Fox Business News to launch in October

FOX Business Network (FBN) will launch Oct. 15, 2007, said Neil Cavuto, FOX News senior VP and managing editor of Business News.

FBN currently has 30 million subscribers under contract after securing distribution agreements with major cable operators in top markets around the country, including the New York City area, where it will be seen on expanded basic cable.

Headquartered in News Corp.’s street level studios in midtown Manhattan, FBN has also established bureaus in Chicago, Los Angeles, San Francisco (Silicon Valley), Washington, D.C., and London.

FOX News executive VP Kevin Magee will be responsible for the channel’s day-to-day operations, while Cavuto will direct content and business news coverage and serve in an on-air capacity.