Fox Business Network will add two news shows to its daily programming lineup, including a new financial news show hosted by former Bloomberg TV personality Taylor Riggs.

Beginning January 23, Riggs will host weekday seriesThe Big Money Show alongside Fox Business contributors Brian Brenberg and Jackie DeAngelis, according to network officials. The series will feature breaking financial news and analysis, with the trio tackling the day’s top financial stories from all angles, according to network officials.

Also launching on January 23 is The Bottom Line, a weeknight series hosted by Dagen McDowell and Sean Duffy that looks to follow hotly debated issues in the business and political world, according to FBN.

Also: Five Spot: The Five Spot: Lauren Petterson, President, Fox Business Network

“Fox Business has become the channel America turns to for their business news and we’re excited to debut new programming tailored to key financial issues impacting homes across the county,” said FBN President Lauren Petterson in a statement. “We are also thrilled to welcome Taylor Riggs to the Fox Business family, who, along with Brian, Jackie, Dagen and Sean, will add a new dimension to our formidable programming lineup.”■

Fox Business Network is celebrating its 15th year in the competitive and expanding financial business genre with an eye on offering viewers comprehensive coverage of the financial markets through a variety of news and opinion-themed shows.

Leading the network's charge is veteran Fox News executive Lauren Petterson, who took over as president of Fox Business in 2019. Petterson, who also serves as Fox News Channel's head of talent development, has looked to position Fox Business as a network that appeals to both the financial community as well as individual investors looking for financial guidance though original programming featuring such network personalities as Stuart Varney, Charles Payne and Neil Cavuto. 

The network's "FBN Prime" block of celebrity-driven, primetime original programming seeks to broaden the network's reach by appealing to general audiences with shows from Mike Rowe (How America Works) and Kelsey Grammer (Historical Battles for America: Crucial Conflicts). Fox Business has also teamed with sister digital service Fox Nation to offer such original series as American Dynasty.

Petterson discusses the network's programming strategy as well as the impact of market uncertainty on the financial network business in an interview edited for space and clarity. 

MCN: How would you define Fox Business Network’s brand and programming strategy? 

Lauren Petterson: I think the business consumer has changed so much over the last couple of years. I see these graduates from college now managing their own money and buying their own stock. So it's not just speaking to the institutional investor anymore — which by the way, is certainly important — but it’s talking to the individual investor as well. It's everyone from Wall Street to your street. So when I came over, what I really wanted to do was not talk down to people but to inform, entertain and have a conversation with them. Business news does not have to be boring; let's not use fancy jargon or be condescending and elitist, because money hits everyone. So we still obviously cover the markets, and we have the big names in business news, but we’ve also made a point to focus on the key kitchen table issues. I think that's why we've seen our recent success because we're not doing financial news only, but we’re doing business news.

MCN: How has the network differentiated itself from other business-themed networks in the marketplace? 

LP: Our competition is really speaking to the institutional investor — if you’re not part of a publicly traded company, you don’t get to come on and tell your story. We do those things as well, but covering the markets during the day is a very small piece of the pie. I want to build a bigger pie, so you have to invite more people to have a seat at the table. One way we’ve done that is launch our Town Hall series once a month where we invite a live studio audience to talk with experts in the field. [The experts] are not talking down to them but trying to help them understand some pretty complicated things. Stu Varney in particular does an amazing job of making things digestible in an engaged way that feels personal. That’s one of the ways we differentiate ourselves during the day, and because of it we’ve added so many blue chip advertisers like Vanguard, PNC Bank and Bristol Myers Squibb, just to name a few. 

MCN: What has been the strategy behind the network’s ‘FBN Prime’ block of programming, which features programming from celebrities like Mike Rowe and Kelsey Grammer?

LP: When I came over, we looked at what we should be doing in primetime. We had some opinion shows, which didn’t make a lot of sense because the Fox News Channel owns that space at night. We thought about doing more live business coverage, but that didn’t make much sense either, because the data shows that the business viewer has had their fill and disappears around dinner time. We know our viewers want value, they want to be inspired, they’re very entrepreneurial and believe in the American dream, so what would that look like? We’ve had Mike Rowe on as a guest over the years, and we thought, ‘Who’s better at explaining how America works?’ So we partnered with him on a show that looks at ordinary people doing extraordinary things to keep the lights on and to keep food on the table. With Kelsey, we’re dipping into the history space. History is so tied in with business news and how our viewers feel and think. It is the same with American Built with Stu Varney. The content is brand-safe and has brought in a boatload of new advertisers. 

MCN: Given all of the market uncertainty that the country is facing, how do you see the business news landscape developing through the rest of the year and into 2023?

LP: I think the audience is going to continue to grow. The viewers are for the most part back to work and back to their morning habits, so we’re up [in ratings] about 85% in the mornings over the last nine months. As people have gone back to work they’re craving more information about their money, so we’re watching the linear channel grow. We’re going to keep investing in the linear channel, but we’re certainly looking at other pieces of our business on the streaming and digital side. YouTube has been a great platform for us — our growth there is up almost 200%.

MCN: Do you foresee more competition coming into the marketplace?

LP: Yes I think so, not only from new financial networks but from the major networks as well. I think the other media companies are just discovering that there’s something called inflation that we’ve been talking about for 11 months, so I think you’re going to see more financial coverage. I’m already seeing more business reporters, economic experts and analysts on the networks now. But we own the space in a very unique way, so bring it on. ▪️

Lauren Petterson has been named President of FOX Business Network (FBN), replacing longtime network executive Brian Jones, the network said Thursday.

Petterson, who most recently served as senior vice president of morning programming and talent development for FNC, will oversee operations for the 12-year old Fox Business, as well as continue to oversee talent development at Fox News Channel, according to network officials. Petterson will report to Fox News Media CEO Suzanne Scott.

“Lauren has extraordinary skills in developing programming and working with talent and I am confident she will lead FOX Business to even further success,” Scott said in a statement.

Added Petterson: “I’m thrilled to take on this new, challenging role at a pivotal time in business news and look forward to working with such a dedicated and talented staff both on and off the air.”

Jones, who was named the network’s first ever president in 2017, had helmed the launch team for Fox Business in 2007, and during his tenure oversaw the ratings increases over CNBC during key market hours and early evening timeslots.

“Brian is a talented executive and a distinguished colleague who built Fox Business and accomplished a great deal during his 20 years of combined service at both FBN and FNC,” said Scott. “We wish him continued success as he embarks on his next chapter.”

RELATED: For Brian Jones, It’s All Business Leading a Net On a Roll

Jones added, “I’ve had the pleasure of knowing and working with Lauren for several years. Always a kind, creative and collaborative colleague, I’m sure she will lead the hard working Fox Business team to the next level.”