CNBC’s Dow Jones Deal: “Firm & Binding”

The Financial Times writes about the terms of the CNBC/Dow Jones contract:

> “Only CNBC has the right to terminate, according to people familiar with the terms.”

> “Privately, officials noted CNBC has a contract with the Journal that runs through 2012, calling it ‘firm and binding.'”

> “GE officials indicated they planned to stick to the ‘ironclad’ exclusive agreement. People close to GE said the company had no intention of negotiating a deal that would beef up a channel specifically designed to attack CNBC’s dominance of US business television news.”