Asia’s CNBC, ABN in talks

HONG KONG — After several years as sometimes acrimonious competitors, Asia’s money-losing business news channels CNBC and ABN are huddling over a deal that would see them combine operations.

“Nothing’s been signed yet,” said Asia Business News spokeswoman Jane Scholes. “I know discussions are going on, but there’s no deal.”

On behalf of NBC Asia, spokeswoman Irena Masiulanis offered a “no comment” as well as an acknowledgment that the rumor mill is firing on all cylinders.

There is no word whether a deal would put one station out of business or merge the two channels, which now compete head-to-head in most markets.

NBC Asia, a unit of NBC, has 250 employees and operates the CNBC business channel and an NBC entertainment channel from its Hong Kong headquarters. The 24-hour channels are distributed via satellite, cable and terrestrial outlets in all of Asia’s major markets.

The business channel went on the air in June 1995 and claims to reach more than 35 million households.

ABN, which is headquartered in Singapore, recently marked its fourth anniversary, so it promotes itself as the more established of the duo.

ABN claims that it can be received by 20 million households in Asia and 7.5 million cable households in the U.S. via the International Channel.

Dow Jones & Co. and TCI jointly own ABN.

More TV

  • Durban 2018 Panel on Sexual Harrasment

    For Black Women in South African Film Biz, Equality Still a Struggle

    HONG KONG — After several years as sometimes acrimonious competitors, Asia’s money-losing business news channels CNBC and ABN are huddling over a deal that would see them combine operations. “Nothing’s been signed yet,” said Asia Business News spokeswoman Jane Scholes. “I know discussions are going on, but there’s no deal.” On behalf of NBC Asia, […]

  • Anthony Anderson

    Anthony Anderson Under Criminal Investigation, Disputes Woman's Claims of Assault

    HONG KONG — After several years as sometimes acrimonious competitors, Asia’s money-losing business news channels CNBC and ABN are huddling over a deal that would see them combine operations. “Nothing’s been signed yet,” said Asia Business News spokeswoman Jane Scholes. “I know discussions are going on, but there’s no deal.” On behalf of NBC Asia, […]

  • 'Marvel's Cloak & Dagger' Renewed for

    'Marvel's Cloak & Dagger' Renewed for Season 2 at Freeform

    HONG KONG — After several years as sometimes acrimonious competitors, Asia’s money-losing business news channels CNBC and ABN are huddling over a deal that would see them combine operations. “Nothing’s been signed yet,” said Asia Business News spokeswoman Jane Scholes. “I know discussions are going on, but there’s no deal.” On behalf of NBC Asia, […]

  • Frances McDormand Oscar theft

    Amazon Showrunners Panel: Frances McDormand Will Star as God in 'Good Omens'

    HONG KONG — After several years as sometimes acrimonious competitors, Asia’s money-losing business news channels CNBC and ABN are huddling over a deal that would see them combine operations. “Nothing’s been signed yet,” said Asia Business News spokeswoman Jane Scholes. “I know discussions are going on, but there’s no deal.” On behalf of NBC Asia, […]

  • Amazon Studios SDCC Roundup: Teaser Trailers,

    Amazon Studios SDCC Roundup: Teaser Trailers, Casting, Release Dates

    HONG KONG — After several years as sometimes acrimonious competitors, Asia’s money-losing business news channels CNBC and ABN are huddling over a deal that would see them combine operations. “Nothing’s been signed yet,” said Asia Business News spokeswoman Jane Scholes. “I know discussions are going on, but there’s no deal.” On behalf of NBC Asia, […]

  • Buffy the Vampire Slayer

    'Buffy the Vampire Slayer' TV Reboot in Development From Joss Whedon, Monica Owusu-Breen

    HONG KONG — After several years as sometimes acrimonious competitors, Asia’s money-losing business news channels CNBC and ABN are huddling over a deal that would see them combine operations. “Nothing’s been signed yet,” said Asia Business News spokeswoman Jane Scholes. “I know discussions are going on, but there’s no deal.” On behalf of NBC Asia, […]

  • Iron Fist

    TV News Roundup: Marvel's 'Iron Fist' Gets Season 2 Premiere Date on Netflix

    HONG KONG — After several years as sometimes acrimonious competitors, Asia’s money-losing business news channels CNBC and ABN are huddling over a deal that would see them combine operations. “Nothing’s been signed yet,” said Asia Business News spokeswoman Jane Scholes. “I know discussions are going on, but there’s no deal.” On behalf of NBC Asia, […]

More From Our Brands

Access exclusive content