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CNBC and ANC forms Partnership for Content Distribution in the Philippines

Singapore, 14 June 2007 –CNBC, First in Business Worldwide, and the ABS-CBN News Channel (ANC) the Philippines’ first and most respected 24 hour television news provider, have jointly announced a partnership for collaborative efforts on content distribution and sharing of editorial resources for the two networks.

As part of this agreement, ANC will air "CNBC’s Cash Flow" LIVE, from 11.00 am – 12.00 pm, Monday - Friday (SIN / HK time), as well as air episodes of "Managing Asia" once a week. The partnership will also entail ANC to produce live business reports/cut-ins for airing within "CNBC’s Cash Flow," at least twice a week.

“ANC is a leading source of national business and political news in the Philippines. With the credibility it commands within the Philippine community, ANC ties in with the quality of content and caliber of CNBC,” says Jeremy Pink, President & Managing Director, CNBC Asia Pacific. ”Our partnership with ANC enables us to strengthen our presence in the Philippines, and we look forward to a long term mutually beneficial collaboration with them.”

”The presence of CNBC, the world’s leader in business, within our programming adds considerable value to the information that we provide to Filipino audiences not just within, but also outside the Philippines” says Maria Ressa, Managing Director and Senior Vice President, News and Current Affairs for ABS-CBN Broadcasting Corporation. “We are certain this partnership will bring with it opportunities to break new ground—not just for CNBC in the Philippines, but also for ANC within the region.”

About CNBC Asia Pacific :

CNBC Asia Pacific is uniquely positioned to speak to viewers from across the region. Headquartered in Singapore, the network provides nine hours of live Asia-produced programming, which is complemented with coverage of live market action from Europe and the US. CNBC Asia Pacific's channels, which include CNBC Asia, CNBC-TV18 (India), CNBC Pakistan, Nikkei-CNBC (Japan) are available in more than 21 countries across the Asia Pacific region. CNBC also has a strategic alliance with China Business Network, a wholly owned subsidiary of the Shanghai Media Group, and a partnership with Digital Chosun, an entity of Chosun Daily Group of Companies, the premier multiplatform media conglomerate in Korea. The channels are distributed via satellite, cable and terrestrial broadcast networks, as well as broadband, on www.cnbc.com. CNBC content is also distributed on mobile platforms.

For more information, please visit us at www.asia.cnbc.com.

CNBC is 100% owned and managed by NBC Universal, which is the broadcasting unit of GE, the ‘World’s Most Admired’ company in FORTUNE magazine's annual poll of executives (March 2007).

About ANC:

ANC is ABS-CBN Broadcasting Corporation's news and current affairs channel. ABS-CBN is the largest media and entertainment company in the Philippines. It was originally established more than a decade ago as the Sarimanok News Network (SNN) and has evolved from the original format of two newscasts a day, to becoming the pioneer of 24 hour news programming in the Philippines, offering the latest in domestic and international news, business information and sports updates. ANC's audiences today are made up of the Philippine's most influential, high-level political and business decision makers. They are well educated, are primarily multi-lingual, with the ability to converse in English and Tagalog and/or their native regional dialects. They also travel frequently for business or pleasure. ANC is distributed via cable, satellite and broadband connection.

For more information, visit ANC’s website at www.abs-cbnnews.com

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