Peter Lauria at Reuters obtained an October 5 memo from Kevin Magee, executive vice president of FBN, titled "Fox News and Fox Business."
"I've been asked to remind you all again that they are separate channels and the more we make FBN look like FNC the more of a disservice we do to ourselves," Magee said.
"I understand the temptation to imitate our sibling network in hopes of imitating its success, but we cannot," he continued. "If we give the audience a choice between FNC and the almost-FNC, they will choose FNC every time. Earnings, taxes, jobs etc give us PLENTY to chew on."
Magee told Reuters: "There is always going to be overlap between economics and politics, but we need to maintain two separate services."