CNBC
CNBC is an American pay television channel owned by the NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
History[edit | edit source]
CNBC was established on April 17, 1989, through a joint venture between NBC and Cablevision as a basic cable channel. Later, in 1991, the network acquired its main competitor, the Financial News Network, a move which expanded both its distribution and its workforce. Cablevision subsequently sold its stake to NBC, giving NBC sole ownership. As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.
Programming[edit | edit source]
CNBC provides a variety of programs throughout the business day. Live programming is broadcast on weekdays from 5:00 a.m. until 8:00 p.m., while reruns of some of its most popular business day programs are shown from 8:00 p.m. to 5:00 a.m. on weekdays. On weekends, CNBC primarily airs business-themed documentaries and reality shows, as well as reruns of programs aired on weeknights.
Notable personalities[edit | edit source]
Some of the notable personalities on CNBC include Erin Burnett, Jim Cramer, and Maria Bartiromo, who was one of the first women to break into the world of broadcasting business news.
Criticism and controversy[edit | edit source]
CNBC has been criticized for allegedly amplifying bull and bear markets, particularly in the run-up to the Dot-com bubble and the subprime crisis. In response to these criticisms, CNBC anchors have pointed to the size of the market and noted that influencing it is "a little out of our reach."
See also[edit | edit source]
References[edit | edit source]
External links[edit | edit source]
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