New York - The New York Times (NYSE: NYT) and CNBC (NYSE: GE) on Monday announced a Web content-sharing agreement, which will consist mainly of Times articles being posted on CNBC.com and CNBC video being posted on NYTimes.com, The Times reported. No money will change hands in the deal, which is seen as bolstering both companies' offerings in light of increased competition from News Corp.'s Wall Street Journal and Fox Business Channel. "We have agreed to be each other's primary partners on the Web, which will strengthen both," Vivian Schiller, senior vice president and general manager of NYTimes.com, told The Times.

Related Links:
http://www.nytimes.com/2008/01/07/business/media/07paper.html