Difference Between CNBC and Fox Business (With Table)

Note: To see the current Epic Deals on Amazon, Click Here

Information is the most powerful weapon in today’s business world. Reliable and fast-paced information is of paramount importance for the growth and survival of a business. With the growth of the international business, global news corporations have become the key source for easily accessing business information that is both accurate, and reliable.

CNBC vs FOX Business

The main difference between CNBC and Fox Business is the focus area of both companies. CNBC is an older news corporation than Fox Business. CNBC mainly focuses on Wall Street and covers all the news related to the trading sector. Fox Business on the other hand focuses on the news related to Main Street.

CNBC is one of the most recognizable news corporations in the world. It is owned by American broadcasting company NBC Universal. It is a business news broadcaster and it covers the news stories related to the financial and business sectors. The particular focus area of CNBC is Wall Street.

Fox Business is also a business news corporation. It provides information on business and trading and also covers important events in international business as well. The company is owned by Fox Entertainment. The main area of focus of Fox Business is Main Street, which is the private investment sector of the American stock market.

Comparison Table Between CNBC and Fox Business

Parameters of ComparisonCNBCFox Business
DefinitionIt is one of the biggest and most recognizable news corporations of America, working in the satellite TV, internet TV, and radio modes of entertainmentIt is a relatively newer and smaller news company, primarily working in the satellite TV mode of entertainment
Parent CompanyCNBC is owned by NBC UniversalFox Business is owned by Fox Entertainment
EstablishmentCNBC is older than Fox Business and it was established on 17th April 1989Fox Business is relatively newer and it was established on 15th October 2007
Focus areaCNBC focuses on the Wall Street news and mainly covers the professional investment sectorFox Business focuses on the Main Street news and it covers the private investment sector
Broadcasting and viewershipCNBC is broadcasted globally and most viewership is from the United States and CanadaIn recent years Fox News has garnered good viewership and is highly viewed in countries like  Australia along with the USA 

What is CNBC?

CNBC is an American business news corporation. It is one of the most recognizable news broadcasting companies in the world. It broadcasts financial and business-related news to different countries around the world.

CNBC was established on 17th April 1989. It is one of the most successful news broadcasting companies and has amassed a huge viewership over the years.

It is a part of the NBC Universal group, along with other news corporations such as the CNBC World, MSNBC, NBC, and The Weather Channel.

CNBC mainly focuses on the business stories and events related to Wall Street. Wall Street is the professional investment sector of the American Stock Market. Thus the main point of view of CNBC is the institutional stock trading sector of the stock market.

The demographic of CNBC also majorly consists of professional brokers, managers, bankers, and people largely invested in the share market.

As it is a legacy news corporation, CNBC has a strong position in the American business world and much of the business sector of America depends on CNBC for accurate and quick news delivery.

Along with the United States, CNBC is also very popular in Canada and it is estimated that CNBC receives around 85 million average monthly views.

What is Fox Business?

Fox Business is a business news broadcasting company, which mainly focuses on the financial and business-related news and events in America. It is a part of the Fox Entertainment group.

The corporation was established on 15th October 2007 and is headquartered in New York along with another company of the Fox Entertainment Group, Fox News.

The company is relatively newer as compared to other corporations such as CNBC, NBC, and so on. Yet over the last few years, with the business growth, the company has also enjoyed steady and strong growth.

Because of a strong increase in international trade and global business, news delivery and viewership of Fox Business has also enjoyed a steady increase. Fox Business generated around 164 million views in the first quarter of 2021 alone.

The main focus of Fox Business is on the news and stories related to Main Street. As Main Street is the private investor sector of the American stock market, the news delivered by the company is tailored towards the private investor sector.

Thus Fox Business caters to a specific niche in the American stock market and because of a lack of competition in the niche, the steady incline is natural. 

Main Differences Between CNBC and Fox Business

  1. CNBC is one of the biggest and most recognizable news corporations of America. Fox Business is a relatively newer and smaller news company.
  2. CNBC is owned by NBC Universal. Fox Business is owned by Fox Entertainment group.
  3. CNBC was established on 17th April 1989. Fox Business was established on 15th October 2007.
  4. CNBC focuses on the Wall Street and professional investment sector of the American stock market. Fox Business caters to the Main Street and the private investment sector.
  5. CNBC is broadcasted globally and the maximum viewership is from the United States and Canada. Fox Business is majorly broadcasted in American, along with Australia.

Conclusion

News has always been an important part of the civilized world. From delivering information about the rise and fall of countries to the development of the latest medicine, different news mediums such as television and newspaper have played an important role in keeping people informed about what is happening around the world.

Both CNBC and Fox Business are business news corporations and thus they provide information about the business world.

CNBC is one of the largest news broadcasting companies in the world. It caters to the managerial investment sector of the American stock market. It is also one of the most viewed news channels in the world.

Fox Business on the other hand is a relatively newer news corporation and it mainly focuses on the private investment sector. Although it is a newer company, over the years it has also amassed a huge viewership among the American audience.

References

  1. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=278543
  2. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1745085
  3. https://www.dukascopy.com/video/pdf/2014/08/11/PR.pdf
  4. https://go.gale.com/ps/i.do?id=GALE%7CA177552235&sid=googleScholar&v=2.1&it=r&linkaccess=abs&issn=0010194X&p=AONE&sw=w
x
2D vs 3D