CNBC Begins Construction On Multimillion-dollar State-of-the-Art Global
Headquarters; Governor Christine Todd Whitman Joins CNBC Executives To
Commemorate Groundbreaking
Business Editors
FORT LEE, N.J.--(BUSINESS WIRE)--Nov. 21, 2000--CNBC, the global
leader in business news, began construction today of its new,
multimillion-dollar, state-of-the-art global headquarters.
The headquarters, which will be built on a 22-acre plot in
Englewood Cliffs, N.J., will house a high-tech newsroom capable of
monitoring the global economy by capturing real-time data from 44
financial markets around the world.
CNBC held a ceremony today to commemorate the groundbreaking,
hosted by CNBC anchor Sue Herera and Bill Bolster, president of CNBC.
New Jersey Governor Christine Todd Whitman and Mayor Joe Parisi of
Englewood Cliffs also participated in the ceremony.
"Since its launch 11 years ago, CNBC has grown to become the
global leader in financial and business news, providing real-time
financial market coverage to more than 160 million homes worldwide,"
said Bill Bolster, president, CNBC. "Our new Englewood Cliffs site
will be a global financial destination, linking CNBC's European
headquarters in London and our Asia headquarters in Singapore."
Commenting on the new facility, Governor Whitman said, "We are
delighted that CNBC has made a commitment to build and own a global
headquarters in Englewood Cliffs, New Jersey. As a world leader of
information, technology and finance, CNBC brings enormous strength to
New Jersey's business community and the competitive environment in our
state. We look forward to CNBC's continued active involvement as a
dynamic member of New Jersey's corporate culture."
CNBC's new headquarters will be part of the corporate corridor on
Sylvan Avenue in Englewood Cliffs often referred to as "the
million-dollar mile." Other prominent companies in the area include
Lipton, Best Foods and Conopco.
The new headquarters, which will house CNBC, CNBC.com and NBC
Cable Affiliate Sales, will be built in two phases. Phase one will be
a 300,000-square-foot building that will include three studios
totaling 25,000 square feet in a column-free 35-foot-high space;
40,000 square feet of technical support space; high-tech conference
and meeting rooms; a fitness center; a dining facility; employee
lounges and a heliport. Phase two will encompass an additional 200,000
square feet of office space and will be developed to support CNBC's
growth as needed.
The new headquarters will house more than 700 employees. CNBC's
global headquarters is currently located in Fort Lee, NJ. The company
plans to move to its new facilities in August of 2002.
CNBC is the recognized global leader in business news, providing
real-time financial market coverage and business information to more
than 160 million homes worldwide, including more than 77 million
households in the United States and Canada. The network's Business Day
programming (weekdays from 5 a.m.-8:00 p.m. ET) is produced at CNBC's
headquarters in Fort Lee, NJ, and also includes reports from CNBC news
bureaus in Midtown Manhattan, the New York Stock Exchange, Washington,
Chicago, Los Angeles, Palo Alto, London and Singapore. CNBC viewers
can manage their individual investment portfolios and gain additional
in-depth information from on-air reports by accessing CNBC.com.
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CONTACT: CNBC
Paul Capelli, 201/346-2100
Amy Gross, 201/346-5813
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: TELEVISION/RADIO PUBLISHING
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