announced it was to launch Australia's first national business channel in 2008, at the onset of the Global Financial Crisis. It was officially launched on January 31, 2008 at the Australian Securities Exchange. Sky News Business would utilise and simulcast content from Fox Business Network in the United States. In turn, Fox Business Network would air coverage from Sky News Business in order to provide Australian financial news coverage to American audiences. The channel would also utilise the resources of the SkyUKBusiness News service in the UK, and Reuters Television. At launch, it was claimed the channel will include 16 hours of locally produced content daily. James Daggar-Nickson is business editor and channel manager of Sky News Business. On 19 January 2016, the channel launched a high definition simulcast feed. In June 2018, it was announced that ANC would enter into a joint venture with the Nine Network to create Your Money, a business news channel that replaced the Sky News Business Channel on Foxtel channel 601 and also be available free-to-air through Nine on channel 95 and on channel 85 in Darwin and Northern NSW and Gold Coast. Sky News Business 'ceased broadcasting' at 8:30 pm Eastern on 29 September 2018, ahead of its relaunch as Your Money at 6:00 am Eastern on 1 October 2018. Promotional trailers for Your Money were shown on the channel during the long break time.
Programming
Sky News Business Channel consisted of live rolling coverage of and analysis of the ASX and international markets, finance and economic news and personal investment trends throughout the day on weekdays, with replays of analysis or specialty programs after 9:30pm AEST weeknights and all weekend. From 6 July 2015, the channel ran a programming block titled Sky News Money between 6:30pm and 6am weeknights. From 2016, the channel ran another programming block titled Sky News Real Estate on Saturdays, broadcasting rolling coverage of live auctions, property advice and listings for six hours from 8:30am Sydney time. Hosted by Sophie Hull and James Treble, the programming was produced in conjunction with REA Group.
On April 25, 2015 the Sky News Business Channel aired an episode of American series 20/20 in simulcast with U.S. network ABC, featuring an interview with Caitlyn Jenner.
Availability
Reception
Sky News Business Channel was Australia's only business and finance focused news channel. Foreign business news channelsCNBC and Bloomberg Television are also available on the Foxtel platform. Sky News Business reaches close to 268,000 different people on average each week, with 72% of viewers being male, 28% of Sky News Business viewers are people 40-54 and 38% aged 55–69.
Bureaus
At launch, Sky News Business' studio was located within the Sky News centre at Foxtel's headquarters in the Sydney suburb of Macquarie Park. Sky News Business also used the resources of the Sky News network of bureaus and reporters across Australia and New Zealand. At the start of 2018, the channel relocated its studios to the News Corp Australia headquarters. The new studio is subsequently used by the channel's successor, Your Money. It was common for Sky News Business reporters to report from Exchange Square, within the Headquarters of the Australian Securities Exchange for ASX updates, as well as Outside the Reserve Bank of Australia in Martin Place, Sydney when news is expected from the Reserve Bank.
Third party crosses
Sky News Business has live camera links to Australia's major financial institutions. The channel features regular breaking news, commentary and analysis from leading Australian economists, fund managers, brokers and analysts at ANZ, NAB, Westpac and Commonwealth Bank. Sky News Business also had live camera links to Commsec, Macquarie Bank, CMC Markets, Bell Direct, JP Morgan, OzForex, and other financial institutions in which it has commercial arrangements.
