Sky Business News was launched in 2008 as a twenty four hour channel devoted to covering business news, both national and global. The coverage is available on three separate channels on Australian television, and Sky Business News has a strategic partnership with FOX Business News, the large conglomerate of American media. Sky Business News pulls one third of their content from FOX’s stories, and in return, FOX broadcasts to the American audience larger stories and breaking news from Sky Business during holiday periods or critical financial periods. This partnership allows for Sky Business to extend its global reach and utilize reliable and critical content from the large conglomerate, FOX News.