CNBC is an American pay television business news channel that is owned by NBCUniversal News Group. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. As of February 2015, CNBC is available to approximately 93,623,000 pay television households in the United States. In 2011, CNBC won the Cablecast of the Year award for its coverage of the global financial crisis.
About CNBC in brief
CNBC is an American pay television business news channel that is owned by NBCUniversal News Group, a division of NBCUniversal. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U. S. and international financial markets. CNBC was originally established on April 17, 1989 as a joint venture between NBC and Cablevision as the Consumer News and Business Channel. In 1991, CNBC acquired its main competitor, the Financial News Network, a move which expanded both its distribution and its workforce. As of February 2015, CNBC is available to approximately 93,623,000 pay television households in the United States. In 2007, CNBC was ranked as the 19th most valuable cable channel in the U.S., worth roughly USD 4 billion. In 1997, CNBC formed a strategic alliance with Dow Jones, including content sharing with The Wall Street Journal and Dow Jones Newswires. CNBC’s international channels were merged into a 50-50 joint venture with their Dow Jones-owned rivals EBN and ABN in 1998, while ratings grew on the new channel until the dot-com bubble burst in 2000. The new millennium brought changes to the network in 2003, moving its world headquarters from 2200 Fletcher Avenue in Fort Lee, to 900 Sylvan Avenue in Englwood Cliff, New. Jersey, which features completely digital video production and studios made by Beeston, Nottinghamshire and FX Group of Ocoee, Florida.
The channel’s daytime business programming was branded \”CNBCFNN Daytime,\” although this was phased out by 1992. CNBC grew during the 1990s, launching Asian and European versions of the channel in 1995 and 1996 respectively. In 2003, NBCUniversal reacquired full control of CNBC from Dow Jones at the end of the end-making loss of Dow Jones Europe and CNBC at the beginning of the year. The network is now owned by Comcast, with both being ultimately owned by the Comcast cable giant, Comcast NBCUniversal and NBC Universal News Group. It is also the owner, or a minority stakeholder, in many of the localized versions of CNBC also operate, serving different regions and countries, including Asia, Europe, Australia, and New Zealand. CNBC has been ranked as one of the top 10 cable news channels in the world, with a rating of 9.7 out of 10. It has also been ranked among the top 20 cable channels in Europe, Asia, Australia and the Middle East, with ratings of 7.9 out of 8.0 out of a possible 10. In 2011, CNBC won the Cablecast of the Year award for its coverage of the global financial crisis, beating out CNN, Fox News, ABC, CBS, and Fox Sports, among others. It also won the Emmy Award for best news program for the second year in a row, beating CNN’s “Wall Street Live” program in the same year. It was the first cable news channel to win the Emmy award for a total of three consecutive years.