TVNewser can report that CNBC will cease production of two long-running programs at the end of the year: Nightly Business Report and On the Money.
This has been confirmed by a CNBC spokesperson.
Neither program is particularly profitable for CNBC, and the network has decided to re-deploy resources and capital to more profitable areas of the company.
Nightly Business Report on PBS has been television’s longest-running business newscast, having premiered as a Miami regional program on Jan. 22, 1979. The program has had a number of owners over the years, with CNBC acquiring the PBS program in February 2013 and moving production of the show to its Englewood Cliffs, N.J. world headquarters. For decades NBR was co-anchored from the Miami studios of WPBT, NBR’s founding PBS sponsor.
CNBC anchor Bill Griffeth and CNBC breaking news anchor Sue Herera currently co-anchor the business newscast.
On the Money is CNBC’s half-hour weekly interview program which airs weekends in national syndication. CNBC’s production of the program will also stop at the conclusion of 2019.
On the Money launched in 1970 as Wall Street Journal Report, with former CNBC anchor Maria Bartiromo joining the program in Sept. 2004. The program was renamed The Wall Street Journal Report with Maria Bartiromo upon her arrival.
On Jan. 6, 2013, the CNBC-produced and anchored show became known as On the Money with Maria Bartiromo, after Fox purchased The Wall Street Journal from Dow Jones & Co., and the CNBC/WSJ content agreement came to an end.
Squawk Box co-anchor Becky Quick took over hosting duties for On the Money in 2014 once Bartiromo left CNBC for Fox Business.