Left I on the News

News Corp (FOX) is launching a new business channel to compete with CNBC. Why do they think it's needed?

Roger Ailes, chairman and chief executive for Fox News, told the New York Times that he had often seen things on CNBC where they aren't as friendly to corporations and profits as they should be.

And everyone knows that's the purpose of Fox "News" or of any news organization - to be "as friendly to corporations and profits as they should [?] be." Actually, of course, even though it shouldn't be, it is. It's just so rare to have someone come right out and say it.

The funnier quote came from Fox News business anchor Neil Cavuto: "we're going to be a channel for America -- not for old white men with money." I guess Maria Bartiromo can consider herself "dissed" by Cavuto. And I guess the rest of us can look forward to shows on the new Fox Business Channel showing the plight of workers in America - low pay, no benefits, stolen pensions, no job security, dangerous working conditions. Oh wait - that might not be "as friendly to corporations and profits" as it should be. I guess Neil must have that wrong.

By the way, in case it's not self-evident, the "sort of" in the title of this post refers to the fact that, despite Roger Ailes positioning, the idea that his competitor CNBC has even a trace of anti-business attitude is, to put it mildly, preposterous.