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CNBC News TV is an American live stream TV business news channel that is possessed by NBC Universal Broadcast, Cable, Sports and News, a division of NBC Universal, with both being ultimately possessed by Comcast. CNBC also provides live streaming TV online free for its viewers. Headquartered in Englewood Cliffs, New Jersey, the network mainly carries business day coverage of U.S. and international financial markets; resulting the end of the business day and on non-trading days, CNBC mainly carries financial and business-themed documentaries and reality shows. CNBC was originally recognized on April 17, 1989 as a joint venture between NBC and Cablevision as the Consumer News and Business Channel. Two years later, in 1991, the network assimilated its main competitor, the Financial News Network, a move which extended both its distribution and its workforce. Cablevision afterward sold its stake to NBC, giving NBC sole ownership. As of February 2015, CNBC is accessible to approximately 93,623,000 pay television households (80.4% of households with television) in the United States. In 2007, the network was graded as the 19th most valuable cable channel in the United States, worth roughly $4 billion.
CNBC had its early stages around 1980 as the Satellite Program Network (SPN), showing a low-budget mix of old movies, instructional and entertainment programs. The channel later reformed its name to Tempo Television. After initially signing a letter of intent to acquire Tempo, NBC eventually chose for a deal to lease the channel’s transponder in June 1988. Roger Ailes was appointed as the new president of CNBC in 1993, tasked by NBC CEO Bob Wright with turning around the struggling network. Under Ailes’ leadership from 1993 through 1995, the $400 million network doubled in value, and its revenues tripled. In addition, Ailes supervised the launch of a 1994 spin-off channel from CNBC, called “America’s Talking. Today, CNBC delivers business news programming on weekdays from 4:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk shows, investigative reports, documentaries, infomercials, and other programs at all other times. A rolling ticker offers real-time updates on share prices on the NYSE, NASDAQ, and AMEX, as well as market indices, news summaries, and weather updates by NBC meteorologists (prior to March 27, 2006, all of CNBC’s weather reports were provided by AccuWeather).
