These media sources are slightly to moderately conservative in bias. They often publish factual information that utilizes loaded words (wording that attempts to influence an audience by using appeal to emotion or stereotypes) to favor conservative causes. These sources are generally trustworthy for information, but may require further investigation. See all Right-Center sources.
- Overall, we rate Fox Business Right-Center Biased based on right-leaning opinions regarding free-market economics as well as some strong right-wing bias through certain TV hosts. We also rate them Mostly Factual, rather than High, due to a few false claims by TV hosts, while the website has not directly failed a fact check.
Factual Reporting: MOSTLY FACTUAL
World Press Freedom Rank: USA 45/180
Launched in 2007, Fox Business is a cable news channel and website that focuses on business and financial news. Day-to-day operations are run by Kevin Magee, executive vice president of Fox News; Neil Cavuto manages content and business news coverage.
The news channel features several shows and hosts that generally report in a balanced neutral tone, however, Lou Dobbs is the exception due to consistently endorsing President Trump and espousing anti-immigrant conspiracy theories.
On 2/5/2021, Fox Business announced they are canceling Lou Dobbs show Fox News cancels ‘Lou Dobbs Tonight,’ is expected to part ways with pro-Trump host.
Funded by / Ownership
Fox Business is owned by the Fox News Media division of Fox Corporation. The Fox Corporation was formed from the 2019 acquisition of 21st Century Fox by The Walt Disney Company. Fox Corp. was spun off from 21st Century Fox and its stock began trading on March 19, 2019. It is owned by the Murdoch family via a family trust with 39% interest; Rupert Murdoch is co-executive chairman, while his son Lachlan Murdoch is chairman and CEO. Revenue is generated through advertising.
Analysis / Bias
In review, the Fox Business website covers business news, financial news, and politics as it relates to economic matters. Headlines and wording range from minimally to moderately loaded such as this: Dow drops 100 points as Trump blows a hole in trade war hopes. Most headlines however are low biased such as this: 25,000 University of California workers to strike Wednesday. This story is appropriately sourced to the LA Times and Mercury News. Further, the website publishes news from wire services such as the Associated Press. They also publish AP Fact Checks, which is a signatory of the International Fact-Checking Network. (IFCN)
Editorially, Fox Business leans right in economic coverage and sometimes reports negatively on liberal policies such as this: The realities of socialist policies. They also frequently report positively on the Trump administration such as this: Pence touts ‘soaring’ Trump economy. In general, the website does not over editorialize and strays from the extremes. TV programming tends to feature hosts that lean slightly right, but again not extreme and mostly covers both sides of issues. The exception is the show, Lou Dobbs Tonight, which features Dobbs serving as a propaganda mouthpiece for the President, similar to Sean Hannity on the Fox News Channel. In fact, Lou Dobbs has proclaimed Donald Trump the “Greatest President Ever.” Stuart Varney also falls along the far end of the right conservative spectrum in his opinions.
A factual search reveals that their television hosts have made some false claims, while the website has not directly failed a fact check.
- “When President Obama was elected, the market crashed … Trump was up 9%, President Obama was down 14.8% and President Bush was down almost 4%. There is an instant reaction on Wall Street.” – Mostly False
- “According to the Tax Foundation, the top 10 percent of earners already pay almost 80 percent of all taxes.” – Mostly False
- President Obama has announced he will force Americans to pay slavery reparations beginning in 2016. – False
Overall, we rate Fox Business Right-Center Biased based on right-leaning opinions regarding free-market economics as well as some strong right-wing bias through certain TV hosts. We also rate them Mostly Factual, rather than High, due to a few false claims by TV hosts, while the website has not directly failed a fact check. (D. Van Zandt 11/11/2019) Updated (2/5/2021)