Tag Archives: Fox Business Network
A job for outgoing people
by Chris Roush
Rich Edson, Fox Business Network’s Washington correspondent, was interviewed by Leslie Stone of Opportunist magazine about his career.
Here is an excerpt:
Opportunist: When you joined Fox, was it difficult to build your network of sources and leads?
Edson: This is a job for outgoing people. You’ve got to be able to begin conversations and call people and invite them for coffee. You have to meet that first person who can introduce you to the other people and you have to figure out who can help you and who probably can’t or won’t. You are competing with people who have been there for decades, but over the last six years I have done a pretty decent job of branching out. The longer I am here the more I realize D.C. is a pretty small town. People know each other.
Opportunist: Describe your typical day.
Edson: I am one of those people who, the minute the alarm goes off, looks at their Blackberry. [Laughs] I check it to see what kind of stories have happened overnight and which ones we are covering. I read the newspaper before breakfast. Then, I walk to work.
Delivering clarity to viewers
by Chris Roush
Sybil Blau of the Danbury News-Times in Connecticut profiles Fox Business Network anchor Neil Cavuto, who grew up in the area.
Blau writes, “He comes into work, meets with his teams on FNC and FBN and addresses the day’s agenda, discussing with assorted people and teams of people the topics, issues and opinions of the day.
“By airtime, at 4 p.m., he’s on his game and ready to go.
“According to Stuart Varney, host of ‘Varney & Company’ on FBN as well as a business contributor and substitute host on ‘Your World with Neil Cavuto,’ Cavuto’s game is spot on.
“‘Neil delivers clarity,’ Varney said. ‘You know exactly what he’s talking about. That’s what makes him the most successful business anchor in 20 years. And I like him. I’ve never heard a bad word about him.
“‘You find yourself liking him because he has a sense of humor. He smiles. He laughs. He has a gleam in his eye. He’s the kind of guy you’d enjoy having lunch with. Viewers are drawn to him.’”
Gasparino is a Bronx guy at heart
by Chris Roush
Kirsten Sanchez of The Bronx Times profiles Fox Business Network senior reporter Charles Gasparino, who is a Bronix native.
Sanchez writes, “Gasparino returned to New York after graduating with a Master’s degree in journalism and started his career in print journalism as a senior writer at Newsweek magazine where he broke major stories involving Wall Street and corporate America, including developments at the New York Stock Exchange under Richard Grasso and former New York Attorney General Eliot Spitzer’s crackdown on corporate crime.
“Gasparino also served as a writer for The Wall Street Journal, earning him a New York Press Club award for best continuing coverage of the Wall Street research scandal.
“Prior to joining Fox Business Network, he was also an on-air editor for CNBC, responsible for breaking some of the biggest stories during the financial crisis.
“‘I think the most important story of my career was covering the financial crisis,’ he said. ‘I think you could say the reporting I did during that time was the most significant I ever did. It was important it shined a light on some of the crappy practices that Wall Street engages in.’”
Read more here.
CNBC, Fox Business in scoop war
by Chris Roush
Claire Atkinson of The New York Post writes Sunday about how rival business news networks CNBC and Fox Business Network are battling each other to have exclusive interviews with CEOs, particularly at the Consumer Electronics Show.
Atkinson writes, “The war between the two networks continued over Sony CEO Kaz Hirai, who granted Fox Business News journalists an interview despite a CNBC producer and cameraman going crazy trying to lure Hirai to CNBC first.
“That news infuriated CNBCers, who went into ‘hysterics,’ said one witness.
“Our snoops say other top executives were given much the same treatment from CNBC: It’s us first and nobody else second — or else. Dish boss Joe Clayton appeared on Fox Business but got the cold shoulder from CNBC. (Dish and CNBC declined comment.)
“Only AOL boss Tim Armstrong bagged Fox Business in favor of CNBC.
“One senior executive involved in the p.r. wranglings said, ‘This has been going on for a number of months, but it’s gotten to a hysterical level. . . . Everybody has a tough schedule; it really felt like they [CNBC] were coming unhinged.’”
Read more here. The Post and Fox Business are both owned by News Corp.
Fox Business director of business news is let go
by Chris Roush
Ray Hennessey, the director of business news at Fox Business Network, has lost his job, according to a report by Chris Ariens at TVNewser.com.
Ariens writes, “An FBN spokesperson wouldn’t go into detail about the dismissal, only telling us this: ‘Ray Hennessey is no longer with the company.’
“Insiders add that Hennessey, a top executive at FBN, has a reputation for making inappropriate comments. Hennessey joined the network at launch in October 2007 and previously worked at SmartMoney.com and at Dow Jones.”
Read more here.
Hennessey is a former board member of the Society of American Business Editors and Writers.
Barnes of Fox Business covers, and lives, business
by Chris Roush
Thomas Heath of The Washington Post profiles Fox Business Network senior Washington correspondent Peter Barnes, who in addition to covering business has also invested and started businesses.
Heath writes, “Barnes is not just any working journalist. He is a resilient risk-taker, qualities that I envy.
“The entrepreneur has actually put his cash, time and reputation into three start-ups. He has written business plans, raised money, met a payroll, paid taxes, hired and fired and — when it didn’t work — figured out the next thing. He can read a balance sheet and knows that ‘discount rate’ is not the price of something at Wal-Mart.
“‘I really understand how hard it is to be an entrepreneur,’ Barnes said. ‘Every person who is successful and is a gazillionaire, a lot of them have failed.’
“Then he sent me the above quote from Samuel Smiles, which hung on the wall of one of his ventures.
“Barnes, who lives in Alexandria, knows risk: He raised $300,000 — including the proceeds from the sale of a cherished childhood coin collection — to fund his first start-up.”
Read more here.
CNBC falls, Fox Business gains in 2012 ratings
by Chris Roush
Chris Ariens of TVNewser.com writes Wednesday that business news network CNBC saw its ratings fall in 2012, while rival Fox Business Network gained in the ratings.
Arines writes, “The 2012 ratings year ends Dec. 30, but here’s how the networks are stacking up as we go into the holidays.
12/26/11 – 12/17/12:
- CNBC Total Day Average: 171,000 Total Viewers / 51,000 A25-54
- FBN Total Day Average: 63,000 Total Viewers / 14,000 A25-54
“CNBC is down -14% in viewers and down -15% in the demo vs. 2011, while FBN is up +2% and up +17%. CNBC is delivering its lowest rated year since 2005 with some shows down as much as -30% vs. last year. Marquee shows ‘Squawk Box’ and ‘Squawk on the Street’ are at 2006 levels. ‘Closing Bell’ is having its lowest rated year ever. The only program to see growth at CNBC — and only in the demo — is the 10pm hour of documentaries.
“The highlights at Fox include ‘Lou Dobbs Tonight’ which put up its best numbers yet (137,000 total viewers / 38,000 demo) topping CNBC’s ‘The Kudlow Report’ in both the third and fourth quarter in younger viewers. Dobbs joined FBN in early 2011.
“FBN’s ‘Varney & Co.’ is also having its best year ever averaging 99,000 total viewers and 20,000 in the demo.”
Read more here.
Probing questions with pursed lips
by Chris Roush
Helen Mondloch of Northern Virginia Magazine profiles Fox Business Network reporter Peter Barnes, who writes children’s books on the side, in a recent issue.
Mondloch writes, “Around 8:30 a.m. he arrives at the office, where ‘it’s off to the races.’ This morning he is scrambling together some notes for an impromptu interview with Secretary of Agriculture Tom Vilsack, who will shed some light on food prices and a hotly contested farm bill. As the cameras roll, Barnes poses probing questions and listens in his usual manner, lips slightly pursed and eyebrows knit.
“Sometimes he heads over to the White House to cover a press conference or breaking news. At least once a year, he boards a press plane for an international summit meeting—a G-8 or G-20. His most thrilling sojourn took place in the fall of 2010, when he joined an entourage of reporters trailing President Obama’s flights to India and other Asian countries. He still marvels that the ten-day trip took them across the Atlantic, Europe and Asia on route to those exotic destinations, then over the Pacific on the way home — literally a trek around the world.
“While Barnes and his wife have talked about their books on a number of daytime television shows, including the ‘Today Show,’ most people never make the connection between Barnes the worldly newsman and Barnes the weaver of mouse tails, he says. In some 60 million American homes that have access to Fox Business Network, the average viewer apparently has no clue. ‘People are always shocked that it’s the same person,’ he laughs.”
Read more here.
Fox Business wins in ruling forcing Treasury to release AIG info
by Chris Roush
A federal judge ruled the Treasury Department must turn over documents related to the government’s bailout of insurer AIG to Fox Business Network, reports Chris Ariens of TVNewser.com.
Ariens writes, “Fox Business has already gotten access to some documents — largely with redacted information — which led them to report on how Treasury was concerned about the issuance of bonuses for AIG executives. It also disclosed that Treasury officials considered letting AIG file for bankruptcy protection.
“Once FBN gets its hands on the new documents, the network hopes to report an even clearer picture of the communications between Treasury and AIG on issues including compensation, requests from the media, dealings with Congress and investor relations.”
Read more here. Fox Business had originally filed a Freedom of Information Act request for the information in 2008.
Lou Dobbs tops Kudlow for third month in a row
by Chris Roush
Vikas Shukla of ValueWalk.com writes that Fox Business Network‘s “Lou Dobb’s Tonight” continues to post higher viewership numbers than its CNBC competitor, “The Kudlow Report.”
Shukla writes, “According to the latest Nielsen report for the business networks ratings, Dobbs pulled in 45,000 viewers in the demo (age group 25-54) compared to Kudlow’s 40,000 viewers – a 13 percent advantage for FBN in the 7 PM timeslot.
“The 7 Pm show is crucial for television networks because it is the crucial link between the business shows of the day and primetime programs later in the evening. The report proves yet again that the 23-year old CNBC is slowly losing the market share to Fox Business Network, despite being a dominant player in financial media. Another cause of worry for CNBC is that almost all of its shows are down in the demo and in total viewers.
“In an attempt to improve its ratings, CNBC has decided to bring up seven primetime shows, including Franchised, Fake & Forgeries, American Steel, At Your Service, Outstanding, Venture Men, and Flipping Wars: Vegas.”
Read more here.




