Fox Business Network is a business news channel owned by Fox News Group through Fox Corporation and is headquartered in New York City, NY. Kevin Magee leads the American Pay Television Business news channel while content and business news coverage is seen by Neil Cavuto. It is available to 74,224,000 households in US as per 2015 estimates.
Rupert Murdoch during McGraw-Hill Media Summit on Feb 8, 2007 talked about the launch of his pipeline project as News Corporation Chairman. He previously had also asserted that if News Corporation could buy The Wall Street Journal, the service would be rebranded keeping “Journal” in it. News Corporation on July 11, 2007 confirmed that the news channel would be branded as Fox Business Network (FBN). The “Channel” was dropped in favor of Network as the pre-existing abbreviation FBC would clash with that of Fox Broadcasting Company’s “FBN.