Fox unveils news net

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News Corp. formally announced its 24-hour all news channel, the Fox News Network, naming Roger Ailes as chairman-CEO of the network. Mr. Ailes, most recently president of General Electric's CNBC and America's Talking cable networks, said the network should launch in time to cover this year's presidential election, though no specific date was given.

The network will be based in New York, though Mr. Ailes said it would have a strong presence in Washington as well.

Rupert Murdoch, chairman-CEO of News Corp., said Fox is now spending about $30 million a year on broadcast news, primarily through the Fox owned-and-operated TV stations. He estimates spending an additional $50 million in start-up costs.

Fox News Network will have an online presence as well. Delivery will eventually be via satellite, cable and over-the-air broadcast channels, Mr. Murdoch said, adding that he hopes that Fox Broadcasting affiliated stations would both pay for feeds from the network as well as contribute to it. This contrasts with NBC, which is working out a plan to pay stations to participate in its upcoming all-news channel.

John Malone, president-CEO of Tele-Communications Inc., told Advertising Age in a recent interview that he would like to support Mr. Murdoch's news channel. Both Mr. Malone and Mr. Murdoch have said publicly that they think there's a bias to the left in the news media, and that they would like to see that changed.

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