TV | August 3, 2017 9:17 am

Fox Business Network Wins July, Beating Out CNBC

As the stock market hit new highs in July, CNBC has its worst month in 22 years.

Lou Dobbs of Fox Business Network speaks during the Conservative Political Action Conference at the Gaylord National Resort and Convention Center February 24, 2017 in National Harbor, Maryland. Hosted by the American Conservative Union, CPAC is an annual gathering of right wing politicians, commentators and their supporters. (Alex Wong/Getty Images)

By Matthew Reitman

Lou Dobbs is laughing all the way to bank after last month.

Fox Business Network was the most watched in July, a month that the stock market reach new highs. FBN has grown 17 percent in the last year.

According to The Wrap, the most watched program was Lou Dobbs Tonight, which raked in 310,000 viewers. Varney & Co, another FBN program, was the second most-watched. The two shows have now beat out its timeslot competition, CNBC’s Squawk on the Street and Squawk Alley, for twelve straight months. FBN averaged a viewership of 174,000 during the business day, essentially primetime for business news.

Meanwhile, CNBC has its worst month in 22 years with 145,000 average viewers in July is a 28 percent drop during the same month last year. CNBC did, however, beat FBN in the adults aged 25-54, a key news demographic. The network averaged about 4,000 more viewers than FBN’s 21,000-strong viewership, The Wrap reports.