CNBC and Yahoo! Enter Global Distribution Agreement
CNBC to Provide Global Video Content and Articles to Yahoo! Finance Users Worldwide
ENGLEWOOD CLIFFS, N.J. & SUNNYVALE, Calif., Dec 12, 2007 (RUSHPRNEWS) — CNBC, first in business worldwide, and Yahoo! Finance, the Internet’s #1 financial website, today announced an agreement to distribute content from CNBC, CNBC Europe, CNBC Asia, and CNBC.com to Yahoo! Finance users in the United States and worldwide. The announcement represents CNBC’s first global online alliance, and Yahoo!’s first global finance video agreement.
Under the terms of the agreement, CNBC will provide video clips from its global networks and articles from CNBC.com. The content will be available to Yahoo! Finance users in the U.S. (http://finance.yahoo.com), and will also be available to Yahoo!’s 21 international financial news sites. The video clips will encompass commentary and analysis of the day’s top business stories, pre-market opening buzz, interviews, investing and stock-picking segments from CNBC programs including “Mad Money w/Jim Cramer” and “Fast Money” and international market news and analysis from CNBC Europe and CNBC Asia.
“This agreement brings together two global market leaders to meet the growing demand for online business and financial information,” said Mark Hoffman, CNBC President. “This alliance draws on the strength of CNBC’s global assets and expands the reach of our unparalleled content to Yahoo! Finance’s worldwide user base. It reaffirms our commitment to providing fast, accurate, actionable and unbiased information to our audience.”
“In an increasingly globalized economy, it’s essential that Yahoo! Finance offer investors news from the major global financial markets,” said Scott Moore, senior vice president and head of media, Yahoo!. “The addition of CNBC video content will help Yahoo! Finance users from around the world make more informed financial decisions.”
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to approximately 400 million homes worldwide, including more than 95 million households in the United States and Canada. The network’s Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC’s headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.
Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! is focused on powering its communities of users, advertisers, publishers, and developers by creating indispensable experiences built on trust. Yahoo! is headquartered in Sunnyvale, California.
Yahoo! and the Yahoo! logo are trademarks and/or registered trademarks of Yahoo! Inc.
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Stephanie Arnoldy, 310-907-3119
Brian Steel, 201-735-4778
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