Murdoch celebrates FBN


NEW YORK -- News Corp. chairman Rupert Murdoch on Wednesday night hailed the Fox Business Network as a channel that will celebrate the success of American business and the triumph of the free market.

Murdoch, speaking at the circa 15 B.C. Egyptian Temple of Dendur at the Metropolitan Museum of Art to celebrate the nine-day-old network, said that American business is held up as the standard for ethics and freedom around the world.

"Not that you'd know that from much of the business coverage," Murdoch said in reference to the rival CNBC that Murdoch is challenging with Fox Business.

He said Fox Business still will cover scandal in the business world, though.

"We'd be just as tough as anyone in protecting investors," Murdoch said. But he added that Fox Business will celebrate free markets and business success.

Murdoch praised the launch of the channel, which was spearheaded by Fox News and Fox Television Stations chief Roger Ailes along with executive vp Kevin Magee, senior vp Brian Jones, host/managing editor Neil Cavuto and vp business news Alexis Glick.

Ailes also praised his team and their hard work in launching the network. Noting the Egyptian temple surroundings at the museum, Ailes said it had been commissioned by the Roman Emperor Augustus, "sort of the Rupert Murdoch of his day."

Those in attendance included Leslie Moonves, Julie Chen, Bob and Harvey Weinstein, Ivanka Trump, Bo Derek and Henry Kravis as well as Fox News and Fox Business personalities.