mar 22, 2007 - In February 2007, Murdoch announced at the McGraw-Hill Media Summit that Fox would launch a new business news channel later in the year, which would compete directly against rival network CNBC. Murdoch explained that the channel would be more "business-friendly" than CNBC, because he felt that they "leap on every scandal, or what they think is a scandal."[25] In July 2007, News Corp. reached a deal to acquire Dow Jones & Company, owners of The Wall Street Journal, for $5 billion.
Added to timeline:
Date:
mar 22, 2007
Now
~ 17 years ago
