The show features a panel composed of two conservatives and two liberals, moderated by Scott. Similar in premise to CNN's Reliable Sources, the panel on Fox News Watch discusses how the media portrayed certain news stories from the previous week. Panelists also discuss the overall condition of the American news media, such as the newspapers, cable news networks, broadcast networks, and other popular news outlets.
On February 2, 2008, Eric Burns said that Neal Gabler had left the show to work for PBS and that Jim Pinkerton had left the show to work for Mike Huckabee. As of June 2008, Pinkerton had returned to the panel.
Burns' contract was not renewed and expired in Spring 2008. Burns was replaced by Jon Scott.