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CNBC WINS A GERALD LOEB AWARD FOR DISTINGUISHED BUSINESS AND FINANCIAL JOURNALISM

Television Enterprise Category—CNBC’s “Remington Under Fire: A CNBC Investigation”

ENGLEWOOD CLIFFS, N.J., June 28, 2011 – CNBC, First in Business Worldwide, today received a Gerald Loeb Award for Distinguished Business and Financial Journalism, which recognizes journalists who make significant contributions to the understanding of business, finance and the economy. The awards were presented by the UCLA Anderson School of Management today in a dinner ceremony held at Capitale in New York City.

CNBC’s “Remington Under Fire: A CNBC Investigation,” a CNBC Original reported by award-winning senior correspondent Scott Cohn, won in the category of Television Enterprise for outstanding in-depth coverage of a business news story. The documentary takes viewers inside a 10-month investigation of the world’s most popular hunting rifle and examines whether a company has gone too far to protect its signature product. CNBC’s Mitch Weitzner is the senior executive producer. Additional credits include: senior producer Jeff Pohlman; associate producer Emily Bodenberg; principal editor Steve Banton; and editor Gary Vandenbergh. Ray Borelli is the Senior Vice President of Strategic Research, Scheduling and Long Form Programming.

About CNBC:

With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD+, CNBC is the recognized world leader in business news providing real-time data, analysis and information to more than 390 million homes worldwide. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m.- 8:00 p.m.) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC.com and CNBC Mobile Web (mobile.cnbc.com) offer real-time stock quotes, charts, analysis and both on-demand and live streaming video.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/