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Tag: FOX News Channel

  • Business news anchor Neil Cavuto says goodbye to Fox after 28 years

    Business news anchor Neil Cavuto says goodbye to Fox after 28 years

    MUMBAI: His is a familiar face if you watch Fox business news, in your hotel or when you are traveling overseas visiting relatives or friends or on business. Viewers will no longer get to see Neil Cavuto, one of the better known business news anchors, as well as the sr vice-president & managing editor of business news for both Fox News channel  (FNC) as well as Fox Business News (FBN)

    He also hosts  FNC’s Your World with Neil Cavuto, FNC’s Cavuto  Live and FBN’s Cavuto: Coast to Coast. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and leads special events coverage for FBN.

    Neil, 66,  announced his resignation on air during his afternoon show Your World, saying he was not leaving journalism, he was just leaving Fox.  One of the first anchors to join Fox News when it launched in 1996, he parachuted from CNBC to the Murdoch owned news station.  So he had been there for some 28-odd years.

    The bespectacled anchor used to host some 12 hours of shows every week, according to CNN. He was known to be a Trump critic and he would fact check almost every financial  and economic statement or assumption his administration or his staff would make. He believe his role as a journalist was to sift the wheat from the chaff and bring the truth to his viewers.

    But he lost a lot of his viewers – especially those who favoured the Republicans – because of his Trump trashing, though he also gained some praise from others who liked his penchant for facts.

    Trump celebrated his departure by stating: on his Truth Social platform “GOOD NEWS FOR AMERICA! Neil Cavuto, the Lowest Rated Anchor on Fox, by far, is leaving – Should have happened a long time ago!”

    According to sources, Cavuto was offered a renewal contract with a lower compensation packet, indirectly asking him to leave. Others see in it a way of cost-cutting in a news industry buffeted by lower ad revenues.
    “‘Neil Cavuto’s illustrious career has been a master class in journalism and we’re extremely proud of his 28-year run with Fox News Media,’ the company said in a statement confirming the Cavuto’s departure. ‘His programs have defined business news and set the standard in the entire industry.’”

    Most journalists are awaiting what his next move will be. 

  • 21st Century Fox buys out Sky in USD 14.8-bn deal

    21st Century Fox buys out Sky in USD 14.8-bn deal

    MUMBAI: 21st Century Fox has stated that Sky had agreed to a takeover offer worth USD 14.8 billion as the media tycoon Rupert Murdoch attempts to create a global media giant stretch across the U.K., U.S, and Europe.

    21st Century Fox is one of the world’s largest entertainment companies, with a broad portfolio of broadcast, cable, pay TV, film, and satellite assets across six continents.

    Fox group said in a statement that it had reached an agreement with Sky plc on the terms of a recommended pre-conditional cash offer to buy the rest of the European pay broadcaster, beyond the 39 per cent it already owns. The deal is worth USD 14.8 billion (Rs 1004 billion) in total for the cash purchase, the statement said. The terms of the formal offer, Sky News stated, would mean Fox paying 10.75 pounds per Sky share, for the remainder 61% of Sky.

    The new deal will create an improved balance between affiliate fee, subscription, advertising and content revenues.

    Fox’ cable and broadcasting properties include include STAR India, Fox News Channel, Fox Business Network, FOX, National Geographic Channels, 28 television stations in the U.S and over 300 international channels.

  • 21st Century Fox buys out Sky in USD 14.8-bn deal

    21st Century Fox buys out Sky in USD 14.8-bn deal

    MUMBAI: 21st Century Fox has stated that Sky had agreed to a takeover offer worth USD 14.8 billion as the media tycoon Rupert Murdoch attempts to create a global media giant stretch across the U.K., U.S, and Europe.

    21st Century Fox is one of the world’s largest entertainment companies, with a broad portfolio of broadcast, cable, pay TV, film, and satellite assets across six continents.

    Fox group said in a statement that it had reached an agreement with Sky plc on the terms of a recommended pre-conditional cash offer to buy the rest of the European pay broadcaster, beyond the 39 per cent it already owns. The deal is worth USD 14.8 billion (Rs 1004 billion) in total for the cash purchase, the statement said. The terms of the formal offer, Sky News stated, would mean Fox paying 10.75 pounds per Sky share, for the remainder 61% of Sky.

    The new deal will create an improved balance between affiliate fee, subscription, advertising and content revenues.

    Fox’ cable and broadcasting properties include include STAR India, Fox News Channel, Fox Business Network, FOX, National Geographic Channels, 28 television stations in the U.S and over 300 international channels.

  • CBS News extends David Rhodes’ contract through 2019

    CBS News extends David Rhodes’ contract through 2019

    MUMBAI: CBS has inked a new contract with CBS News president and CEO David Rhodes that extends his employment through February 2019. Rhodes has been president of CBS News since 2011.

     

    CBS president and CEO Leslie Moonves said, “CBS News is experiencing division-wide growth. David’s exceptional news judgment and competitive acumen has had a great impact so far, and we look forward to continued growth on all our news broadcasts as we move forward.”

     

    Rhodes is responsible for CBS News broadcasts and its global newsgathering. His emphasis on hard news and original reporting is evident across all platforms, including television, CBS News Radio and CBSNews.com. He also spearheaded the launch of CBSN, a joint effort between CBS News and CBS Interactive to create the first digital streaming news network.

     

    Rhodes was a catalyst behind the creation and launch of the CBS This Morning program, including the development of a new studio and newsroom at the CBS Broadcast Center in New York. He also helped to expand Face The Nation with Bob Schieffer to a full hour as the broadcast became the #1 Sunday public affairs show.

     

    Before joining CBS News, Rhodes held senior roles at Bloomberg and Fox News. At Bloomberg, he was head of US Television, overseeing all development, editorial, newsgathering, and programming. He also relaunched the financial news service’s flagship cable channel in 2009 and made important changes in the network’s talent and programming.

     

    Rhodes started his career in 1996 as a production assistant at the newly launched Fox News Channel, where he eventually became vice president of News. While there, he managed coverage of the wars in Afghanistan and Iraq, three presidential elections, and natural weather disasters, such as Hurricane Katrina. He also was the assignment manager on the Fox News desk the morning of 11 September, 2001.

     

    Moonves added, “I’m delighted that CBS News will remain under the leadership of one of the most accomplished young executives in the television news industry for many years to come.”

     

  • TV is top source of news in US: Pew

    TV is top source of news in US: Pew

    MUMBAI: Television is the leading source of news in the US. According to the Pew Research Centre’s bi-annual survey on news consumption habits, fewer Americans are reading newspapers.

    As per the survey, younger people tend to get more of their news on the Internet, while older folks use traditional media such as television and newspapers.

    Forty-six per cent of those polled — had a “heavy reliance” on television for their news at all times of the day. This group is the oldest, with a median age of 52, and least affluent, with 43 percent unemployed. They are unlikely to own a computer or go online for news.

    Overall, among those who get some of their news on TV, less watch the 6:30 broadcast network newscasts, and instead opt for cable news sources such as CNN or Fox News Channel. Majority of CNN’s audience consists of Democrats — while 39 percent of Fox News viewers are Republicans, 33 percent Democrats.

    The group that relies most on the Internet for news is the youngest at a median age of 35. It is also the smallest, at 13 percent of those polled. Fewer than half of them watch television news on a regular basis.

    As per the survey, consumers of online news tend to be more educated than those who get their news from traditional sources, with 44 percent of college graduates say that they read news online every day. Just 11 percent of those who topped out with a high school education go online for news.

    The survey was conducted by Princeton Survey Research Associates International. It polled 3,615 adults 18 years or older by telephone between 30 April and 1 June.

  • News Corp takes 5% stake in web video firm Roo

    News Corp takes 5% stake in web video firm Roo

    MUMBAI: News Corp is buying a stake in Australian web video firm Roo. Ruper Murdoch’s media conglomerate is initially taking a five per cent stake, which can go up to 10 per cent if certain predetermined revenue targets are achieved.

    Roo currently manages online global video content distribution and content syndication across many of News Corp’s properties including The Times of London, and The Australian and has content syndication partnerships with FOX News Channel and Sky News.

    “We are excited to be working with News Corporation to further harness the enormous opportunity of online video across its global network of prestigious media brands,” says Roo chairman and CEO Robert Petty.

    The deal with News Corp comes less than a week after Roo, currently valued at $75 million, announced the acquisition of MyVideoDaily, a Web destination and software company.

    The reported $1.35m acquisition provides Roo with a proven search engine marketing strategy that introduces new users to the company’s portals and desktop applications.
     

  • News Corp, Nielsen sign eight-year contract

    News Corp, Nielsen sign eight-year contract

    MUMBAI: Nielsen Media Research and US media conglomerate News Corp have announced an eight-year agreement under which Nielsen will provide audience measurement services for 49 News Corp. television entities.

    The pact consolidates more than 150 individual agreements between the companies. Financial terms were not disclosed.ovie channels.

    News Corp executive VP corporate affairs Gary Ginsberg says, “This agreement, which was more than a year in the making, affords us much greater efficiencies and simplicity in our relationship with Nielsen. We are very pleased to put our differences with Nielsen behind us and to usher in a new era of constructive and even deeper relations between our two companies.
    “Nielsen’s willingness to take concrete and ongoing steps to ensure that its measurement systems accurately count all viewers was critical to achieving this deal.”

    Nielsen Media Research senior VP business strategy Dave Thomas says, “In an era of digital television and multiple delivery platforms, we believe it makes sense for our clients to take an integrated approach for audience measurement.

    “News Corp. has long been a valued Nielsen client and we have worked tirelessly for months to craft a landmark agreement ensuring that Nielsen will continue to provide News Corp. with the highest quality measurement services for their many television platforms.”

    News Corp entities and affiliates covered under the agreement include Fox, Fox News Channel, FX, Speed, National Geographic Channel, Fox Soccer Channel, Fox Sports Net, Fox Sports en Espanol, DirecTV, Twentieth Television and Twentieth Century Fox Film Corporation.

    Nielsen Media Research also will provide News Corp with local television audience estimates for 35 Fox-owned local television stations, including Local People Meter (LPM) service for Fox television stations in markets measured by LPMs.

    As part of the agreement, Nielsen is investing approximately $50 million in programs designed to enhance the response rates of participants in its samples, with special emphasis on younger demographics and communities of color.

    Nielsen adds that it will continue its successful community outreach programs that include a variety of initiatives that promote broader awareness of the company and its role in the television industry.

  • Michael Castro is National Geographic Television VP operations

    Michael Castro is National Geographic Television VP operations

    MUMBAI: National Geographic Television (NGT) US president Michael Rosenfeld has announced that Michael Castro has joined NGT as VP operations.

    Castro is charged with overseeing the production operations and post-production side of NGT, following a major reorganization of the documentary television unit.

    Rosenfeld says, “Michael’s background in broadcast and cable will prove highly beneficial to National Geographic. His extensive experience and expertise in running production, post production and operations at a number of broadcast networks and cable channels will greatly benefit NGT as we continue to ramp up production.”

    Castro joins NGT from his own consulting practice, where projects included relaunching the syndicated tabloid programme A Current Affair for 20th Television, producing the high-definition television news coverage of the Democratic and Republican national conventions in 2004 and, most recently, working with Fox News Channel.