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FOX Business Network Secures Deal With Don Imus to Simulcast Morning Show

 
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    FOX Business Network has signed a multi-year deal with legendary radio personality Don Imus in which his nationally syndicated program Imus in the Morning will be simulcast on the channel, announced Kevin Magee, Executive Vice President. Beginning October 5th, the program will be presented in High Definition [HD] Monday through Friday from 6-9 AM ET on FOX Business and continue to be syndicated on the radio by Citadel Media.

    In making the announcement, Magee said, “We’re excited to welcome a renowned broadcaster like Don Imus to the FOX Business team. His 40 years of on-air experience combined with his superb interviewing skills and capitalist sensibilities will be a great addition to our lineup.”

    The program will incorporate additional business news into its format which now offers a mix of current affairs, politics, entertainment and sports as discussed amongst Imus and his genius cast of characters including: Charles McCord, Bernard McGuirk, Rob Bartlett, Lou Rufino, Tony Powell, Warner Wolf and Julie Kanfer.

    Imus added, “I love FOX. Roger Ailes is the preeminent genius of American Broadcasting. Who wouldn't want to do this?"

    In addition to the Imus team, FBN’s Jenna Lee, Connell McShane and Ashley Webster will continue co-anchoring Fox Business Morning from 5-6AM ET and appear frequently on Imus in the Morning reporting on breaking financial news as well as pre-market action. Lee, McShane and Webster will also co-host a live online news morning program for viewers to get up-to-the-minute stock reports and financial news updates. The program, entitled FOXBusiness.com Live Morning Edition, will be presented Monday-Friday from 6-9AM ET on foxbusiness.com.

    Money for Breakfast, which currently occupies the 7-9AM timeslot, will present its last show on Friday, October 2nd and its current host Alexis Glick will continue anchoring Opening Bell [9-10 AM ET]. Glick also serves as FBN’s Vice President for Business News.

    FOX Business Network is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York—the business capital of the world—FBN launched in October 2007 under the leadership of FOX News Chairman & CEO Roger Ailes and is now available in nearly 50 million homes in major markets across the United States. Owned by News Corp, the network has bureaus in Chicago, Los Angeles, Washington, DC and London. On the web at www.foxbusiness.com

    Don Imus is a 4-time recipient of the Marconi Award from the National Association Of Broadcasters, and a member of the prestigious NAB and Broadcasting and Cable Halls of Fame.

     

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    FOX Business Contact: Caley Cronin/212.301.3972

    Imus Contact: Matthew Hiltzik/212.430.5054 or mhiltzik@hstrategies.com

     

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    SYMBOL

     
    Contango

    No, it's not a dance craze. Contago is a condition of supply and demand, essentially a fancy word to say that prices for items, typically commodities, are cheaper now than they would be at some point down the line.

    Anything that¿s sold in the futures market can be in a case of contango. Futures are exactly that: a contract to buy an item or asset at a price in the future. This is the case with oil, with traders buying and selling contracts to acquire a barrel of oil in months down the line. When a market is in contango, spot prices, or the price of a commodity if you were to buy it right now, are lower than forward prices.

    Why is that important? Well, it usually tells you the supply of a given commodity is plentiful (since, according to Economics 101, a large supply usually leads to cheap prices).

    Incidentally, if you think contango is a mouthful, its opposite condition is known by the equally tongue-tying term backwardation.