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US financial channel CNBC moves Web content off MSN, relaunches own site

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US financial channel CNBC moves Web content off MSN, relaunches own site

Financial news channel CNBC is retaking its territory on the Internet on Monday, formally ending a relationship with Microsoft Corp.'s MSN Money and relaunching its own Web site.
CNBC ran its own Web site from 1998 to 2001 but began providing online content to Microsoft's MSN portal site under a licensing agreement. The channel's relaunched site will carry many new features, including Web-specific video clips and market updates, video from news events and interviews with CEOs and other newsmakers.
Customers paying fees of $9.95 (euro7.50) per month also will have access to premium features including archived video and a live feed of video from the financial news network.
Mark Hoffman, CNBC's president, said the network has hired an additional 55 people to work on the Web site, but he declined to disclose how much money was being invested in the online expansion.
Hoffman said CNBC's licensing agreement with Microsoft's MSN Money expired at the end of the second quarter this year and the two decided to go their separate ways.
CNBC is part of NBC Universal, a unit of General Electric Co.
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On the Net:
http://www.cnbc.com