FBN scoops market crash
Fox network first to land story
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It was the only one of the three major business news nets to cover Monday's overseas market crash as it happened.
Bloomberg TV went to tape at 11 a.m. and CNBC ran taped programming all day -- decisions made before the day's events unfolded because the U.S. markets are closed on Martin Luther King Day. But because FBN emphasizes live programming so much, it was poised to cover the day's market plunges live.
With fears of a U.S. recession taking a huge toll internationally, the "live from the stock market" hook that has looked silly in the past suddenly had a great deal of immediacy, and having reporters like Ashley Webster report live from London unexpectedly gave the fledgling channel a leg up on the competition.
