Business Wars Fox News vs CNN | Cable Clash | 2
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Aug 21, 2024 In 1996, the launch of Fox News stirred a fierce battle with CNN, marked by power struggles and strategic alliances. Rupert Murdoch and Roger Ailes sought to redefine news while facing challenges from Time Warner. Both networks capitalized on a scandal, which became a ratings bonanza. CNN grappled with credibility issues following controversial reporting, while Fox faced declining ratings as public interest shifted. Strategies during critical events, like the 2000 election and the September 11 attacks, highlighted their contrasting approaches to journalism.
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Fox News Launch and Time Warner's Blockade
- Rupert Murdoch and Roger Ailes announced the creation of Fox News with a modest budget.
- Time Warner, owner of CNN, attempted to block Fox News' distribution, prompting Murdoch to seek political support.
Murdoch and Malone's Deal
- Murdoch negotiated with John Malone of TCI to secure distribution for Fox News.
- Malone agreed in exchange for an option to buy 20% of Fox News, highlighting his strategic business approach.
Time Warner's Internal Debate
- Time Warner executives debated carrying Fox News, citing concerns about programming and potential PR issues.
- Ted Turner strongly opposed carrying Fox News, fearing competition and damage to CNN.
