Today sees the launch of the Fox Business Network, the Rupert Murdoch rival to the cable business news channel CNBC. According to Fox executives, the aim is to demystify Wall Street, helping "ordinary" viewers to understand global business trends.
The other interesting development is the part that will be played in the new channel in future by the Wall Street Journal. But WSJ business reporters cannot appear until 2012 because of a non-compete deal agreed in 1997 between CNBC's owner, General Electric, and WSJ's owner, Dow Jones. (Via Reuters)
