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CNBC.COM ANNOUNCES THE LAUNCH OF “THE FABER REPORT”


Englewood Cliffs, NJ, June 29, 2009 – CNBC.com, the online destination for breaking global business news and expert analysis and commentary by CNBC’s top financial journalists and industry leaders, has added a new topic-specific blog. The Faber Report with David Faber provides users with regular updates filled with both original reporting and his unique perspective on the most important stories of the day.

“David is one of the most well-respected business reporters in the country,” said Allen Wastler, Managing Editor, CNBC.com. “Our blogs are a fast-growing area of our site and, with the addition of The Faber Report, our users will have even more access to the highly beneficial and analytical reporting that they have come to rely on and expect from us.”

CNBC.com has close to thirty original blogs that cover a wide range of topics, authored by both CNBC and CNBC.com award-winning journalists and Network guests. Over the past year, blog traffic on CNBC.com has more than doubled and this section of the site has posted a 130% growth in page views. (May 2008 vs. May 2009, Source: Omniture)

The Faber Report provides expert analysis on developments in financial services, individual corporations, and markets around the globe. Faber shares his reporting on a myriad topics including hedge funds, private equity and mergers and acquisitions as well as the perspective he’s gained after more than 22 years covering the world of business. Recent posts include: Getting “Direct” with Greg Maffei and KKR Tries Again, both filled with the questions and reporting that Faber is known for.

An Emmy, Peabody, and DuPont award winner, Faber has anchored and co-produced several of CNBC's acclaimed original documentaries and long-form programs as well as appearing daily on CNBC's "Squawk on the Street." (M-F, 9-10 a.m. ET). During the day, Faber breaks news and provides in-depth analysis on a range of business topics on air and online.

Faber is also the author of the recent “And Then The Roof Caved In: How Wall Street’s Greed and Stupidity Brought Capitalism to Its Knees,“ (Wiley; June 2009)his account of what really caused the greatest economic collapse since the Great Depression.
Based on the critically acclaimed CNBC documentary House of Cards, which was reported and co-produced by Faber, the book offers a definitive, up-close and personal analysis of the roots of this stunning worldwide economic failure and unmasks the truth behind the crisis, whose defining theme at every turn has been greed.




About CNBC:
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/.