CNBC has canceled its show World Business.
If you are not familiar with that title it’s because the show airs in Europe and Asia, not the U.S.
The show was dropped after the blog Sarawak reported that the show’s production company, British-based FBC Media, had been taking cash from Malaysian politicians in exchange for positive coverage.
CNBC spokesperson Brian Steel tells Politico that “In light of serious questions raised last week, CNBC immediately initiative an examination of FBC and its business practices and has withdrawn the program ‘World Business’ indefinitely.”
Sarawak also reported that FBC Media had produced content for CNN and the BBC though CNN tells Politico that they have never run anything but an “advertorial, clearly labelled, in commercial time.” The BBC says it will cease to run FBC content until they have thoroughly investigated.
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