri Willis” will move back to 5pmET and “Cavuto” will move back to 6pmET, with a re-air at 8pmET.

“Our new schedule will enhance our ability to deliver timely key business news and we are thrilled to debut fresh programming with an all-star team,” Fox Business EVP Kevin Magee said in a statement.

Why Biz Network Ratings Continue to Slide

BixNetworksLogos

The Wall Street Journal takes stock of the three TV business networks and sees that their fortunes are sagging.

In the third quarter, CNBC, the dominant business-news channel, hit a 20-year low in its target demographic of adults 25 to 54 years old. (CNBC’s gross advertising revenue is down 4% to $251.6 million since last year, according to SNL Kagan.) Six-year-old Fox Business Network remains on a long-term growth trajectory, but its average total daytime audience has declined from last year — to 58,000 from 71,000 — and has fallen short of some media buyers’ expectations. Bloomberg LP, meanwhile, is rethinking the business model of its TV channel, having failed to turn a profit or draw more than 10% of the audience for TV business news despite being on the air for nearly two decades.

Why is this happening? Reporters Keach Hagey and William Launder write that, beyond online and streaming competition, “business television has faced the added challenge that individual investors are fleeing the stock market as an increasing amount of trading is done by institutional investors and algorithms.”

“I think there are all sorts of places you can get stock prices,” said Kevin Magee, the executive vice president of Fox Business Network. “Aside from that, there is general unhappiness with the economy these days, and it isn’t always fun to watch news that’s bad.”

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Charlie Gasparino Re-Signs With Fox Business

Fox Business has re-signed Charlie Gasparino to a multi-year deal. Gasparino will continue in his role as senior correspondent for both FBN and Fox News Channel.

“Charlie thrives on holding Wall Street accountable and his tenacious, hard-nosed approach to journalism has made him one of the most respected reporters in the industry. We look forward to his continued success in breaking market-moving news,” FBN EVP Kevin Magee said in a statement.

Gasparino joined FBN from CNBC in 2010. In a statement, he praised FBN, saying the network “doesn’t play the Wall Street apology game, which gives me the freedom to do my job.”

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