Englewood Cliffs, N.J. and New York, N.Y., January 7, 2008 – CNBC and The New York Times today announced a digital content sharing agreement in the areas of business and technology, including finance, economics, money management and personal finance, effective immediately. The collaboration will further broaden the reach of each organization's high-quality newsgathering to viewers, readers and users of the two Web sites, CNBC.com and NYTimes.com. The agreement represents the first time The New York Times has collaborated with CNBC.
Under the agreement CNBC will provide content and multimedia features from CNBC.com to NYTimes.com and The New York Times will provide print and online coverage from the newspaper and its Web site to CNBC.com. Each site will establish direct links to the other's site.
"This strategic agreement brings together two leading news organizations offering more original content and coverage to our audience," said Mark Hoffman, CNBC president. "The New York Times is the perfect complement to reinforce CNBC's reputation as providing the most comprehensive and well-respected global voice in business and financial news. This is the beginning of a collaborative digital relationship that we hope to expand."
"Together CNBC.com and NYTimes.com will reach more business decision makers than any other financial Web site in the U.S.," said Vivian Schiller, senior vice president and general manager, NYTimes.com. "The combined resources of our two organizations means that our users will benefit from an unparalleled depth of business and technology coverage."
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 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 http://www.cnbc.com.
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/.
About The New York Times Company:
The New York Times Company (NYSE: NYT), a leading media company with 2006 revenues of $3.3 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 15 other daily newspapers, WQXR-FM and more than 30 Web sites, including NYTimes.com, Boston.com and About.com. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.