Tag Archives: Fox Business Network

Biz news that is important to every American


Dave Walker of The New Orleans Times-Picayune interviewed Fox Business Network anchor Lou Dobbs about his work for the network.

Here is an excerpt:

Your first 100 episodes have certainly come at a news-rich time for your topic field.

Whether it’s the national debt ceiling, international trade, the international financial system, whether it’s the market – my gosh – job creation, housing, the list goes on. Every one of those issues is of paramount importance to the quality of life of every single American.

Aside from the reporting you initiate, who seeks your ear?

Like any of us, I have family and friends who are in a variety of walks of life. I’m a small-business owner as well. As a television and radio host, I am in daily contact with working men and women. It gives me, I think, a very good foundation in what is happening. Every day I am exposed to a variety of perspectives beyond just the content of the show itself.

How the biz media cover the Sun Valley media conference


Fox Business Network reporter Dennis Kneale writes Sunday about what it’s like to be a reporter covering the Sun Valley media conference this past week.

Kneale writes, “A platoon of security guards, alternately buff or buoyantly beer-bellied, stood watch to berate us whenever someone got out of line. On Day Two (Thursday), a morbidly obese crewcut yelled at us and threatened expulsion (though the resort is open to the public).  Drunk with power, he did this twice within 30 minutes, setting off a jump-back response from a reporter staying on the grounds. 

“When a scribe for The New York Times buttonholed Warren Buffett, an uninvited sentry stationed himself nearby and monitored every word, braced for intervention.  At one point I asked the guards whether they were packing Tasers.  ‘I just wanna be there to get the shot when Dennis gets arrested,’ one lensman wisecracked.

“As the elites emerge from sessions, most of them grim-faced and avoiding eye contact, reporters and photogs are permitted to stand behind a velvet rope cordoning off a narrow gauntlet on the opposite of the sidewalk. We implore A-listers to stop and chat, though Allen & Co. discourages them from complying.

“‘It’s the most undignified reporting assignment I’ve ever had,’ says one veteran journo, laughing at his lot as we obediently stayed in our place, inside the penalty box.  At one point I snag a kindly lawyer who pleads,  ‘Can we talk later tonight? I’m uncomfortable standing here talking to you.’

“‘Later tonight’ meant after 9 p.m. in the main lodge, where the swells hung out beyond our reach in a dark, blocked-off bar. We media types lingered just outside, longing to snag a few minutes with anyone of note who had to make a trip to the restroom in the lobby.” 

Read more here.

How Gasparino works out to lower stress of being biz reporter


Shivani Vora of The New York Times writes about the workout regime used by Fox Business Network‘s Charles Gasparino to keep his stress level down while working.

Vora writes, “Many New Yorkers run outside or hit the gym, but Mr. Gasparino, a senior correspondent for Fox Business Network, chooses to shape up by using the urban landscape. ‘Exercising outside in the city is interesting, free and effective,’ he said.

“Mr. Gasparino, 48, said his love of outdoor workouts started when he was growing up in the Bronx and his dad, who was in the Marines, encouraged him and his brother to head to the parks to shape up. His program became consistent around 2005, when his career accelerated and he needed relief from his pressure-filled job as a reporter known for working on high-profile stories.

“‘I can get a little heated on air, and my park sessions help me calm down,’ he said.

“Mr. Gasparino has created his own 75-minute workout, which he does in all weather five or six days a week. His gym is the East River Park, spanning from Montgomery Street to East 12th Street. Depending on the day, his regimen includes a two- to four-mile run around the park’s track and back and forth to the park from his apartment in Stuyvesant Town.”

Read more here.

Biz journalists tracking down Murdoch make FT’s front page


News Corp. CEO Rupert Murdoch was in Sun Valley attending the annual media conference when news broke that the company was shutting its News of the World newspaper due to a scandal.

Business journalists leaped into action. The front page of The Financial Times shows CNBC reporter Kayla Tausche and Fox Business reporter Dennis Kneale trying to interview Murdoch.

Here’s a better version of the photo, which is also on the front page of the New York Times website and was taken by Matthew Staver for Bloomberg News:

Fox Business has best month ever


Chris Ariens of TVNewser.com reports that Fox Business Network‘s viewership data for June is the best in the business news channel’s 3 1/2 years.

Ariens writes, “Fox Business Network, which became a publicly rated Nielsen client three months ago today, had its best month ever in June.

  • 6a-6a Mon.-Fri. — Total Viewers / A25-54 (Year-over-year change)

CNBC – 179,000 (-7%) / 51,000 (-12%)
FBN – 65,000 (+51%) / 14,000 (+40%)

  • 9a-4p Mon.-Fri. — Total Viewers / A25-54 (Year-over-year change)

CNBC – 235,000 (-14%) / 43,000 (-28%)
FBN – 77,000 (+97%) / 16,000 (+100%)

“The network, which launched in October 2007, is not beating CNBC in any hour, but does occasionally see a head-to-head win, including Neil Cavuto‘s 6pm show against CNBC’s ‘Mad Money.’ It gets closest at 7pmET, when Lou Dobbs (106K Total Viewers) on FBN is up against Larry Kudlow (142K) on CNBC.

“Network EVP Kevin Magee sent a note to staff today (after the jump) thanking them for the June showing. Magee highlights the 10amET hour where the Stuart Varney-anchored show is up 121% year-over-year. CNBC is down -7% in the hour, but still handly beats FBN (262K v. 104K)”

Read more here.

Black political group demands firing of Fox Business anchor


An African American political organization is demanding that Eric Bolling, the anchor of Fox Business Network‘s “Follow The Money,” be fired for making what they called racist comments about President Obama and saying that he hosts “hoods in the hizzy.”

Greg Braxton of the Los Angeles Times writes, “ColorofChange.org, which bills itself as the nation’s largest African American online political organization, said it has collected 65,000 signatures demanding that Bolling be fired for comments, including one in which he said that Obama was ‘chugging 40s in Ireland’ while tornadoes ravaged Missouri.

“Bolling also said that Obama had a habit of hosting ‘hoods in the hizzy,’ alluding to visits by the president of Gabon and rapper Common, who they said advocated violence against police.

“The host on Monday addressed his earlier remarks, saying ‘we got a little fast and loose with the language and we know it’s being interpeted as being disrespectful. And for that, I’m sorry. We did go a bit too far.’”

Read more here.

CNBC, Fox Business give more time to EPA’s critics than advocates


Television reporting of the Environmental Protection Agency’s climate program gives more attention to its critics than its advocates, according to a study released Tuesday by the liberal watchdog group Media Matters.

Gabriel Nelson of Greenwire writes, “Of the nine leading television news stations, critics of the Obama administration’s plan to curb greenhouse gas emissions outnumbered supporters of the rules by a 4-to-1 margin.

“Leading the way were the three stations owned by Rupert Murdoch’s News Corp. — Fox, Fox News and Fox Business — which featured 129 critics and 19 supporters over the past 18 months. Also leaning in that direction was the business channel CNBC, which hosted four times as many opponents of the rules as it did backers.

“The only stations with more supporters than critics were MSNBC and NBC, which had a combined nine guests supporting EPA and two critics.

“Across all nine networks, there were 152 guests who opposed the EPA rules, 35 who supported them and 12 who took a neutral position. The analysis covered the time period from December 2009, when EPA issued a finding that carbon dioxide and other greenhouse gases are a threat to human health and welfare, through this April.”

Read more here.

Fox Business opens new Chicago bureau overseeing Merc trading floor


Warner Todd Huston of Chicago Now reports that Fox Business Network has opened its new Chicago bureau overlooking the trading floor of the Chicago Mercantile Exchange.

Huston writes, “Interestingly, this marks as the very first time a financial network will have its own, branded booth so close to the floor.

“Thursday afternoon I spoke to Fox Business Network correspondent Jeff Flock about the grand opening of the CME booth and asked him what made the Network make this move. ‘Since both exchanges were consolidated there that makes that floor the center for futures trading in the country and now Fox Business will have a permanent presence where all the traders can see us.’

“‘It took no special influence to get us in there, but we just think its an important market to cover. We just recognized from the start that this is the center for futures trading, maybe in the world when it comes down to derivatives — and derivatives are a huge story because they allow the hedging of risk for the entire market. To have both agricultural as well as financial commodities on the same floor, you almost have to be there.’”

Read more here.

A day in the life of Charles Gasparino of Fox Business


Fox Business Network reporter Charles Gasparino talked with Uri Friedman of The Atlantic about what his normal day is like.

Here is an exerpt:

“When I wake up around 7 or 7:30, I’ll go between NY1 and Imus in the background and start looking at the papers online. The Wall Street Journal, which I subscribe to online, is required reading and I’ve been doing that since college. The New York Post has a really good business section and, because they write concisely, I can get through it fast. Then I read The Times but I don’t read it as closely as I read The Journal. I’m just skimming for stories because I like to know what the competition is doing. And then if I’m covering a story I’ll put the keywords in Google. For example, I broke the story about Nasdaq looking to make a hostile bid for the New York Stock Exchange and I would put in ‘Nasdaq’ and ‘Greifeld,’ Nasdaq’s CEO. Then I’m reading a couple blogs, especially Dealbreaker because it’s funny and it covers the right stories. All day, I’m going between the Journal, the Times, the New York Post, and Dealbreaker and following the stories I’m covering.

“Every morning, I jog to the park and do pull-ups and push-ups and wind sprints. It’s about an hour-and-a-half routine — six sets — and between sets I’m checking my email, making five-minute calls (I save the long interviews for when I get to the office), and looking at stories.  You’d be surprised how much you can get done; by the time the workout’s done I have my day planned. My day on TV starts around 11 and I’m usually on air until about 7. I do ‘hits’ — I’ll come on at least three times a day to do planned stories. If I’m doing a hit on Dobbs at 7:30, say, I’ll have an hour and a half of downtime because the day’s gone — the Wall Street guys hit the bars around 4:30 or 5 — so I’ll usually hit the gym and do a 30-40 minute pure weights workout at Fox. In the gym I have my BlackBerry on constantly.”

Read more here.

Lou Dobbs is used to new networks


Glenn Garvin of the Miami Herald writes about Fox Business Network anchor Lou Dobbs, whose new show debuted March 15.

Garvin writes, “Dobbs is equally surprised that anyone’s surprised he would join Fox Business, which, four years after its launch, remains a bit player in the television news business. The network has signed several marquee business-news names — Stuart Varney, Neil Cavuto, Charlie Gasparino and Dobbs among them — and nearly doubled its cable subscription base to 57.3 million homes. But viewers remain elusive ; depending on the time of the day, rival CNBC’s audience is two to four times that of Fox Business.

“Fox Business executives expect to make major inroads next year when programs using the name and staffers of The Wall Street Journal (which now belongs to Fox Business’ corporate parent News Corp.) switch over to the network from CNBC. At least until then, however, Dobbs is performing for an audience of perhaps 110,000 people. It doesn’t bother him.

“‘This is not new for me,’ Dobbs says. ‘I was on the executive committee at CNN for years. I have significant management experience. I did a number of start-ups, including CNN itself and then CNNfn [a business-news network CNN operated from 1995 to 2004]. I love start-ups. The challenge of being an underdog doesn’t dissuade me. It’s all the more attractive to be a start-up and help build something. Building a business is the most exciting thing you can possibly do, in my opinion.’”

Read more here.