CNBC (an abbreviation for the "Consumer News and Business Channel", its official name until 1991) is a group of cable and satellite television business news channels from the U.S., owned and operated by NBC Universal. CNBC and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers around the world. The network is currently ranked as the 19th most valuable cable channel in the U.S., worth roughly $4 billion.

The CNBC channel originally had its beginnings around 1980 as The Satellite Program Network (SPN), showing a low-budget mix of old movies, instructional & entertainment programs, and infomercials. The channel later changed its name to Tempo Television. After initially signing a letter of intent to acquire Tempo,[4] NBC eventually opted for a deal to lease the channel's transponder in June 1988.[5] On this platform, the channel was relaunched on April 17, 1989 as the Consumer News and Business Channel. NBC and Cablevision initially operated CNBC as a 50-50 joint venture,[6] choosing to headquarter the channel in Fort Lee, New Jersey. The newsroom at CNBC headquarters, also used to host Power Lunch. The newsroom at CNBC headquarters, also used to host Power Lunch.

CNBC had considerable difficulty getting cable carriage at first, as many providers were skeptical of placing it alongside the longer-established Financial News Network. By the winter of 1990, CNBC was only in 17 million homes - less than half of FNN's potential reach - despite having the muscle of NBC standing behind it.[7]

However, around this time, FNN encountered serious financial difficulties. After a protracted bidding war,[7] CNBC merged with FNN in May 1991, and the name "Consumer News and Business Channel" was dropped.[8] Cablevision sold its 50% stake to NBC upon completion of the deal.[9] At first, the network's business programming was branded "CNBC/FNN," but that was dropped before the mid-90's.

CNBC began to grow during the 90's, launching Asian and European versions of the channel in 1995 and 1996 respectively.[10] In 1997, CNBC formed a strategic alliance with Dow Jones, including content sharing with Dow Jones Newswires and The Wall Street Journal and the rebranding of the channel as "a service of NBC and Dow Jones".[11] CNBC's international channels were then merged with their Dow Jones-owned rivals, London-based EBN (European Business News) and Singapore-based ABN (Asia Business News) in 1998,[12] while ratings grew on the U.S. channel until the new millennium's dot-com bubble burst in 2000. The front entrance of CNBC's New Jersey HQ The front entrance of CNBC's New Jersey HQ

The new millennium also brought changes to the network, moving its world headquarters from Fort Lee to Englewood Cliffs, New Jersey in 2003, which features completely digital video production and studios made by PDG Ltd of Beeston, Nottinghamshire and the FX Group of Ocoee, Florida.

NBC Universal reacquired full control of CNBC Europe and CNBC Asia from Dow Jones at the end of 2005. The licensing agreement between Dow and CNBC U.S. remained intact, however.[13]

Today, CNBC provides business news programming from 4 a.m. to 8 p.m., Eastern Time, while broadcasting talk shows, investigative reports, documentaries, infomercials, and other programs during the evening and early morning. A rolling ticker provides real-time updates on share prices on the NYSE, NASDAQ, and AMEX, as well as market indices, news summaries, and weather updates by NBC Weather Plus (prior to March 27, 2006, all of CNBC's weather reports were provided by AccuWeather). A rotating top band of the screen rotates provides real-time updates on index and commodity prices from world markets.

CNBC is the only NBC network whose abbreviation, while containing NBC, stands for another name: the Consumer News and Business Channel. The moniker was simply shortened to CNBC when the former was dropped.

Sportsbook News


Numerous College Basketball teams take final big step to March Madness betting

So, what turned on the lock spigot? Well, after what felt like weeks of teams treading water and slipping back into the bubble muck, a bunch of them finally decided to say "to heck with parity" and won games that should put them into the Big Dance.

Disagree with some of these? Then here's the challenge. Take all of the "should be ins" and make a legit case that each should be ahead of the team that's a lock. Then find 10 more teams that also should be placed in the bracket ahead of that lock team. Not so easy, is it?

If you want more evidence that these locks should be good to go, check out what our research department dug up. Since the NCAA Tournament went to 64 teams in 1985, only six teams from a "big six" conference have had a record of 10-6 or better in conference play and not been selected: Colorado (2004) and Nebraska (1999) from the Big 12, Boston College and Seton Hall (both 2003) from the Big East, Indiana (2005) from the Big Ten and UCLA, which somehow went 12-6 in the Pac-10 in 1988 and still missed out. (Note: Five teams went 11-7 and didn't get in, the latest being last season's Stanford team, which had a brutal nonconference run.)

Yes, 10 conference wins doesn't always mean what it used to because of unbalanced schedules, but this season, it should be plenty good in all but the extreme cases (see: Iowa).

In a way, this is a welcome development, because this is a bubble watch, not a lock watch. We can finally be done with teams like Maryland and Virginia Tech and start really bearing down on at-large battles such as Syracuse-West Virginia and Appalachian State-Georgia Tech.

Interestingly, all the shifting of teams into lock status appears to be more administrative than impactful. The number of remaining available at-larges didn't change one iota. The only difference is that teams on the bubble now have a clearer idea of which team(s) they are competing with for those precious bids.

The Bubble Breakdown
CONFERENCE LOCKS SHOULD BE INS AT-LARGES TAKEN
(assuming no auto bid outlier)
ACC Betting Odds 6 0 5
Big East Betting Odds 5 0 4
Big Ten Betting Odds 2 2 3
Big 12 Betting Odds 3 0 2
Pac-10 Betting Odds 5 1 5
SEC Betting Odds 4 0 3
MVC Betting Odds 1 1 1
MWC Betting Odds 2 1 2
TOTAL 28 5 25

As always, I've tried to be as inclusive as possible while only including teams that would have a reasonable chance of at least being discussed if this were Selection Sunday. If your team's not on here, there's probably a good reason (or three) -- start with the RPI and SOS numbers and work your way down.

(Please remember, per selection committee criteria, that records displayed are Division I only. Next update: Feb. 28)

If you have a legitimate grievance, or just like talking bubble, send an e-mail. Polite ones with fact-based arguments have a much better chance of receiving a response. I apologize in advance if I can't get back to all of you.

Atlantic Coast Conference

Work left to do: Clemson, Florida State, Georgia Tech

The ACC moves to six locks as BC, Va Tech and Virginia all got their 10th ACC wins, which should be more than enough this season, and Maryland rallied past North Carolina to get the final piece the Terps needed. After that? It could end there unless FSU, Ga Tech or Clemson picks things up in a hurry.

 

Work left to do:

Clemson [19-9 (5-9), RPI: 41, SOS: 42] The Tigers are closer to locking up the collapse of the year award (in a good battle with OK State) than they are to grabbing an at-large. Clemson's been very competitive, but there's no really positive way you can spin nine losses in 11 games. They now cannot get to .500 in ACC play and still must head to Virginia Tech in the season finale (after hosting Miami). Unless the Tigers win both and/or do some serious work in the ACC tourney, they very well could be left out. There are no great nonconference wins, but ODU, App State, Miss. State, South Carolina and Georgia are all respectable W's.

Florida State [18-11 (6-9), RPI: 48, SOS: 14] The Noles got thrashed at Maryland to run their losing streak to five, but then pounded NC State at home to set the table for what likely is an elimination game at Miami. You can at least make a case for the Seminoles at 7-9 in ACC play (and some work in the ACC tourney), but 6-10 is not going to cut it. Wins at Duke and over Florida will resonate, but the computer numbers remain questionable. Beyond Florida, FSU thrashed bubble buddy Providence, but there's not a ton beyond those two games that will help. They didn't show well in big-time opportunities against Pitt and Wisconsin (before the Florida win).

Georgia Tech [18-10 (6-8), RPI: 51, SOS: 46] The Jackets beat Wake on Wednesday but couldn't get it done at UVa on Saturday, which could be a crucial loss with UNC and BC (both at home) remaining and 8-8 almost a certain need for at-large consideration. A nonconference win over Memphis helps, but the RPI and SOS are not at-large quality right now; if you combine those with a sub-.500 ACC mark, that could spell NIT for GT.

For more College Basketball betting lines go to MySportsbook.com

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