CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms.
If you are familiar with the leading global business news networks, the name CNBC should not be new to you. It ranks alongside Bloomberg TV, NDTV Profit, and ET Now.
Away from the news channel, have you heard of the CNBC Pro service, and you are wondering what it is all about? In brief, we can tell you that you will gain access to a daily newsletter, live streams of CNBC programming, and video clips once you subscribe to the service.
Before you decide to invest in this program, check out the detailed review we have done below so that you can see what it has to offer.
About CNBC Pro
This is a premium service by the globally acclaimed CNBC news network. As a subscriber, you will gain access to various features such as exclusive news stories, a live stream of CNBC’s programming, a daily newsletter, and video clips.
However, we were set back slightly by the pricing, which we thought to be too steep. This is because there are some features that you could easily access through the free package, a streaming service, or a cable subscription.
Before we get to what it would cost you to subscribe to this service, let us see its main features so that you can decide whether it is worth the price tag.
Key Features of CNBC Pro
In this section, we shall discuss what you will get access to once you subscribe to the service.
1. Daily Newsletter
The first feature we shall look at is the newsletter, which the service sends out every morning. In simple terms, a newsletter is a roundup of the major news stories of the day by the network.
This tool’s main advantage is that it gives you a heads-up of the market before each trading day commences. Even better is that it may take you less than a minute to browse through it.
The stories are prefaced by a letter from one of the news network’s reporters and summarize the biggest stories for the investors.
2. CNBC Live TV
This next feature allows you to access a stream of CNBC’s live television programming. In addition to what the US broadcast television viewers are seeing, you will also get the option of viewing the network’s programming in Asia and Europe.
Note that you could always stream CNBC online with a cable subscription that features the channel. However, it may be a disadvantage to you if you are interested in the overseas market since there would be no Asian or European programming.
The network comes with other streaming services such as SlingTV, Hulu, and fuboTV.
3. Premium News Stories and Videos
Another highlight of this service is the access to premium news stories and news videos that it offers the subscribers. Most of the videos are short and last between 5-10 minutes and are mainly exclusive interviews with analysts and fund managers.
The videos are normally divided into different categories, including news, investing trends, and “Follow the Pros,” which features interviews with fund managers and prominent investors.
We noticed little or no difference between the stories and videos that you get in CNBC pro and the free service. A closer look would tell you there are no topics or writers specific to the paid service.
When it comes to customization, we felt that it was a major let down by the service. CNBC Pro does not allow you to customize the platform as per your preference.
So, if you wanted to set up alerts for stories on specific companies, select market selectors, or use a watchlist to tailor your news feed, you may be disappointed with the service.
The Pricing Tiers
It will cost you $29.99 per month or $299.99 per year to access the features that CNBC Pro offers. On top of that, you could sign up for the 7-day free trial so that you can decide whether the service is worth investing in or not.
Platform Differentiators for The Service
From what we have seen, there is little that sets apart the premium service (CNBC Pro) from the free service (CNBC.com). The highlight of this service is the live stream of the network’s television programming, but you could also access this through other streaming services or cable providers that contain the channel.
However, the analysis offered by expert business reporters is not something that is guaranteed with other business news networks out there.
Who is Best Suited for this service?
A close analysis of the content that CNBC offers would tell you that the network mainly focuses on medium-term market trends. So, if you are an active investor dedicated to carrying out your own research, this service may be perfect for you.
Further, any short or medium-term investor who is yet to access CNBC live stream through any other service may also find CNBC Pro to be very useful.
Pros and Cons
This is an amazing service that may be a worthwhile investment. However, it has its own share of drawbacks. In this section, we shall state the advantages and disadvantages of the service in brief.
CNBC is one of the leading business news networks globally, so there is no reason to doubt the legitimacy of any service related to the network. With CNBC Pro, you can access features such as a daily newsletter and exclusive news stories and videos.
However, we feel that the $299.99 per year subscription plan is too steep. This is because you can access some of these features via CNBC TV or other similar services such as Benzinga or Hulu.
You could always complement what this service offers with other platforms such as Motley Fool Stock Advisor to get more value out of it.
So, if you feel like this service has more to offer than what the channel on your cable subscription package does, go for it. Maybe the information you get here may give you an edge over other investors in your sector of interest.
Blake is a self-made online day trader with a knack for adventure. On his free time, he loves reading and learning new methods in the trading as well as improving his jiu-jitsu skills. He currently resides in New York City.