Here’s how Rupert Murdoch’s Fox Business describes our basic, inalienable rights as Americans in a Web preview of the new TV channel: Money, Success and Happiness. Thomas Jefferson himself could not have been more emphatic.
The site FoxBusiness.com went live today to give a glimpse of its news editors and reporters ahead of the channel’s launch on October 15. They’re promising to cut through the complicated, boring lingo of business news to make you a better investor. Maybe even a really rich one.
We’re still not sure what the Fox Business Network is going to look like, or how it’s going to compare with CNBC, the main financial news site watched by Wall Street. FBN says its focus are the folks that live at the intersection of “Wall Street” and “Main Street,” individual investors and small business owners who want answers to their financial questions and are sick of condescending “ticker talk.”
Keep an eye on:
- Nokia offers $8.1 billion to buy digital map supplier Navteq to gain a stronghold in the navigation industry in one of its biggest acquisitions. (Reuters)
- Pearson partially opens up access to the Financial Times online for free. (Reuters)
- Major U.S. newspapers sell about 10 percent fewer copies than they did in 2000 and much of that decline has been intentional, with many papers deciding certain readers are not worth the expense to serve. (NYT)
- The bad blood between Viacom chief Sumner Redstone and his daughter Shari over corporate governance and succession issues is far from subsiding. (LA Times)
- Rock band Radiohead will allow fans to say how much they will pay for downloads from its new album. (WSJ)
- Satellite radio listening is growing at what looks to be a steady pace, though its listenership pales in comparison to terrestrial radio, Arbitron says. (Orbitcast)
- BBC Worldwide snaps up travel guide Lonely Planet (Reuters)

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