CNBC Europe Chosen as the 'Business Content of Choice' for the N24 Channel in Germany

CNBC Europe in Frankfurt will supply regular reports in German, throughout the day

CNBC Europe, the leading pan-European real time business and financial TV channel, announced today (18/12/03) that N24, the German news broadcaster owned by ProSiebenSat.1 Media AG, has chosen CNBC Europe to provide 'live' German language business programming, as part of a new agreement signed on the 17/12/03.

Under the one-year agreement CNBC Europe will provide N24 with regular, three-minute reports throughout the day from CNBC Europe's local reporters based at the Frankfurt Stock Exchange and CNBC Europe's bureau in Frankfurt. Each report will focus on business news headlines with live updates from the German markets, other European markets and key markets worldwide. The reports will also feature CNBC Europe's proprietary graphics, which provide visually powerful analysis of key price, index and market data.

Torsten Rossmann, Chief Executive of N24 says: "N24 is committed to providing its viewers with the best, most up-to-the-minute news and analysis on German, and global, business and market developments. CNBC Europe is recognised as the leading provider of real-time financial and business programming and we are delighted that we are able to bring this high quality content to our viewers through this new agreement."

Rick Cotton, President and Managing Director of CNBC Europe, says: "The German market is extremely important for CNBC Europe. We're looking forward to working with N24 to provide the German business audience with CNBC Europe's unique blend of real-time market news and insightful analysis including interviews with Germany's leading CEOs and analysts.

"This new programming opportunity is part of both CNBC Europe's strategy to provide high-quality business programming to other channels in Europe and its strategy to build its presence in the German market. Through our agreement with N24, CNBC Europe content will be broadcast in German for the first time."

The English-language 24-hour channel CNBC Europe is available throughout Germany via the Astra analogue satellite as well as through a cable distribution agreement with NBC Europe with access to some 31 million homes.