CNBC is an acronym for the Consumer News and Business Channel, an American cable and satellite business news television channel which has been operating since 1991. Owned by the NBCUniversal News Group, it has an estimated 390 million viewers around the world and its worth is roughly 4 billion dollars. In the US, CNBC is available to almost 84.27% households with television.
Headquartered in Englewood Cliffs, New Jersey, CNBC was ranked the 19th most valuable channel in the US on 2007. The channel is responsible, basically for covering business headlines, live coverage of financial markets, broadcasting talk shows, investigative reports, documentaries, infomercials, real-time updates on share prices on the NYSE, NASDAQ, and AMEX, as well as showcasing market indices, news summaries and weather updates.
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