A New York Post item reports that the financial news network is being asked to pull back on spending by its corporate overlord, Comcast.
CNBC Europe “didn’t meet its budget for the first time in forever,” a source told the Post. Meanwhile, “Squawk On The Street,” normally broadcast from the New York Stock Exchange, was scheduled to go on a road trip—that’s been canceled. And correspondent Michelle Caruso Cabrera has been told to travel less after having spent too much time covering the Greek financial crisis.
A CNBC rep told the NYP that “CNBC has never been stronger or better and is tracking for a sixth consecutive year of record financial performance. You don’t become first in business worldwide by skimping on content and coverage.”