CNBC Cancels World Business After Reports Producers Took Payment For Coverage
According to a report in POLITICO, CNBC has ended its weekend international show World Business, after a blog claimed the show’s independent producers, FBC Media, had a contract designed to boost the image of Malaysian politicians. FBC, a London-based production company, reportedly produced “puff pieces” as a part of the contract. “In light of serious questions raised last week, CNBC immediately initiated an examination of FBC and its business practices and has withdrawn the program World Business indefinitely,” Brian Steel, senior vice president of media relations at CNBC, told POLITICO.
World Business did not air on CNBC in the U.S., but was seen in Europe and Asia:
FBC Media, short for Fact Based Communications, was formed in 1998 as a “European-based media and entertainment group specialising in television format creation, production and distribution,” according to a cached version of its website. Its active website has apparently been taken down.
The company’s executive chairman is Alan Friedman, an American journalist who interned in the Carter White House and worked as a columnist for the Financial Times and Wall Street Journal. Last year, he wrote for The Atlantic as a special correspondent from Davos.
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