Market Overview

FOX Business Network Marks Six Consecutive Quarters as the Leader in Business News

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FBN's Business Day Delivered Highest-Rated Quarter in Network
History

FBN Achieves 10th
Consecutive Monthly Win over CNBC in March

FOX Business Network (FBN) ended the first quarter of 2018 as the number
one rated business network on television for the sixth consecutive
quarter, according to Nielsen Media Research. Delivering its highest
rated quarter ever in Business Day viewers, FBN had six of the top seven
business programs on cable. Additionally, the network outpaced rival
CNBC across the all-important Business Day and Market Hours dayparts in
total viewers.

During a quarter featuring historic market sell-offs and major breaking
business news such as a government shutdown and tariff negotiations, FBN
saw its Business Day audience grow 13 percent over last year. Led by
strong performances from anchors Stuart Varney, Neil Cavuto, Trish
Regan, and Liz Claman, FBN's Business Day came out 19 percent ahead of
CNBC's quarterly performance, delivering 239,000 total viewers compared
to CNBC's 201,000.

Stuart Varney's three-hour market-open program Varney & Co (9AM-12PM/ET)
was the highest-rated market program in business television for the
quarter (290,000), dominating CNBC's Squawk on the Street/Squawk Alley
(219,000) in total viewers for the 20th straight month. Countdown
to the Closing Bell with Liz Claman
(3PM/ET) also placed in the top
four programs, delivering 229,000 total viewers for the quarter,
continuing her reign as the highest-rated female business anchor on
television.

FBN's pre and post-market coverage also showed strong growth for the
quarter. Lou Dobbs' eponymous program Lou Dobbs Tonight continues
to be the number one rated news program on business television in both
total viewers (368,000) and the demo (44,000), marking nine consecutive
quarters atop the 7PM/ET timeslot rankings.

Maria Bartiromo's Mornings with Maria (6-9AM/ET) saw viewership
increase 32 percent over last year while Risk & Reward
(5PM/ET) and Making Money with Charles Payne (6PM/ET) also topped
their nightly competition in total viewers. Additionally, Maria
Bartiromo's Wall Street
(Fridays at 8PM/ET), anchored by Bartiromo,
saw a 20 percent increase in viewers over last year.

FBN closed out the month of March with its tenth consecutive monthly win
over CNBC. Averaging 221,000 total Business Day viewers, FBN was 16
percent higher than CNBC during Business Day for March which had 190,000
total viewers. Additionally, FBN grew its audience 9 percent in March,
with all Business Day programs topping CNBC in total viewers during
their timeslots.

1Q'18 Business Day Ratings:
FBN:
239,000 P2+ and 31,000 A25-54
CNBC: 201,000 P2+ and
35,000 A25-54

March 2018 Business Day Ratings:
FBN:
221,000 P2+ and 30,000 A25-54
CNBC: 190,000 P2+ and 31,000 A25-54

1Q'18 Program Ranker for the Top Seven Business
Programs:

Total Viewers: Lou Dobbs Tonight (368,000), Varney & Co
(290,000), Squawk on the Street (230,000), Countdown to
Closing Bell
(229,000), CAVUTO Coast to Coast (219,000), After
the Bell
(208,000), The Intelligence Report with Trish Regan
(203,000)

FOX Business Network (FBN) 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 and is the leading business network
on television, topping CNBC in Business Day viewers for the past six
consecutive quarters. The network is available in more than 80 million
homes in all markets across the United States. Owned by 21st Century
Fox, the network has bureaus in Chicago, Los Angeles, Washington, D.C.
and London. On the web at www.foxbusiness.com

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