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CNBC Asia Launches "Market Wrap" Show in November with The Australian Financial Review CNBC Asia and Fairfax Business Publications (FBP), which includes The Australian Financial Review (AFR), announced today that they will jointly produce a half-hour "market wrap" report every weeknight to be broadcast by CNBC Asia. Australian Financial Review Market Wrap is a collaboration between CNBC Asia and The Australian Financial Review (AFR), Australia’s most respected business daily. The show is a wrap-up of the biggest news from the Australian stock market. Anchored out of Singapore, the half-hour show will look at the day’s winners and losers, talk to newsmakers and market movers and discuss market action with financial analysts. The AFR content for the program will be locally produced and uplinked from Australia. Mr Michael Gill, publisher and editor-in-chief of Fairfax Business Publications said, "The AFR is pleased to have an agreement with an international television news leader. This collaboration with the leading business news broadcaster in the region is consistent with the Financial Review’s developing presence and profile in Asia, and with the robust positioning of our internet site. We are initiating this project with the expectation that this new platform, reflecting our expertise in business, economic and political news, will find good acceptance in the market. The program’s time slot is prime business news viewing time in Asia. We will also gain solid television experience from CNBC Asia." CNBC Asia’s Vice President of News and Programming Mr Christopher Blackman said, "Our working together with AFR is in line with our thrust to localize the service in key markets such as Australia." "Putting together the editorial strengths of AFR and CNBC Asia will result in a show that is most relevant to our Australian viewers, and we’re delighted to include this value-added service to the localized ticker our Australian viewers already enjoy, " Mr Blackman added. Mr Fred Hilmer, CEO of Fairfax, said, "This is a very positive development for Fairfax Business Publications and its leadership position in the Australian market. This projects our distinctive content into a dynamic and growing medium. We look forward to working with CNBC Asia." Australian Financial Review Market Wrap broadcasts Mondays to Fridays at 8:00pm and repeats at 11:00pm (Sydney time) on CNBC Asia’s Australian feed. On CNBC Asia’s regional feed, the show airs at 5:00pm (Singapore/Hong Kong time). Fairfax Business Publications (FBP), an operating unit within John Fairfax Holdings Limited, is comprised of The Australian Financial Review and BRW Media, which includes BRW, Personal Investor and Shares magazines. FBP also develops editorial products for the Internet. John Fairfax Holdings [ASX:FXJ] is Australia’s leading publishing group. Its mastheads include The Sydney Morning Herald, The Australian Financial Review, The Age, The Sun Herald, and BRW. In addition, the company publishes financial and consumer magazines, and provides online and interactive services. In 1999, the company had revenues of over $1.1 billion. Fairfax, through F2, its wholly owned subsidiary for its online and interactive businesses, is Australia’s leading content provider on the Internet, with more than 1.4 million page views, per day across a network of sites including news, business and finance, sport, auctions, real estate, employment, IT, career, and city guides and directories. Launched on February 2, 1998, CNBC Asia is a service of Dow Jones & Company, publisher of The Wall Street Journal and its international edition and provider of vital world business and financial news and information; and NBC, a leading television network in the U.S. NBC is the broadcasting unit of General Electric Company (GE), one of the most profitable companies in the world. In Asia, Dow Jones & Company publishes The Asian Wall Street Journal and the Far Eastern Economic Review and provides electronic information services through Dow Jones Newswires and Dow Jones Interactive Publishing. In China, Dow Jones & Company provides the China Stock Indexes comprising the Dow Jones Shanghai Index, the Dow Jones Shenzhen Index and the Dow Jones China 88 Index. Headquartered in Singapore, CNBC Asia is available in over 16 million homes on a 24-hour basis and more than 365,000 hotel rooms across Asia. The service is distributed via satellite, cable and terrestrial broadcast networks. For more
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Fairfax > Corporate Affairs & Media Releases > Announcements > MARKET WRAP
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