Archive for the FBN Category

Deirdre Bolton Profile…

Posted in FBN on June 30, 2014 by icn2

Suburban Life Magazine’s Bill Donahue profiles FBN’s Deirdre Bolton…

What do you like most about what you’re doing now?

One of the most fun parts of what I cover is venture capitalism and new tech business. New York is full of investors who want to find the next Facebook or Twitter, so it’s a really exciting place to be. There has always been money in the city, but for the first time in generations there are tons of entrepreneurs who have opportunities here. These are people we might not have heard of otherwise, so part of the joy for me is the discovery. These are great stories, even patriotic stories, and they speak to why people want to come here, go to school here, stay here, because they can have their intellectual property protected and they can find other people easily who are capable of helping them launch a business. … Entrepreneurs are also very honest; they will tell you, “I failed the first 99 times, but the 100th time was the one.” They are “failure ready,” so when they do it right, it’s a compilation of every step they tweaked and honed along the way.

Are you pleased with “Risk & Reward” and how it has been received so far?

It’s going great, touch wood. FOX has been super supportive. One thing that I’m doing is something called “Elevator Pitch,” in which we block off a News Corp elevator, so we’re in a moving elevator with an entrepreneur, and they have 30 seconds for the ride up to give their pitch, and there’s a panel of judges waiting. Two or three weeks ago, off camera one of the judges wrote a check for $50,000 to an MBA student at Columbia [University] for his idea. … This whole show is my startup, and that segment [“Elevator Pitch”] has been my startup. I went to my boss and asked, “Can I do this?” and he told me to go for it. They’re very supportive of creativity, which is unusual in the media right now; when have a good idea, you can go for it.

Ratings? What Ratings?

Posted in CNBC, FBN on June 2, 2014 by icn2

AdWeek’s Sam Theilman writes about CNBC not guaranteeing daytime ratings… (via J$)

CNBC, the financial news network, is done with daytime Nielsen ratings.

“They are no longer guaranteeing the business day, which is the most important daypart for a financial client,” a source told Adweek. “They believe that their primary business day viewing is done in offices and therefore not monitored by Nielsen and underrepresented.”

And to some extent, that’s probably the case. The smaller a network’s audience, the less accurate its Nielsen ratings are going to be, and the ratings for CNBC have gotten ever-smaller in the last few years, as have ratings at its competitors. The network will continue to guarantee in prime time.

But, of course, CNBC is also one of the few networks for which daytime ratings aren’t a particularly accurate measure of relevant reach. Monitors throughout the Goldman Sachs building play the network to their wealthy executives. The network’s show Squawk on the Street broadcasts from inside the New York Stock Exchange. If you work in the financial world—a small world, but one with nearly unlimited spending money—CNBC is ubiquitous in gyms, hotels and elsewhere among areas frequented by bankers and traders.

It’s a risky move. Whatever beef, legitimate or not, the network has with Nielsen’s ability to accurately measure its business day ratings, the optics of withdrawing a guarantee on those numbers is going to make more noise than the negativity of the ratings themselves. FBN will make much hay of this development.

FBN Taps Charles Payne For 6pm Show…

Posted in FBN on May 20, 2014 by icn2

TVNewser’s Merril Knox writes that FBN has given Charles Payne a 6pm show…

Fox 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.

Maria Bartiromo Interview…

Posted in FBN on April 29, 2014 by icn2

MultiChannel News’ Mike Reynolds interviews Maria Bartiromo…

MCN: Is part of the appeal here to help boost Fox Business Network? MB: Fox News Channel is the leading cable network, so I’ve got that support behind me for the Sunday show and that’s phenomenal. Fox Business Network is a little more of a build-out situation and I know that and it’s not going to happen overnight. This team has done a great job in six years. I’m here because I want to help them build this network, because I think people do want an alternative. For Fox Business Network, I feel like I have already had incredible success because I have had guests on the air that have never walked through the building. I mean I am having the highest of the high in corporate America on the show every day. So I think as long as we do a good show, the numbers come later.

Wow…Bartiromo may not realize it but that “I have had guests on the air that have never walked through the building” quote implies that FBN couldn’t compete properly without her. Hey, she’s great and the statement may be true…but it probably would be better to not say it publicly because of the negative connotations such a statement generates…

MCN: What about working with Roger again? MB: One of the reasons I came here frankly was because I did want to reunite with Roger Ailes. I like him a lot. He is very smart, very savvy about branding, about television. And he put me on the air twenty years ago. I mean he saw something in me, he believed in me, and I have always had the highest regard for him. I think another reason was because I’ve seen Bill (Shine) and Michael Clemente and Brian Jones in action. Kevin Magee used to work with me as well at CNBC, and he’s running Fox Business Network. I like him a lot. When I looked at the overall management team, I thought these guys know what they’re doing.

Maria Bartiromo Interview

Posted in CNBC, FBN, FNC on March 28, 2014 by icn2

The AP’s David Bauder interviews Maria Bartiromo…

Bartiromo said she had considered another deal at CNBC when her contract came due but decided to look around, too. She concluded her job at CNBC wouldn’t change much, and she was looking to do some things differently. She was ready for a move.

“They have gotten so chatty, with so much personality, that they left some of the content on the cutting room floor — business information,” she said.

Bartiromo said she believes CNBC’s fast pace is no longer in tune with the times.

“I just felt this pressure to do five-minute interviews and this pressure to have five people on at once and I just got tired of it,” she said. “I felt like I needed something with a little more substance and perspective and felt it was going to be hard to do that where I was because the structure is the structure and the machine keeps on going.”

Uh..yeah…ok…but what’d you expect her to say? “Best job I ever had…made my career. So I jumped ship for a big payout”? Uh…nooooo.

Speaking of “the structure is the structure and the machine keeps on going”…I’ll be watching to see what kind of show we get on Sunday…the “a little more substance and perspective” business show Bartiromo talks about…or…the totally useless from a business standpoint Saturday Business block because it’s filled with the ideological mumbo jumbo which permeates most FNC programming. I’m hopeful for the former but I fear for the latter…

Dierdre Bolton’s FBN Show Gets a Launch Date…

Posted in FBN on March 18, 2014 by icn2

TVNewser’s Merril Knox writes that Dierdre Bolton’s FBN show will launch March 31st…

“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.

Maria Bartiromo Interview…

Posted in FBN on February 24, 2014 by icn2

Variety’s Brian Steinberg interviews FBN’s Maria Bartiromo…

“We are trying to build a business network,” Bartiromo said in an interview, “and so I think in order to have a business network you need to have morning shows.”

Will “Opening Bell” stand apart from its primary TV competitor, CNBC’s “Squawk On The Street”? Bartiromo has ideas. She says she knows business-news aficionados get more of the nitty-gritty of the stock market – earnings reports, analyst ratings changes and stock movements – from any number of web sites and digital players. And so, she’d like to help viewers gain more perspective and put pieces of news together by working her sources and providing longer, in-depth interviews with important observers and players.

“There was a moment in time when it was really all about the stock market, and I know, because I was there,” she said. ”I think today viewers want something very different.” People with an interest in business “want to know about the latest technology. They want the international story, the emerging markets. They want to know about jobs. They want to know more and expect more and deeper perspective. That really is my opportunity.”

For Fox Business Network, the hire is a big, and likely expensive, maneuver. While the network has notched audience growth over its six years, CNBC retains a sizable lead. Another big name FBN has lured, Lou Dobbs, has maintained his cachet, but has not mustered the viewership numbers he enjoyed at CNN.

Related: The LA Times’ Meg James has FBN President Kevin Magee talking about the Bartiromo hire…

“To create a channel from zero is enormously challenging,” said Kevin Magee, executive vice president of Fox Business Network. “We’ve had to convince people that there was another cable business channel out there.”

Bartiromo should help raise the profile of Fox Business and perhaps prompt loyal CNBC watchers to change the channel.

CNBC has seen its audience decline in recent years. Its daytime audience in 2013 was about 30% lower than 2010 levels, according to Nielsen audience estimates. A CNBC spokesman declined to discuss the network’s ratings.

Bartiromo’s arrival represents “a tipping point for us,” Magee said. “We are already moving the needle, and Maria will help us enormously. She’s got great experience, a terrific Rolodex and perspective. She has seen the ups and downs of the market, and they don’t fluster her.”

FBN Dips a Toe in CNBC’s ‘Business Tape’ Waters…

Posted in CNBC, FBN on February 12, 2014 by icn2

TVNewser’s Merril Knox writes about a new taped show being developed for Tracy Byrnes…

Fox 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.

After years of beating up on CNBC for its business tape documentary primetime while noting that it was offering non-documentary programming, FBN appears to be changing direction…albeit very tentatively for now.

Dennis Kneale and Two Others Out at FBN…

Posted in FBN on February 7, 2014 by icn2

TVNewser’s Chris Ariens reports that Dennis Kneale and two longtime FBN staffers are being let go…

“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.”

FBN Dominoes…

Posted in FBN on February 5, 2014 by icn2

TVNewser’s Merril Knox scooped this morning that FBN would be slotting Maria Bartiromo at 9am and then goes on to detail all the other dominoes that will fall as a result of that…

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 Dierdre 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.

As much as I like these moves, I cannot take FBN’s ambitions completely seriously as long as Imus has a presence on the channel blocking 95% of the overseas and early morning market coverage FBN should ideally be doing if it really wants to take down CNBC.

Deirdre Bolton to FBN?

Posted in Bloomberg, FBN on February 1, 2014 by icn2

Business Insider’s Julia La Roche writes that Bloomberg’s Deirdre Bolton is headed to FBN…(via J$)

Today was Bloomberg TV anchor Deirdre Bolton’s last day at Bloomberg, Business Insider has learned.

She’s headed to Fox Business Network, according a source who will remain anonymous.

Stuart Varney Re-Signs With FBN…

Posted in FBN on January 21, 2014 by icn2

TVNewser’s Merrill Knox writes that FBN and Stuart Varney have agreed to a new deal…

Fox Business Network has re-signed Stuart Varney to a multi-year deal as the host of “Varney & Co.”

“Stuart’s astute business sense and respect within the financial community make him a premier anchor and an essential part of our team. We look forward to his continued success with FOX Business,” Fox News CEO Roger Ailes said in a statement.

Spin Control…

Posted in CNBC, FBN on December 16, 2013 by icn2

Someone leaked early CNBC 2013 year ratings to Street Insider and they aren’t good…

The early results are in and despite being a huge year for gains in the stock market, ratings for CNBC will likely hit 20-year lows in 2013.

Early data from Nielsen Media Research showed that in the key 25-54 advertising demo for total day ratings, CNBC only averaged 39,000 viewers. This is the lowest since 1993. It is not just the key demo that is lagging, though. For total viewers, CNBC had only 129,000 viewers in P2+ for total day ratings. This is the lowest since 1994.

Discontent in The Ranks?

Posted in FBN on December 4, 2013 by icn2

Capital New York’s Alex Weprin writes about the cable business news landscape and where it’s going. But I’m most interested in this part…

Then there will be the existing internal culture Ailes will have to dismantle and rebuild. While Imus, Dobbs and Varney are secure, sources tell Capital other FBN anchors, like Liz Claman and Melissa Francis, are angry about Bartiromo’s arrival, lest they get pushed to less prime periods, or off the anchor desk altogether.

It’s a dog eat dog world out there.

Surveying the Business News Channel Ratings Landscape…

Posted in Bloomberg, CNBC, FBN on December 3, 2013 by icn2

The Wall Street Journal’s Keach Hagey and William Launder take a look at how the business channels have been faring lately…

The U.S. stock market is soaring, but ratings have sunk for the TV networks dedicated to covering it.

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, according to Nielsen Holdings. Since 2008, average total daytime viewership has fallen more than 50%—to 169,000 from 348,000 —at CNBC, which commands three-quarters of the audience among business-news networks, according to Nielsen.

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, according to people familiar with the matter. Nielsen doesn’t release Bloomberg TV’s ratings.

Kennedy To Get FBN Show…

Posted in FBN on December 3, 2013 by icn2

TVNewser’s Jordan Chariton writes about former MTV host Kennedy getting a M-W and Fr show on FBN…

Lisa Kennedy Montgomery will debut as host of the new Fox Business Network primetime show “The Independents” at 9pmET on Monday, December 9.

The show will air Monday through Wednesday and Friday at 9pmET, with “Stossel” remaining on Thursday at 9pmET. Expect a roundtable discussion about protecting economic and civil liberties hosted by the libertarian-leaning Montgomery and co-hosts Matt Welch of Reason magazine and America’s Future Foundation’s Kmele Foster.

FBN Picks Off Maria Bartiromo…

Posted in CNBC, FBN on November 18, 2013 by icn2

In stunning news, FBN has stolen Maria Bartiromo from CNBC. Huge, huge pickup for FBN…huge, huge PR hit for CNBC which now will surely be gazed upon as a complacent shop that can’t hold on to its star talent like it used to.

If you read Ze’ev Chafets’ Roger Ailes biography, as I did, you too would know that FBN was poised to expand big time. They already snapped up space in the old Charles Schwab offices in the News Corp. building. Chafets’ book also relayed that Ailes had essentially gotten the go ahead to spend more money on the network. Grabbing Bartiromo is money well spent.

Mark Hoffman’s position as President of CNBC is now officially on an egg timer, albeit one that has an unknown duration. CNBC Primetime is a wasteland but that didn’t matter as long as the network held on to its crown jewels. Well he just lost one. Bartiromo may not be the last. For a network president Hoffman has kept an incredibly low profile…well out of the media writers’ gaze. That will now change whether CNBC likes it or not.

Muzzled?

Posted in Bloomberg, CNBC, FBN on November 7, 2013 by icn2

@Twitter closes below its hyped session high after FoxBiz calls it out 4 turning tail. PR flack @jimplosser had our producer ‘removed’

FBN’s Liz Claman on Twitter today…

A small kerfuffle erupted today in the wake of the Twitter IPO. Dealbreaker’s Bess Levin has more

Back in September, Fox Business asked a Twitter spokesperson if anyone at the company could “chat about IPO rumors.” The response was simply: “…”, which Team FBN took to as a confirmation that plans for an IPO were imminent. It’s unclear exactly what transpired behind the scenes between the business network and social media platform after that, but based on a the six and a half minutes of airtime FBN correspondent Charlie Gasparino and anchor Liz Claman just spent referring to Twitter CEO Dick Costolo as a “nasty,” “slimy,” “scheming nerd,” it seems fair to say their interactions were less than cordial! The clip really has to be seen to be believed but it includes:

* Gasparino: “Companies like Twitter are not altruistic, they’re not charities. They’re nasty, conniving, skeevy individuals who run these companies and they want to lure in as much dumb money as possible.”

* Gasparino: “Dan Costolo.” Claman: “Dick.” Gasparino: “George, I couldn’t care what the hell his name is.” Claman: “Yeah! ‘Cause he’s not talking to Fox Business, ’cause he’s scared!”

* Gasparino: “This guy is a nasty, skeeving, scheming nerd from Silicon Valley. He is! That’s my opinion!”

* Claman: “Somebody over there is hashtag-spineless. Hashtag, maybe it’s their PR department?” Gasparino: “Don’t blame the dumb flacks, you blame the skeevy, nerdy guy that runs the company.”

* Gasparino: “It’s a big circle something between Wall Street and Silicon Valley.”

* Claman: “Fox Business and Twitter came into existence around the same time– 2007– and we were the first business network to profile them and they repay us by refusing to talk to us because Charlie and our company have been very honest about them.”

* Claman: “Twitter is not profitable years after its launch, Fox Business is– are they, hashtag-jealous?”

* Gasparino: “They’re run by these Silicon Valley nerds…doofuses…”

* Gasparino: “Is [Costolo] Italian?” Claman: “Can you believe that?” Gasparino: “That guy is not a paesan, I can tell you that much.”

* Gasparino: “I want to see a picture of Dick Costolo, can we show a picture of him?” [Someone in control room flashes a picture of DC on the screen] Gasparino: “This guy looks like the guy you beat the hell out of…I’m not advocating violence, I’m just saying he looks like—”

CNBC got Costolo this morning. Did CNBC exert pressure on Twitter to not interview with FBN? It wouldn’t be the first time something like that has happened.

There is no way to tell for sure (though appearances are pretty damning). What we do know is that Bloomberg didn’t have any trouble grabbing Costollo for an interview as soon as he was off CNBC’s set.

Does CNBC consider Bloomberg not as big a threat as FBN? Who knows…

A Win Is A Win…But…

Posted in CNBC, FBN on October 13, 2013 by icn2

ValueWalk gets some not normally available numbers for FBN and CNBC from last Wednesday for a time span where FBN beat CNBC in the demo…

Fox Business Network had better ratings than CNBC among the advertising demo of people aged 25–54 for every hour between 2pm and 6pm on Wednesday October 9, according to Nielsen Media Research. Lou Dobbs also bested his rival, CNBC host Larry Kudlow, in both total viewers and the advertising demo. This news is another blow against the network, which just had its worst quarter in twenty years.

Ok, yes…this was obviously an FBN leak and I normally take a dim view of selective ratings leaks that lack context. ValueWalk attempts to add context…

CNBC, the channel that calls itself “First in Business Worldwide,” now looks like it’s second behind FBN in the afternoon, and will need to do something drastic if it is going to recover its dwindling audience.

Uhhh…not exactly…

For one thing, this is one four hour period for one day of one week. That doesn’t make it a trend…it makes it an outlier. Furthermore, there’s no context here as to why FBN beat out CNBC during this timespan. Did CNBC crater or did FBN surge? Or both? See the problem? Without being able to answer those questions we can’t possibly answer the question posed by ValueWalk’s statement, to wit: is CNBC going to fall behind FBN? Note that I used the word “is” and not “has” because we can already answer that question if I used “has” and the answer would be no.

But that doesn’t mean CNBC has nothing to worry about because it does. For whatever the reason the network did fall behind FBN during those four business day hours. From CNBC’s point of view, that’s a problem.

With FBN’s documented long term expansion plans…namely FBN’s purchase of the Schwab office space in the News Corp. building as documented in Zev Chaffets’ Roger Ailes biography, which my sources say is still just empty office space as of a couple months ago, FBN is looking to mount an even bigger assault on CNBC at some point. CNBC can’t be complacent…and yet it seems like it still is complacent.

Imus vs. FBN Again?

Posted in FBN on October 2, 2013 by icn2

It’s always hard to tell just how much of Imus’ grousing about his bosses signals real trouble and how much of it is because he’s just a cranky old fossil…

FBN Fires Tobin Smith

Posted in FBN, FNC on June 18, 2013 by icn2

Business Insider’s Brett Logiurato writes that FBN has fired Tobin Smith…(via J$)

Fox Business Network has terminated the contract of contributor Tobin Smith, who was paid $50,000 to tout the stock of Petrosonic Energy, a network spokesperson told Business Insider.

Smith’s contract was terminated under the network’s contributor policy, which states that “no contributor to FBN, nor his/her firm, and/or family members are allowed to accept financial consideration of any kind whatsoever to issue research, advertisements, or to otherwise promote individual stocks or securities.”

Reviewing Ze’ev Chafets’ “Roger Ailes Off Camera”

Posted in FBN, FNC on June 1, 2013 by icn2

This seems to be the year of the FNC/Roger Ailes book. The ones that are generating the most buzz are Gabriel Sherman’s and Joe Muto’s but there is a third book…the official book if you will; Ze’ev Chafets Roger Ailes biography (though Chafets himself characterizes the book as “not a formal biography” in the prologue). I definitely plan on reading Sherman’s. I’m less certain on Muto’s because there is the axe grind factor that could be in play. But to be “fair and balanced” I felt I should read Chafets’ book first.

I really wasn’t interested in doing so. Conventional wisdom was this would be a whitewash book meant to undercut Sherman’s. Some of the reviews were not exactly kind. However, the book much like the book’s subject is far more complex than the broad brushes have painted.

From the book’s tone it’s clear that the author thinks highly of Ailes. But Chafets plays most of the book straight. It’s an open question whether Chafets got the full picture of Ailes or FNC’s operation; the section on the Judith Regan lawsuit comes to mind. But the picture Chafets does get he plays more or less straight. Anyone who labels this book as a whitewash or fawning would be mostly in error.

There is no way you can call the book a whitewash with passages like this…
Continue reading

Eric Bolling talks Pope Francis I

Posted in FBN, FNC on March 25, 2013 by icn2

Zap2It’s. Kate O’Hare profiles Eric Bolling…(via J$)

“I drive into the city,” he tells Zap2it, “park my car, come up to my office, turn on the computer, make sure there’s no fires that need to be put out. Then I put my jacket back on and literally walk over to St. Patrick’s Cathedral, light the candles, come back. I don’t do it because I’m supposed to do it; I do it because I like it. It makes me feel good, knowing that I’ve done that.

“I light five candles. One, two, three, four, five — get it?”

He’s noticed a little change in the crowds at the Roman Catholic cathedral since the election of Pope Francis — formerly Argentinian Cardinal Jose Mario Bergoglio — at the Vatican in Rome on March 13, 2013.

“I’ve got to tell you,” he says, “there are a lot more people there every day. Maybe it’s the TV coverage, maybe it’s the new pope, but Catholics are certainly more aware. Maybe it’s going to bring Catholics back to the Church, which would be a good thing.”

Zev Chafets’ Roger Ailes’ Book Excerpted…

Posted in FBN, FNC on March 6, 2013 by icn2

Vanity Fair has exerpts from Zev Chafets’ upcoming book on Roger Ailes…

For months, Roger Ailes and I had been meeting regularly at Fox News headquarters in Midtown Manhattan, at his home in Putnam County, and at public and private gatherings. In that time I got a closer look at Roger Ailes than any journalist who doesn’t work for him ever has. He is plainspoken, wryly profane, caustic, and above all competitive, whether he is relating how he told NBC not to name its cable channel MSNBC (“M.S. is a damn disease”) or, in an appearance before a student audience, trying to recall the name of a CNN anchor “named after a prison.” (Soledad O’Brien.) Ailes, in his years as a political consultant, created images for a living, and his own narrative is constructed from the sturdy materials of American mythology. In our first meeting, he said he had dug ditches as a kid and would be happy to go back to it if the whole media-empire thing ever fell apart. Ailes is no more likely than I am to dig ditches (and a lot less likely to need to), but I got his point. He is a blue-collar guy from a factory town in Ohio who has stayed close to his roots. After I had known him for a while I asked what he would do if he were president of the United States. He said that he would sign no legislation, create no new regulations, and allow the country to return to its natural, best self, which he locates, with modest social amendments, somewhere in midwestern America circa 1955.

Ailes and Rupert Murdoch are very respectful of each other. Ailes credits Murdoch with realizing that there was a niche audience (“half the country,” as Charles Krauthammer, a Fox contributor, drily put it) for a cable news network with a conservative perspective. Murdoch, for his part, assured me that he doesn’t dictate editorial decisions. “I defer to Roger,” he said. “I have ideas that Roger can accept or not. As long as things are going well … ”

One moment of tension occurred in 2010, when Matthew Freud, the husband of Murdoch’s daughter Elisabeth and a powerful British public-relations executive, told The New York Times that “I am by no means alone within the family or the company in being ashamed and sickened by Roger Ailes’s horrendous and sustained disregard of the journalistic standards that News Corporation, its founder, and every other global media business aspires to.” A spokesman for Murdoch replied that his son-in-law had been speaking for himself, and that Murdoch was “proud of Roger Ailes and Fox News.” Ailes mocked Freud in an interview in the Los Angeles Times, saying he couldn’t pick the British flack out of a lineup and suggesting that he (a descendant of Sigmund Freud’s) “needed to see a psychiatrist.”

Murdoch often drops by Ailes’s office to joke and gossip about politics. “Roger and I have a close personal friendship,” he told me. Ailes agrees—up to a point.

“Does Rupert like me? I think so, but it doesn’t matter. When I go up to the magic room in the sky every three months, if my numbers are right, I get to live. If not, I’m killed. Our relationship isn’t about love—it’s about arithmetic. Survival means hitting your numbers. I’ve met or exceeded mine in 56 straight quarters. The reason is: I treat Rupert’s money like it is mine.”

Ugh…How Many Times Do I Have to Explain This?

Posted in CNBC, FBN on March 5, 2013 by icn2

ValueWalk’s Paul Shea makes an all to common mistake

CNBC viewers may have been confused yesterday as they tuned into the network only to see an ad poking fun at its programming. The ad, taken out by CNBC’s major competitor, Fox Business Network, highlighted a CNBC policy that barred contributors from appearing on CNBC and one of its competitors on the same day.

Sigh…

Ok, one more time…

When someone sees an ad for one network appear on a different network which is a competitor it means it was a local ad placement aired by the operator, not the network. It looks like the network is allowing it on its air but the truth is the network isn’t the one airing the ad.

FBN vs. CNBC: Round Two…

Posted in CNBC, FBN on March 5, 2013 by icn2

Another day, another FBN ad tweaking its Comcast rival…

Business Booking Wars: FBN flights back…

Posted in Bloomberg, CNBC, FBN on February 26, 2013 by icn2

FBN started airing a new ad calling CNBC out for its booking practices. This story may have stronger legs than I originally surmised.

Update: According to Johnny Dollar this ad has been airing on FNC too..

Booking Wars: Round Two…

Posted in Bloomberg, CNBC, FBN on February 24, 2013 by icn2

The Slant’s Jeff Reeves writes about CNBC’s booking practices. Reeeves gets FBN’s Kevin Magee to comment on the matter…

If I were in the booking department of CNBC, I would think twice about some of this lest big-time CEOs and hedge fund managers tire of the whole affair.

Or as Kevin Magee, the executive vice president of Fox Business Network, said to me more bluntly, “Business leaders are not going to be blackmailed, much less be dictated to by some booker in Englewood Cliffs.”

Magee uses the right word there with “dictated.” The problem is that CNBC thinks it has a captive audience and captive contributors, and thus can tell all parties whatever it feels like.

Ah…but it can. Until someone big enough runs the blockade…someone CNBC can’t afford to blacklist. Someone like Warren Buffett for example. If CNBC dared try that on Buffett, Buffett would laugh in their face and there’s not a damn thing CNBC would do about it.

But for smaller fry “gets”…yes…it’s a real problem for FBN and Bloomberg. I think we may have witnessed just such an incident a while back when Simpson and Bowles bailed out on FBN to be exclusive for Maria Bartiromo. All FBN could do is take the the air and whine about it.

Eric Bolling Named New Cashin’ In Host…

Posted in FBN on January 24, 2013 by icn2

The Orlando Sentinel’s Hal Boedeker writes that Eric Bolling will be the new host of Cashin’ In on FNC…

Rollins College grad Eric Bolling is taking on new duties at Fox News Channel, the TV Guy has learned exclusively.

Fox News confirmed that Bolling, one of the co-hosts of “The Five,” will bring his business expertise to hosting “Cashin’ In” starting this weekend.

David Asman Profile

Posted in FBN on January 8, 2013 by icn2

Cigar & Spirits Magazine’s Jon Shakill profiles David Asman…(via TVNewser)

Jon Shakill: A Senator offered you a job, but you decided to stick with journalism?

David Asman: That’s correct. It was an interesting offer, but I wasn’t crazy about the idea of leaving journalism, so I decided to call a friend over at the Wall Street Journal named George Malone. I asked him if he thought that taking the press aide job would interfere with my journalistic career. He said “well no, but to tell you the truth, we have something opening up here. We hadn’t thought about you but you may want to apply.” It turns out it was for a new column just starting up on Latin America— this was in 1983. That’s when I flew up to New York and ended up getting that job, so it all worked out great. I had no background on Latin America, but the Journal wanted somebody who was a good writer and editor, who could approach the job with a clean slate, and that turned out to be me. It really turned into two jobs, one was editing the Americas column, and the other was editing the Manger’s Journal which was a pure business column written by managers, for managers. Eventually I ended up editing together all of the articles in the Manager’s Journal into two books called the Wall Street Journal on Management. That actually helped me pay for a little apartment in New York which I still have today.

Jon Shakill: How long were you the Latin America Editor for the Wall Street Journal?

David Asman: I did that for 12 years, and then was asked to be the Op-Ed Editor of the Wall Street Journal, which I did for another 2 years. It was at that time that I was approached by Roger Ailes [President of FOX News]. It was funny, the first time I met Roger was at a luncheon for Fidel Castro at the residence of Mort Zuckerman. I was seated between Roger, and the late Bill Safire who was a columnist for the New York Times. That was when Roger offered me a job, which I wasn’t that interested in at the time because of my antipathy towards television news, but he convinced me he was going to do something totally different. He also sweetened the deal significantly enough so that a year later I ended up accepting his offer to work on FOX Business Network, and I’ve been here ever since.

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