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How Fox Business is beating CNBC by embracing politics





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Roger Ailes never thought Fox Business Network would work.

When Rupert Murdoch asked the former Fox News CEO to launch the network, Ailes voiced his doubts to the executive chairman of 21st Century Fox, saying, “The world doesn’t need another business network.”

“Rupert Murdoch was smarter than both of us in retrospect,” Neil Cavuto, senior vice president and managing editor of business news, told Business Insider.

“His view — a patient, long-term view — was that the other guys sucked, so that we were going to suck less, and then we were going to do a lot better.”

A decade since the network’s inception, read more >>>

Source:: BusinessInsider.Com

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