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CNBC, the cable business news network, has signed a deal with Yahoo to distribute video clips and articles on Yahoo Finance. For those of you not familiar with CNBC, essentially it provides wall-to-wall coverage of stories shaping the stock market, complete with dozens of talking heads and interviews with Wall St. analysts. The network also has a number of shows after market hours such as their #1 “Mad Money w/ Jim Cramer.”
Generally, CNBC serves as the background noise for my day. As a tech blogger, there isn’t a whole lot of juicy information I get from it, other than the occasional breaking news story such as Microsoft’s investment in Facebook a couple months ago. Back when I worked in a corporate office with no TV, I thought CNBC could make a killing by offering a streaming version to cubicle dwellers all over the country, but alas, as Alley Insider points out, the network still makes most of its money from the cable providers paying them for the rights to carry the network.
There’s nothing too exciting here, but the deal does add more video content to Yahoo Finance, which continues to maintain its position as the #1 site in the category. In other Yahoo Finance news, the company announced on Monday plans to launch a section specific to tech investors.