"The rate at which people have been and probably will continue to cut the cord and not look at cable TV at all is a far, far greater strategic threat than the finer points of competition between individual cable channels.”
On average, the network featured 111 million unique visitors per month to its digital platforms, including 5.8 million unique visitors to its mobile app.
What started as a U.S. operation has grown to several different divisions as CNBC holds branches in both Europe and Asia, and also has other international affiliates.
Reaction to the news from the news media was generally drawn down party lines, with conservatives championing the move, while liberals chastised the longtime editor.
"I believe that with fierce competition that’s going on between traditional television and the newer media platforms that there’ll be a great opportunity for us to both expand our reach and get paid what we think is an appropriate reflection of our value."
"NBA All-Star is one of those moments where sports and culture collide, and getting to work with the NBA, the players and NBC Sports on what comes next is incredibly exciting."