Monday, October 15, 2007

It's coming...Fox News Business Channel is set to release

Just what we need, another right wing based pseudo news channel. And what appropriate timing they have. As the sub prime market in the U.S continues to tear global markets apart, Roger Ailes and Rupert Murdoch feel the time is appropriate to unleash their new business channel on the world. Worse...they're hiring. Here are a few excerpts from a recent interview between Roger Ailes and B&C's Marisa Guthrie,
The lightning round starts now. Roger Ailes, the proudly capitalistic mastermind behind Fox News Channel and one of television's fiercest warriors, throws the switch Monday on Fox Business Network, his biggest gambit since, well, Fox News Channel.

Last week, Ailes conceded that the new network was not quite ready for primetime. But the FBN chairman professed confidence that viewers would have something to look at on Monday, and much more as the weeks go by.
FBN will launch in a very modest 30 million homes, largely on digital tiers everywhere but New York (where FBN will be on Channel 43, next to Fox News Channel, which moves to Channel 44). Bloomberg TV reaches 43 million U.S. homes.
asked about who their audience is...
We're a little more for people who are doing well who want to do a lot better, and we'll cover the markets and we'll cover the businesses, but we're not necessarily going to be centered in the hedge funds and the multibillion-dollar deals. We think people watch business news to try to improve their lives and we're hoping to be able to do that a little bit.
there’s a certain amount of leverage that comes with News Corp. I don’t want to get more specific than that, but we do deals all of the time. And now that the business channel has become a priority for the company, I’m sure that it will be in every negotiation.
In short...they'll make sure the REAL NEWS of the "sub crime" scandal doesn't see the light of day.

Yeah...the right wing fanatics can now go wild. FNB will definitely follow the model of other Murdoch based right wing 'echo chamber', Hollywood IT girl generating trash machines. Viewers will be "intoxicated" by flashy "patriotic" graphics and short, short, short skirts. Red, white, and blue flashing all over the television screen.

That's Murdoch's model, right? The timing is perfect, though. The markets are crumbling worldwide. U.S. and UK based private equity firms trashed the markets and now the banks are rushing to cover their losses.
Analysts say the big US banks hope their move will deter the current holders of sub-prime mortgage securities from dumping them on the market at knockdown prices. bbc
Similar to the Long Term Capital Management scandal in 1998...the US Treasury is now assisting the 'corrupt' banks with reducing their losses before their investors start rapidly unloading their assets at reduced costs to cover their debts.

Shady Shady! If you're not familiar with the LTCM bailout..check here.

Stop the Insanity! The U.S. does not need another Murdoch based right wing propagandist channel. The subversion continues....

Same Players. Different Scandal.

No comments: