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.

CNBC's Julia Boorstin attended our Digital Music Forum West last week at the Hollywood Roosevelt.  Check out her coverage here, and scroll to the bottom for her video report and interview with the President of Starbucks Entertainment, Ken Lombard.

Englewood Cliffs, N.J. - Financial news cable network CNBC has announced the launch of its first CNBC.com Million Dollar Portfolio Challenge, a stock-picking contest where participants invest a virtual million dollars for the chance to win a $1 million grand prize. Players can use CNBC.com tools that screen stocks, funds and earnings to help pick which companies to invest in, and earn bonus money by answering questions based on on-air news and interviews. In addition to the $1 million for the top-performing portfolio, weekly winners will receive a $10,000 prize.