Yahoo Finance will begin distributing a handful of CNBC clips each day, culled from the network and its sister networks as well as from its websites.
The deal represents an opportunity for CNBC to expand its slim presence on the web. The network, which reaches less than 1 million unique visitors a month online - compared to Yahoo Finance’s 13 million users - has a small web presence primarily because of its restrictive carriage deals with cable companies, according to Silicon Alley Insider.
The deal is a good first step for the network, but will still not be as useful to users as a live feed on the CNBC site would be, a move which is prohibited by the network’s cable deals. If CNBC wants to maintain its franchise in today’s online world, it may have to stand up to the cable providers.
The deal, which involves 21 different web properties, is the first of its kind for Yahoo Finance, Mediaweek points out.
Katz Media Group has added another new client, Lincoln Financial Media, and will sell ad time on the company’s 15 stations beginning immediately.
Katz also added CBS Radio and Entercom last week, picking them off from Interep’s list.
Katz has also…
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Time magazine ousted Cosmo as the top magazine for college students in this year’s Anderson Analytics fall survey.
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