Get ready for tabloid TV of the business news kind. While earlier in the month, Fox News head Roger Ailes said there were no imminent plans to launch Fox Business News Channel, imminent is a relative term, because Ailes now is telling analysts to expect the network's launch in 2007. He's even started talking trash about rival business news channel CNBC. Prior to his recent comments, it has widely been speculated that the Fox Business News Channel will target a different audience than CNBC, which targets the day-traders and market savvy investors. Instead, Fox Business was expected to be more for the masses with news reports about mortgages, identity theft and other every day economic activities. In other words, CNBC is for Wall Street and Fox Business News would be for Main Street. Should the two go head-to-head, its hard to imagine the upstart winning as DealBreaker deftly points to Fox News' current business news segments about how the gay lobby is impacting housing starts as an example of why. —Matthew Wurtzel
See story from Reuters
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