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CNBC Europe Names Mick Buckley President and Managing Director

CNBC Europe, a joint venture of NBC Universal and Dow Jones & Company and the leading pan-European financial and business television network, today announced that it has appointed Mick Buckley President and Managing Director. Effective immediately, Buckley will be responsible for all aspects of operations and strategic initiatives including increasing distribution, expanding locally produced European programming, extending live coverage from the leading European financial centers and developing additional local-language affiliates. Buckley replaces Rick Cotton, who recently was named Executive Vice President and General Counsel of NBC Universal.

"As one of the most experienced executives in pan-European television, Mick brings proven leadership skills to the helm and I'm delighted that he is taking on this role," said Pamela Thomas-Graham, President and Chief Executive Officer, CNBC. "Through Mick's contributions, we have made significant progress commercially over the past year, and I look forward to him taking the channel to greater heights going forward."

Thomas-Graham added: "I would also like to take this opportunity to thank Rick Cotton for his tremendous contribution to CNBC Europe. Under his leadership, the network has dramatically upgraded its on-air presentation, expanded its reach across Europe to 85 million homes, developed programming partnerships with TV channels in Germany, Italy, Turkey, Russia and the Middle East, and built CNBC Europe's brand recognition throughout the European business and financial communities."

"Speaking for Dow Jones, we welcome the promotion of Mick to lead CNBC Europe to further success, building on the strong foundation Rick Cotton has established over the past four years," said Karen Elliott House, Publisher of The Wall Street Journal and Senior Vice President of Dow Jones & Company.

"We are also delighted that when Rick returns to the U.S., he will be in a much-deserved position of broad responsibility at NBC Universal."

In this new capacity, Buckley will report to the CNBC International board, which is made up of its 50/50 joint-venture partners, NBC Universal and Dow Jones. Buckley has been with CNBC Europe since March 2003, serving as the network's Executive Vice President and Commercial Director. During this time, the network has increased its revenue by 30%. In addition, Buckley has worked to increase brand awareness and has been successful in bringing many international brands to the channel for the first time. He also has put in place a strong commercial team across both advertising sales and distribution.

"I am delighted to be taking on this role and to have the opportunity to lead its exceptional team of employees," Buckley said. "CNBC Europe is an unmatched product with a highly valuable and difficult to reach audience. My new role gives me the remit to not only build the channel on a pan-European basis, but also identify new opportunities to maximize the business in terms of revenue and audience growth."

Before joining CNBC Europe, Buckley worked at Turner Broadcasting Systems Europe, where he held a number of senior distribution and sales roles, eventually becoming Executive Vice President of News Networks and UK Managing Director. Buckley started his career in television working for ITV, where he worked for both Carlton Television and Television South West.

About CNBC and CNBC Europe

CNBC is the recognized global leader in business news, providing real-time financial market coverage and business information to more than 200 million homes worldwide, including more than 86 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. CNBC Europe and CNBC Asia Pacific are services of NBC Universal and Dow Jones & Company. 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/.

CNBC Europe is the only pan-European real-time financial information channel dedicated to the European senior corporate executive, the European financial services industry & the European investor. CNBC Europe is available in over

85 million homes, 1,400 offices and some 340.000 4 & 5 start hotel rooms throughout Europe, the Middle East and Africa. The channel is available via the Astra 2C satellite, on Cable and Digital platforms. CNBC Europe is a service of NBC Universal and Dow Jones. CNBC Europe is produced and broadcast from studios in London, while drawing on the resources of Dow Jones and NBC Universal news contacts in 25 European cities.

About Dow Jones & Company

In addition to The Wall Street Journal and its international and online editions, Dow Jones & Company (NYSE: DJ; www.dowjones.com) publishes Barron's and the Far Eastern Economic Review, Dow Jones Newswires, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

CNBC Europe:
Charlotte Blenkinsop
Tel: +44 (0) 207 653 9448

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