Fox television stations, now with added business!

Not content with merely acquiring the businessperson's bible, Rupert Murdoch has been reaching business folks through the cable lines as well. The newly-launched Fox Business Network is positioned to compete with the previously (almost) unrivaled CNBC.

Certainly, Fox Biz Network must be hoping to snipe a few CNBC viewers. But at least based on the first week, it's not wholly clear that they'll attract the same people. CNBC is known for its sometimes, well, overly passionate commentary about the stock market. Fox Biz seems like it's going beyond the minutiae of the market to target a broader audience.

Television news, of course, has a sordid history, to which Mr. Murdoch has contributed his own fair share. The question on people's minds now is whether Fox Biz will do to CNBC what Fox News did to CNN, especially with the power of the Wall Street Journal behind it. Perhaps Murdoch is writing the next chapter in that sordid history.