New York—The Fox Business Network will be launched on Oct. 15. The channel will be based at the News Corp. studio in New York. Bureaus have been established in major markets including Chicago, Los Angeles, San Francisco and London. According to BtoB
sibling Television Week
, the channel has carriage commitments adding up to 30 million subscribers in top U.S. markets. Kevin Magee, exec VP atFox News, will oversee day-to-day operations. Neil Cavuto, senior VP at Fox News and managing editor of business news, will be in charge of content and serve in an on-air capacity.