Tuesday, February 07, 2006
Competition for CNBC on the Horizon from News Corp.
NewsWeek – Feb 6, 2006 - NEWS CORP. plans to launch a business news cable TV channel that would compete with CNBC, Chairman-CEO Rupert Murdoch tells the Feb. 13 edition of Newsweek magazine. In the interview, Murdoch also said he's not so keen to do a Apple iTunes download deal the way ABC and NBC have, and that he plans to offer broadband services via DirecTV. Murdoch also said he would likely make additional Internet acquisitions in the coming year.