CNBC's Cramer Says Wall Street "Very Excited" About FS1 Potential
CNBC's Jim Cramer this morning said Wall Street analysts are "very excited" about the launch of Fox Sports 1 and its potential for the company's stock. Cramer said, "I think ESPN has so much momentum right now this may not be as exciting as people think, but it's incredibly well run. These companies spew a lot of cash. I would never bet against (News Corp. Chair & CEO Rupert) Murdoch." But Cramer said he "believes very strongly this is the one," that FS1 will work and "even though I think ESPN is going to be triumphant, you're going to get a lot of money into this" ("Squawk on the Street," CNBC, 7/1).
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