Rupert Murdoch's new Business Channel

News Corp Chairman Rupert Murdoch is planning to create some competition for the business news channel CNBC this year. Murdoch has said that they are in intense discussions and should have a new business channel in operation before the end of the year.
Murdoch also talked about the problems that his recently acquired MySpace.com website has been having with sexual predators trolling it for information.
Murdoch plans challenge to CNBC by year end
In response to reports that sexual predators are trolling on News Corp.'s MySpace.com Web site, Murdoch said, "We're being very proactive. We plan to reach out further to school principals, church groups and community organizations to educate them on the safety measures we've developed. CNN Money
# Business Leaders, Finance News