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CNBC Europe

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CNBC Europe
HeadquartersLondon, United Kingdom
Ownership
OwnerNBCUniversal
(Comcast)
Screenshot of European Closing Bell, showing the network's presentation style from 1 March 2010 to 28 March 2014.
The CNBC Europe logo used prior to September 2008.

CNBC Europe (referred to on air simply as CNBC) is a business and financial news television channel which airs across Europe, the Middle East and Africa. The station is based in London, where it shares the Adrian Smith-designed[3] 10 Fleet Place building with Dow Jones & Company. Along with CNBC Asia, the channel is operated by the Singapore-headquartered CNBC subsidiary company CNBC International, which is in turn wholly owned by NBCUniversal.

European Business News TV (EBN) with Ed Mitchell, London, in 1996.

As the most viewed pan-European financial TV channel according to the 2010 EMS survey, the broadcaster reaches over 100 million households across the continent.[1] CNBC Europe produces four hours of live programming each weekday and airs reports and content for its global sister stations and the outlets of NBC News.

History

1990s

CNBC Europe began broadcasts in March 1996, as a wholly owned subsidiary of NBC. On 9 December 1997, the channel announced that it would merge with the Dow Jones news channel in Europe, European Business News. The merger took place in February 1998, upon which the channel then became known officially as "CNBC Europe - A Service of NBC and Dow Jones".

2000s

CNBC Europe has leaned generally on the U.S. CNBC on-air graphical look in the past. However, in June 2003, it revamped a number of its programmes, taking many of them away from the U.S. formats.[4] CNBC Europe re-launched its on-air image in September 2004, but instead of adapting the U.S. title sequences for programmes, designed all of its title sequences itself from scratch (while still using the U.S. music adopted in September 2003).

In July 2005, NBC Universal announced that it would be acquiring the Dow Jones stake in CNBC Europe, subject to required regulatory clearances. On 30 December 2005, CNBC Europe became a wholly owned subsidiary of NBC Universal.[5] Dow Jones continues to provide content to the channel. On 1 January 2006, in line with this, the channel dropped the "A Service of NBC Universal and Dow Jones" tagline.

On 18 September 2006, CNBC Europe debuted a new graphics package, which is similar to that used by its U.S. counterpart (first seen in the United States on 19 December 2005). Like CNBC Asia (which debuted a new graphics package similar to CNBC U.S. and Europe on 30 October 2006), it elected to keep the previous theme music (CNBC Asia did so until March 2007). In addition, CNBC Europe also elected to keep its September 2004 opening titles for most programmes.

The channel adopted a new schedule on 26 March 2007 which included a new pan-regional programme, Capital Connection.[6] New title sequences were given to Power Lunch Europe and Europe Tonight to coincide with changes to the form and content of those programmes, but unlike CNBC Asia, no other changes were made to the channel's on air look on this date (although Capital Connection uses CNBC Asia's new graphics as it is produced by that channel).

On 7 January 2008, the channel unveiled a revamped studio and new "lower thirds". The lower-third style was distinct to CNBC Europe, but adopted some elements of the CNBC U.S. style.

On 29 September 2008[7] the channel dropped "Europe" from its on-screen name, returning to the CNBC brand it had previously used for a spell in the 1990s. This positioned the station in-line with its U.S. and Asian counterparts, which are also referred to simply as CNBC.[8] Some minor on-screen changes were introduced to coincide with the rebrand.

On 1 December 2008 the channel relaunched its flagship programme Squawk Box Europe, with a new look not derived from CNBC U.S. at all. At the same time a third line was added to the ticker detailing general news stories.[9]

On 15 December 2008 the channel announced that long running show Power Lunch Europe would be removed from the schedule and be replaced, in both Ireland and the United Kingdom only, with a 12-week run of Strictly Money, a new programme focussing specifically on UK issues. This marks the creation of a new UK/Ireland opt-out for CNBC Europe.[10] The new schedule aired from 12 January 2009, with Strictly Money remaining in the schedule until its cancellation in March 2011.

CNBC Europe debuted a new lower thirds, which were completely different from its sister U.S. and Asian channels, on July 27, 2009.

2010s

On 22 January 2010, the station ended its encryption on digital satellite television in the UK to increase its viewer footprint to an estimated 11 million households.[11] The channel was subsequently added to Freesat on 23 February 2010.[12]

A significantly revamped studio was unveiled in May 2011[13] along with a new format for various programmes.

The network was formally merged with CNBC Asia in December 2011 to form a new Singapore-based company, CNBC International, to manage the two stations. As a result of the merger CNBC Asia managing director Satpal Brainch was appointed to lead the new company, with his European counterpart Mick Buckley leaving his post.[14]

On 31 March 2014, CNBC Europe launched in widescreen (16:9) and changed its lower thirds to match the on-air style of its sister CNBC Asia channel, which also launched in widescreen on the same day. The new look also saw the removal of the on-screen clock, which CNBC Europe had shown during live European and American programming since the channel was launched. This new on-air style did not carry over to CNBC US, which continued to use the old on-air style. CNBC US would ultimately follow with its own launch in 16:9 widescreen on 13 October 2014. An on-screen clock returned on this day (13 October) but it was a world clock with the time from various financial capitals shown on a rotating basis. CNBC Europe's current on-air style (which is based on the US design used since 13 October 2014) was launched 9 March 2015, exactly a month after its sister Asia channel.

On 10 November 2015, CNBC announced cutbacks to its international television operation, including the closure of its Paris and Tokyo bureaus, and a two-hour reduction in local programming from London (which will be filled with more programming from the U.S. feed). The cuts, which will result in the layoff of 15 employees, comes as part of a wider focus on providing European market coverage via digital platforms, such as the CNBC website.[15] The programming cutbacks from London took effect on 4 January 2016. Only two programmes, Squawk Box Europe and the European version of Street Signs (the latter debuted on the same day), are produced out of CNBC Europe's Fleet Place studios in London.[16]

Ratings

Unlike its American sister station, CNBC Europe does not have its ratings measured on a daily basis: the channel resigned its membership of the UK's Broadcasters' Audience Research Board in September 2004 in protest at its refusal to incorporate out-of-home viewing into its audience figures.[17] The network instead focuses its viewership measure strictly towards the top 20% income bracket, where figures are compiled as part of Synovate's European Media and Marketing Survey (EMS). CNBC Europe's monthly viewership grew steadily from 1.7 million to 6.7 million in the decade after its 1998 merger with European Business News, with annual growth coming in at around 10%.[8] In the EMS survey covering 2010, the network's monthly reach was reported to be 6.8 million.[1]

Programming

European Business Day

Current programming

CNBC Europe produces live business day programming from 7h to 11h CET. The major business day programmes, all broadcast from London, on CNBC Europe are:

In addition, CNBC Europe produces three weekly shows. These programmes are premiered at 23h CET and repeated at various times over the weekend. These are:

  • Access: Middle East
  • Access: Africa
  • The Edge
  • Investing Edge

During the business day, the CNBC Europe Ticker is displayed during both programmes and commercials, providing information on share prices from the leading European stock exchanges (this means that advertisements on CNBC Europe are formatted differently from those on most television channels, taking up only part of the screen). When programming from CNBC Asia is shown, that network's ticker is displayed. A stack (or bug) providing index and commodity prices was displayed in the bottom right hand corner of the screen until December 2005, when it was replaced with a strip across the top of the screen (in line with the other CNBC channels). The ticker was decreased in size at the same time.

Past programming

CNBC Europe's headquarters in Fleet Place, London.

Rebroadcasts of CNBC U.S. and CNBC Asia

In addition to its own programming, CNBC Europe also broadcasts live almost all of the business day programming from CNBC U.S.. Worldwide Exchange, Squawk on the Street, Squawk Alley, Fast Money Half Time Report, Power Lunch and Closing Bell are all broadcast in their entirety. Squawk Box is also now shown in full right across Europe as until March 2011 only the final two hours of the show were available to viewers in the UK and Ireland because CNBC Europe broadcast Strictly Money to UK and Irish viewers. However, on the day when CNBC Europe broadcasts its coverage of the monthly announcements of the UK and European Central Bank lender rates, only the first hour of Squawk Box is shown on CNBC Europe. Squawk Alley was originally not shown because it clashed with European Closing Bell, until the latter was cancelled on 18 December 2015. Originally, Fast Money had not been shown on the channel but since November 2010 the programme has been shown on tape delay at 0500 CET in the hour between the end of CNBC Asia programming and "Capital Connection" between November and March. Mad Money has yet to be seen on CNBC Europe. On American bank holidays CNBC Europe broadcasts CNBC U.S. documentaries and airs additional replays of its weekly magazine programmes.

While the U.S. markets are open, the CNBC Europe Ticker is modified to carry U.S. share prices. A break filler, consisting of HotBoards (CNBC's custom stock price graphs) is often broadcast during U.S. programming, owing to the increased number of advertising breaks. In addition, during the evening, a recorded Europe Update is broadcast during some U.S. ad breaks, during which Louisa Bojesen presents a 90-second run down of the European closing prices. For a time in 2013 this concept was extended for a while into daytime when CNBC Europe broadcast brief European updates twice an hour when the network is broadcasting CNBC U.S.'s Squawk programmes. These segments were broadcast live and, as with the recorded evening updates, were inserted into commercial breaks.

The channel also broadcasts live the majority of CNBC Asia's output. However broadcasts of CNBC Asia's live programming had been scaled back in the late 2000s as the channel had preferred to broadcast teleshopping and, latterly, poker programming overnight. During the period when poker was shown CNBC Europe only broadcast the final hour (final two hours between April and October) of Asian programming, apart from late Sunday night/early Monday morning when the channel broadcast CNBC Asia's full morning line-up. In 2009, the majority of Asian programming was reinstated although the entire broadcast day of CNBC Asia is still only shown on Sunday night/early Monday morning.

Other programmes

Other daily programmes not produced by CNBC include NBC talk show The Tonight Show starring Jimmy Fallon and NBC Nightly News with Lester Holt. Weekly programmes broadcast by the channel include Investing Edge, On The Money, Managing Asia and Inside China. On Saturdays the channel broadcasts the previous night's edition of Nightly Business Report.

In February 2008 a weekend nine-hour CNBC Life strand,[18] was launched. This slot, which ran during the afternoon and evening, incorporated the already established weekend afternoon sporting coverage of sports such as PGA Tour golf, tennis and yachting with new programming which included travel programming produced by the Travel Channel, output from The Luxury Channel, news and current affairs broadcasts as well as editions of The Tonight Show and the NBC News Sunday-morning interview show Meet the Press. In September 2010 CNBC began airing a series of operas and ballets on Sunday afternoons under the title of CNBC Performance. The 20-part series began in September 2010 and ran until the end of January 2011.[19] This programming was repeated during the rest of 2011.

Since 2012 weekend output has been more focused on its core remit of business programming as the network has increasingly moved towards a weekend schedule of showings of the CNBC US-produced documentaries and weekly business programmes. Sport continues to be shown on weekend afternoons, although this now focuses mainly on the US PGA Golf Tour, as do the early evening showings of The Tonight Show. The Sunday morning sponsored religious programming block also continues to be broadcast as does Meet The Press. The lifestyle, travel and CNBC Performance elements have been removed from the schedule.

CNBC Europe also occasionally airs special programmes dedicated to the world of financial news and politics. Previous examples of this programming are Questions for the Future, Squawk Outside the Box and Global Players with Sabine Christiansen.

The channel used to broadcast the 24-hour MSNBC news channel during major non-business related breaking news and also overnight at the weekend and during the afternoon on American public holidays. Broadcasting of MSNBC on the channel stopped in the late 2000s. Standard weekend programming replaced the overnight broadcasts and on American bank holidays CNBC Europe now broadcasts CNBC US documentaries and airs additional replays of its weekly magazine programmes. Coverage of non-business related breaking news now comes from CNBC U.S.'s own coverage or from NBC News.

The channel carries some paid programmes at the weekend but this has been scaled back somewhat and the only paid programming now seen on the channel are religious programmes on Sunday mornings. Previously, the channel had given over a number of weekend, and during the 2000s, weekday overnight, slots to teleshopping but this has now disappeared from the network.

Extended programming

In the past CNBC Europe has broadcast extended European programming on U.S. bank holidays. In the mid 2000s, this took the form of an extended edition of Power Lunch Europe, during 2009 and 2010 CNBC had broadcast Strictly Money to the whole of Europe and in 2012 and 2013 the network broadcast a three-hour edition of Worldwide Exchange and a two-hour edition of European Closing Bell. Since 2014, CNBC Europe has not broadcast any extended programming on U.S. bank holidays although recently CNBC Europe has broadcast two-hour editions of Street Signs on American bank holidays.

Since the start of 2016, CNBC Europe began broadcasting almost all of the CNBC US live business day schedule. Previously the full schedule had only been seen on Europe-wide bank holidays which were regular working days in the United States (CNBC Asia produced Worldwide Exchange on those days) and between Christmas and the new year as CNBC Europe produced less European programming at this time.

On the day each month when the bank lending rates are announced, CNBC Europe broadcasts "Decision Time," which airs between 1200 CET and 1400 CET.

Simulcasts outside Europe

All of CNBC Europe's weekday programmes can be seen in their entirety in the U.S. on CNBC World. Street Signs is also seen on CNBC's main channel in the U.S. Only Squawk Box Europe and Street Signs are regularly seen on CNBC Asia.

The CNBC Europe ticker is seen on CNBC World but not on CNBC Asia and CNBC U.S.

Presenters

Current anchors and correspondents

CNBC Europe's Louisa Bojesen moderates a debate at the 2009 World Economic Forum on the Middle East in Jordan.

The presenters are based in London unless otherwise stated.

CNBC Europe anchor Geoff Cutmore moderates a debate at the 2008 World Economic Forum: New Champions meeting in Tianjin, China.

The station also uses reporters from its sister network Class CNBC for coverage of the Italian markets.

Past anchors and reporters

Affiliate channels and partnerships

There is a feed of CNBC Europe for Scandinavian countries called CNBC Nordic.[20] It shows identical programmes to CNBC Europe but has a ticker focussing on Scandinavian stock exchanges.

The channel also operates a separate feed for the United Kingdom. Before late 2008 this was utilised only occasionally, usually for advertising purposes.[21] The network has since begun to actively market the feed to potential advertisers,[21] and at the start of 2009 its first UK-specific programming, Strictly Money, began, initially as a 12-week experiment but the programme continued to air until March 2011. Now the only UK-specific programming is the occasional weekend teleshopping broadcast. Viewers in Ireland also receive this feed.

The following European channels also fall under the CNBC brand:

In December 2003, CNBC Europe signed an agreement with German television news channel N24 to provide regular updates from the Frankfurt Stock Exchange.[26] Correspondents Silvia Wadhwa, Patricia Szarvas and Annette Weisbach report throughout the day in German. In June 2008 the channel also began producing thrice-daily video reports in German for the website of Focus magazine.[27]

Other services

CNBC Europe is narrowcast in London's black cabs on the Cabvision network.[28]

The network provides mobile phone audio to users in Europe, accessible by dialling a local access number or calling a specific Emsat number. In addition to live audio streaming of the channel, the service also features recorded content such as CEO interviews and technical analysis.[29]

Since 2005, CNBC Europe also produces the monthly magazine CNBC Business (formerly named CNBC European Business) in conjunction with Ink Publishing. The magazine is aimed at senior businesspeople and business travellers.

References

  1. ^ a b c "CNBC Leads Business & Financial News Across All Key Measures" (Press release). CNBC Europe. 7 July 2011. Retrieved 18 December 2011.
  2. ^ CNBC. "CNBC Plus". Retrieved 2007-07-10.
  3. ^ "Ludgate, 10 Fleet Place". Adrian Smith + Gordon Gill Architecture. Retrieved 28 September 2010.
  4. ^ Ellery, Simon (30 May 2003). "MEDIA: CNBC revamps schedule". PR Week. Retrieved 28 September 2010.
  5. ^ Loades-Carter, Jonathan (21 July 2005). "Dow Jones pulls out of joint venture with CNBC". Financial Times. Retrieved 2007-07-10.
  6. ^ "CNBC launches new pan-regional programme - Capital Connection" (Press release). CNBC. 19 March 2007. Retrieved 2007-07-10.
  7. ^ "CNBC Europe: CEO Mick Buckley spricht über Rebranding". Horizont (in German). 25 September 2008. Retrieved 2008-09-29.
  8. ^ a b Snoddy, Raymond (14 September 2008). "Amid the TV turmoil, it's always good news at CNBC". The Independent. Retrieved 2008-09-14.
  9. ^ "CNBC Refreshes Flagship Programme Squawk Box Europe" (Press release). CNBC Europe. 1 December 2008. Retrieved 18 December 2011.
  10. ^ "CNBC To Launch New Business And Money Series For The UK" (Press release). CNBC. 15 December 2008. Retrieved 2009-01-02.
  11. ^ "CNBC goes free to air on Sky". Digital Spy. 2010-01-22.
  12. ^ "CNBC to launch on Freesat". Digital Spy. 2010-02-19.
  13. ^ Laughlin, Andrew (9 May 2011). "CNBC launches revamped London studio". Digital Spy. Retrieved 18 December 2011.
  14. ^ Ariens, Chris (6 December 2011). "CNBC Europe and CNBC Asia Merge to Create CNBC International". TV Newser. Retrieved 18 December 2011.
  15. ^ "CNBC to cut London live TV news to focus on digital expansion". The Guardian. Retrieved 11 November 2015.
  16. ^ CNBC Launches new Europe-lite schedule
  17. ^ Gibson, Owen (1 September 2004). "Barb hit by channel resignation". guardian.co.uk. Retrieved 2008-09-29.
  18. ^ Kiss, Jemima (13 February 2008). "CNBC Europe to screen 'luxury' shows". guardian.co.uk. Retrieved 2008-10-01.
  19. ^ "CNBC to air top international opera and ballet". Retrieved 2010-12-15.
  20. ^ NBC. "Corporate Info". Retrieved 2007-07-10.
  21. ^ a b Barnett, Emma (11 November 2008). "CNBC to push UK news feed". Media Week. Retrieved 2009-01-02.
  22. ^ "Dogus Group And GE's Consumer Finance Unit Reach Definitive Agreement on Garanti Bank Partnership; Partnership will create an innovative new force in the Turkish banking sector" (Press release). Business Wire. 26 August 2005. Retrieved 2007-11-10.
  23. ^ "CNBC Arabiya broadcasts from Dubai". Middle East Online. 29 July 2003. Retrieved 2007-11-10.
  24. ^ "TVN investor centre: general info". TVN. 21 July 2007. Retrieved 2007-11-14.
  25. ^ Welsh, James (21 July 2007). "TVN, CNBC to launch Polish channel". Digital Spy. Retrieved 2007-07-11.
  26. ^ "CNBC Europe chosen as the 'Business content of choice' for the N24 channel in Germany" (Press release). CNBC Europe. 18 December 2003. Retrieved 2008-01-06.
  27. ^ "FOCUS Online kooperiert mit CNBC Europe" (Press release) (in German). Focus, CNBC Europe. 9 June 2008. Retrieved 2008-07-07. {{cite press release}}: Italic or bold markup not allowed in: |publisher= (help)
  28. ^ "Cabvision launches in London Taxis" (PDF) (Press release). Cabvision. 15 March 2005. Retrieved 2007-07-10.
  29. ^ CNBC Europe. "CNBC Europe Mobile". Retrieved 2007-12-19.

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