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Sky News to launch business channel

SKY News said yesterday that it would boost its Australian workforce by up to 30 staff – and open three new studios in Sydney and Melbourne – after formally announcing its move to set up Australia’s first 24-hour business channel from next year.

It is believed the new service, Sky News Business Channel — foreshadowed in The Australian yesterday — will be featured in the entry-level packages of Foxtel and Austar.

Announcement of the new channel follows a prolonged period of negotiation of commercial terms for the deal involving the three parties. The new channel will be produced in a studio at Foxtel’s North Ryde headquarters in Sydney, with additional studios in theSydney CBD and Melbourne.

Source: The Australian.

Updated: Friday 2 November 2007

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The half-hour business programme, which airs Monday to Thursday will come live from 30 St Mary Axe, better known as ‘the Gherkin’. Special programmes like the budget and other business related programmes will also emanate from the new studio.