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CNBC

CBS’ Les Moonves Surprised by Comcast-Time Warner Cable Deal

FaberMoonvesCNBC’s David Faber continues on the media beat today. In addition to his interview with his boss’s boss’s boss’s boss, Comcast CEO Brian Roberts, about the company’s proposed acquisition of Time Warner Cable, Faber just wrapped up an interview with CBS Corp. CEO Les Moonves.

“I think everybody was pretty surprised by what happened,” says Moonves about the Comcast-TWC deal.”Everybody thought they were in Sochi, and here they were making a huge deal.”

“We’re still looking at the ramifications but we have a wonderful relationship with all the terrific people at Comcast and if this goes through, we look forward to working with them.”

Moonves came out on the winning end of a fight with Time Warner Cable last year. He was booked on CNBC to talk about CBS’s Q4 earnings report. CBS had revenue of $3.9 billion, up +6%.

“I think Comcast appreciates the value of our content and will pay appropriately for it,” Moonves says.

With TWC Deal, Comcast Says it Will Build on ‘Extraordinarily Successful Acquisition of NBCU’

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Comcast is wasting no time pressing forward with its $42.5 billion acquisition of Time Warner Cable. We’ve assembled three separate documents the company released this morning: a press release announcing the deal, a public interest benefits summary and a document called “Day One Undertakings” from Comcast EVP David Cohen, who is the company’s chief lobbyist in Washington, DC.

In that note Cohen cites the 2011 acquisition of NBCU: “Comcast intends to build on our extraordinarily successful acquisition of NBCUniversal, and our unparalleled record of keeping our promises to bring new benefits to consumers in prior acquisitions,” Cohen writes.

All three memos are after the jump…

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Comcast CEO to CNBC: Time Warner Cable Deal is ‘Pro-Consumer’

comcast_new_peacock_logoCNBC’s David Faber was first with the news last night that his network’s parent company Comcast, was acquiring Time Warner Cable, (which was once part of Time Warner and its portfolio of networks including CNN and HLN.)

This morning, Faber was also first with an interview with Comcast CEO Brian Roberts, who says the $45.2 billion deal “is pro-competitive and pro-consumer,” and will provide “better products, faster Internet, more channels, in a national-local platform that’s really special.” (Video after the jump)

Roberts says because the second largest pay TV service, satellite service DirecTV, is already national, he’s convinced a combined Comcast and TWC should pass muster with regulators. “Cable is this older system that is very local,” he tells Faber.

While adding the lucrative home and business markets of New York City, Los Angeles and Dallas, Comcast says it will divest some systems and shed about 3 million subscribers, bringing the combined total to around 30 million. They hope to close the deal by the end of the year.

In December, Time Warner Cable and Comcast were in a dust-up as the Time Warner system in Massachusetts, Maine and New Hampshire announced plans to drop the Comcast-owned NECN cable network, only to reverse course 10 days later.

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CNBC’s Larry Kudlow Nominates Roger Ailes For ‘CNBC First 25′

Well this is interesting.

As part of celebrating its 25th anniversary, CNBC annoucned it will be compiling the “CNBC First 25,” what it calls “a definitive list of people who have had the greatest influence, sparked the biggest changes and created the most disruption in business over the past quarter century.”

CNBC’s Larry Kudlow thinks Fox News co-founder and chairman Roger Ailes fits the bill. Last night on his show, Kudlow nominated Ailes, who ran CNBC in the early 1990s, but is now a fierce competitor.

“Mr. Ailes has broken the dominance of the mainstream media which always tilts left,” said Kudlow. “He is also unapologetic whenever he ruffles anybody’s feathers.” WATCH:

Here’s the criteria to be one of the “CNBC First 25.”

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CNBC Kicks Off 25th Anniversary Celebration

CNBC 25CNBC kicks off its 25th anniversary celebration today by announcing its nominees for “CNBC First 25,” a list of people who have had the greatest influence in business since the network launched in 1989.

The network announced a list of 200 nominees today, compiled by CNBC’s top editors with the help of an outside advisory board. Viewers can vote on which nominees will make it to the final list of 25 people.

Tyler Mathisen will report on the network’s anniversary and the list of nominees throughout the day today on CNBC. The final list will be revealed in April, the month that the network celebrates its actual anniversary.

Business Networks Live From Davos

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The World Economic Forum annual meeting is underway in Switzerland, and all three business networks have correspondents in Davos for the week.

Liz Claman is in Davos for FBN. Claman will interview several executives, including the CEOs of Aetna, NASDAQ, Citigroup and Coca-Cola. Also in Davos this week: Maria Bartiromo, who is expected to join FBN next month. Bartiromo will moderate a panel discussion Thursday.

Bloomberg TV has several correspondents at the forum: Francine Lacqua, Tom Keene, Erik Schatzker, Stephanie Ruhle and Hans Nichols.

Andrew Ross Sorkin is in Davos for CNBC. Becky Quick and Joe Kernen will join him tomorrow and the three will host “Squawk Box” live from Switzerland this week.

‘Shark Tank’ Reruns Deliver CNBC’s Best Primetime Since 2008

cnbc shark tankAfter months of tinkering with different programming and entertainment shows, CNBC may have finally found the solution to boosting its primetime ratings: airing re-runs of a popular reality show.

With “Shark Tank” Tuesday night, the network delivered its best primetime audience since 2008 in total viewers and since 2010 in A25-54 viewers. CNBC recently acquired the off-network cable rights to the hit ABC show and aired four episodes from 8pm-Midnight Tuesday.

CNBC averaged 596,000 total viewers and 299,000 A25-54 viewers from 8 to 11pmET (see how the other cable news networks did on Tuesday’s scoreboard). The 9pmET hour posted the highest numbers, tallying 685,000 total viewers and 365,000 A25-54 viewers, the most watched CNBC telecast in more than three years.

“Shark Tank,” which will air as a four-hour block Tuesday nights, features Lori Greiner, who talked about her role on the show with MediabistroTV:

CNBC Apologizes For Airing Song With Offensive Lyrics

CNBC’s Kelly Evans apologized to viewers yesterday after a song that included the N-word aired during a tease. “We accidentally aired a piece of music this hour during a tease with inappropriate lyrics. That obviously should not have been on the air, and we deeply apologize for that and for any offense it may have caused,” Evans said. Watch:

CNBC’s ‘American Greed’ Leads to Fugitive Capture

cnbc american greedThe FBI has captured one of its most-wanted white collar criminals thanks to a recent episode of CNBC’s “American Greed.”

David Kaup, who has been on the run since he confessed to defrauding more than 50 families of $11 million in mortgage refinance scams, was arrested last week in Las Vegas. Kaup was featured on the November 14 episode of “American Greed.”

“We got a tip from somebody that saw the show,” James Bowman, assistant U.S. attorney for California’s central district, told CNBC. “They let us know he was in Las Vegas and using a different name. Based on that, we were able to figure out where he was.”

Why Biz Network Ratings Continue to Slide

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The Wall Street Journal takes stock of the three TV business networks and sees that their fortunes are sagging.

In the third quarter, CNBC, the dominant business-news channel, hit a 20-year low in its target demographic of adults 25 to 54 years old. (CNBC’s gross advertising revenue is down 4% to $251.6 million since last year, according to SNL Kagan.) Six-year-old Fox Business Network remains on a long-term growth trajectory, but its average total daytime audience has declined from last year — to 58,000 from 71,000 — and has fallen short of some media buyers’ expectations. Bloomberg LP, meanwhile, is rethinking the business model of its TV channel, having failed to turn a profit or draw more than 10% of the audience for TV business news despite being on the air for nearly two decades.

Why is this happening? Reporters Keach Hagey and William Launder write that, beyond online and streaming competition, “business television has faced the added challenge that individual investors are fleeing the stock market as an increasing amount of trading is done by institutional investors and algorithms.”

“I think there are all sorts of places you can get stock prices,” said Kevin Magee, the executive vice president of Fox Business Network. “Aside from that, there is general unhappiness with the economy these days, and it isn’t always fun to watch news that’s bad.”

Other highlights from the article…

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