CNBC is an American business news channel formally owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. CNBC along with most of Comcast's cable has been spun-off into a company named Versant. The future is uncertain as of this moment. The network broadcasts live business news and analysis programming during the morning, daytime trading day, and early-evening hours, with the remaining hours (such as weekday prime time and weekends) filled by business-related documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City.
CNBC was founded in April 1989 as the Consumer News and Business Channel, a joint venture between NBC and Cablevision. Following its 1991 bankruptcy, NBC acquired the competing Financial News Network (FNN) and merged it into CNBC, and acquired Cablevision's stake in CNBC to give it full ownership. In addition to its U.S. operations, CNBC operates the international branches CNBC Europe and CNBC Asia, and is involved in other international affiliates via joint ventures and franchise arrangements. In 2023, CNBC had higher total day and primetime viewership than its chief rival, Fox Business, but finished behind Fox in trading day viewership.
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