CNBC Begins Construction On Multimillion-dollar State-of-the-Art Global Headquarters; Governor Christine Todd Whitman Joins CNBC Executives To Commemorate Groundbreaking.Business Editors FORT LEE, N.J.--(BUSINESS WIRE)--Nov. 21, 2000 CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. , the global leader in business news, began construction today of its new, multimillion-dollar, state-of-the-art global headquarters. The headquarters, which will be built on a 22-acre plot in Englewood Cliffs, N.J., will house a high-tech newsroom capable of monitoring the global economy by capturing real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. from 44 financial markets around the world. CNBC held a ceremony today to commemorate the groundbreaking, hosted by CNBC anchor Sue Herera Sue Herera is a television reporter for the CNBC financial television network. She is a graduate of California State University, Northridge. She was hired by General Electric's legendary CEO Jack Welch to work at NBC as the very first employee of CNBC. and Bill Bolster, president of CNBC. New Jersey Governor Christine Todd Whitman and Mayor Joe Parisi of Englewood Cliffs also participated in the ceremony. "Since its launch 11 years ago, CNBC has grown to become the global leader in financial and business news, providing real-time financial market coverage to more than 160 million homes worldwide," said Bill Bolster, president, CNBC. "Our new Englewood Cliffs site will be a global financial destination, linking CNBC's European headquarters in London and our Asia headquarters in Singapore." Commenting on the new facility, Governor Whitman said, "We are delighted that CNBC has made a commitment to build and own a global headquarters in Englewood Cliffs, New Jersey Englewood Cliffs is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 5,322. The borough houses the world headquarters of CNBC and the American headquarters of Unilever. . As a world leader of information, technology and finance, CNBC brings enormous strength to New Jersey's business community and the competitive environment in our state. We look forward to CNBC's continued active involvement as a dynamic member of New Jersey's corporate culture." CNBC's new headquarters will be part of the corporate corridor on Sylvan sylvan emanating from or pertaining to woods. See also sylvatic. Avenue in Englewood Cliffs often referred to as "the million-dollar mile." Other prominent companies in the area include Lipton, Best Foods and Conopco. The new headquarters, which will house CNBC, CNBC.com and NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. Cable Affiliate Sales, will be built in two phases. Phase one will be a 300,000-square-foot building that will include three studios totaling 25,000 square feet in a column-free 35-foot-high space; 40,000 square feet of technical support space; high-tech conference and meeting rooms; a fitness center; a dining facility; employee lounges and a heliport heliport, airport designed exclusively for helicopter traffic. . Phase two will encompass an additional 200,000 square feet of office space and will be developed to support CNBC's growth as needed as needed prn. See prn order. . The new headquarters will house more than 700 employees. CNBC's global headquarters is currently located in Fort Lee, NJ. The company plans to move to its new facilities in August of 2002. CNBC is the recognized global leader in business news, providing real-time financial market coverage and business information to more than 160 million homes worldwide, including more than 77 million households in the United States and Canada. The network's Business Day programming (weekdays from 5 a.m.-8:00 p.m. ET) is produced at CNBC's headquarters in Fort Lee, NJ, and also includes reports from CNBC news bureaus in Midtown Manhattan, the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , Washington, Chicago, Los Angeles, Palo Alto, London and Singapore. CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing CNBC.com. |
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