I’m not saying Sky (or its content side) is going to suffer the same death by a thousand cuts CNBC did. It does however bring into question the plans NBC has at Euronews, particularly for English language studio programmes. Surely there will now a case be made by the soon-to-be-US owners that NBC does not need to be running two 24 hour English language general news channels in Europe?
Both channels are distinctive. One is a domestic news channel for the UK and Ireland, the other is a pan-European news channel with greater emphasis on the EU and the continent. Both different markets which will benefit Comcast and their other news services.
I suspect with CNBC being a global financial news channel was felt that concentrating on Wall Street is what their audience wants rather than a whole day concentrating on the FTSE, Cac 40 and the DAX, although I remember CNBC going over to Wall Street at lunchtime anyway before a late afternoon bulletin from London.