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An employee of the Korea Exchange Bank counts one hundred U.S. dollar banknotes at the bank's headquarters in Seoul, August 11, 2011. REUTERS/Jo Yong-Hak

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Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports.  Read more at Counterparties 

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Icahn seeks up to $7 billion for Dell bid

NEW YORK - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday.

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BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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Yahoo and CNBC form content partnership

The Yahoo! offices are pictured in Santa Monica, California April 18, 2011. REUTERS/Mario Anzuoni

The Yahoo! offices are pictured in Santa Monica, California April 18, 2011.

Credit: Reuters/Mario Anzuoni

Wed Jun 13, 2012 12:33am EDT

(Reuters) - Yahoo Inc (YHOO.O) and CNBC have formed a content sharing partnership, the companies said on Wednesday.

As part of the deal, CNBC will provide stories and videos that will be featured on Yahoo Finance pages. Yahoo and CNBC will co-create original videos that will appear on Yahoo, CNBC.com and mobile devices and will be promoted on the cable channel.

"This partnership is a key step forward in Yahoo's strategy to become a premium media network," said Robertson Barrett, vice president of news and finance at Yahoo.

Yahoo Finance is one of the most visited business destinations on the Internet and CNBC is the dominant business news cable channel.

Yahoo is no stranger to striking alliances with media companies and this partnership furthers its ambitions to become one of the top destinations for news and entertainment. For instance, it has a deal with Walt Disney Co's (DIS.N) ABC News to use its content and jointly produce journalism projects.

The alliance with CNBC is a way to extend both Yahoo's and CNBC's audiences across the Internet and entice advertisers to pay premium prices. CNBC and Yahoo Finance have a combined unduplicated online audience of more than 40 million people, according to comScore data.

"We have really high quality audiences and we have great content," said Kevin Krim, general manager of CNBC Digital.

Neither Krim nor Barrett would go into the terms of the multi-year deal but they said it included a share in revenue from advertising.

Yahoo and CNBC said they will maintain their relationships with other media companies. Yahoo, for instance, has partnerships with Reuters, the Associated Press and Dow Jones.

Comcast Corp (CMCSA.O) controls CNBC.

(Reporting By Jennifer Saba; Editing by Richard Chang)
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Comments (2)
wookieman73 wrote:
Why should this surprise anyone.
Yahoo’s journalism/blogging/whatever you want to call it has steadily been declining in quality for the last few years.

Now they’re linking up with the cartoony, bottom feeders at CNBC.

Seems like a perfect match to me.

Jun 13, 2012 12:16pm EDT  --  Report as abuse
coldsudz wrote:
CNBC is a Sociaist network carved out of platic for Left wing loons. Nobody watches that TV network and the other commie station MSNBC or farout liberal lefty CNN (commie news network). They hate thid country the way it is. They should move to Pakistan or Iran or any A-rab sand pit. Yahoo is no longer my home page. I’ll choose FOX or AOL.
Peace

Jun 13, 2012 3:04pm EDT  --  Report as abuse
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