Rupert Murdoch Is Shocked, Shocked by Scandalmongering

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At the McGraw-Hill Media Summit yesterday, Rupert Murdoch confirmed that his Fox Business Channel will debut in the fall of this year, and he explained how it will differ from its GE-owned competition, CNBC: It will be more restrained and responsible. "They leap on every scandal," he said of CNBC. Murdoch's New York Post, for example, today displayed News Corp.'s vaunted corporate restraint in the face of scandal. "Anna Nicole Mystery: Was It Murder?" asks its front page, soberly. — Lori Fradkin

News Corp. Plans Fox Business Channel This Fall [AP via USAT]