Fox Business Network

Fox Business Network (FBN) is an American cable and satellite business news television channel that is owned by the Fox Entertainment Group division of 21st Century Fox. The network discusses business and financial news. Day-to-day operations are run by Kevin Magee, executive vice president of Fox News; Neil Cavuto manages content and business news coverage. As of February 2015, Fox Business Network is available to approximately 74,224,000 pay television households (63.8% of households with television) in the United States.

History

News Corporation chairman Rupert Murdoch confirmed the launch at his keynote address at the 2007 McGraw-Hill Media Summit on February 8, 2007. Murdoch had publicly stated that if News Corporation's purchase of The Wall Street Journal went through and if it were legally possible, he would have rechristened the channel with a name that has "Journal" in it. However, on July 11, 2007, News Corporation announced that the new channel would be called Fox Business Network (FBN). This name Fox Business Network was chosen over Fox Business Channel due to the pre-existing (though seldom used) legal abbreviation of "FBC" for the then-News Corporation-owned broadcast network Fox Broadcasting Company.

Lou Dobbs

Louis Carl "Lou" Dobbs (born September 24, 1945) is an American television personality, author, and radio host on the Fox Business Network. He anchored CNN's Lou Dobbs Tonight until November 2009, when he announced on the air that he would leave the network.

Dobbs was born in Texas and lived there and in Idaho during his childhood. After graduating from Harvard University, he worked in government and banking before becoming a news reporter for several local media outlets. He had worked with CNN since its founding in 1980, serving as a reporter and vice president. He was the host and managing editor for CNN's Moneyline, which premiered in 1980 and was renamed Lou Dobbs Tonight in 2003. Dobbs resigned from CNN in 1999, rejoined in 2000, and resigned again in November 2009, when he joined Fox News. He also hosts a syndicated radio show, Lou Dobbs Radio and has written several books since 2001.

Dobbs describes himself as an "independent populist" and is known for his opposition to NAFTA and support for immigration enforcement. For his reporting, he has won Emmy, Peabody, and Cable ACE awards.

Business

A business, also known as an enterprise, agency or a firm, is an entity involved in the provision of goods and/or services to consumers. Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be social not-for-profit enterprises or state-owned public enterprises targeted for specific social and economic objectives. A business owned by multiple individuals may be formed as an incorporated company or jointly organised as a partnership. Countries have different laws that may ascribe different rights to the various business entities.

Business can refer to a particular organization or to an entire market sector, e.g. "the music business". Compound forms such as agribusiness represent subsets of the word's broader meaning, which encompasses all activity by suppliers of goods and services. The goal is for sales to be more than expenditures resulting in a profit.