CNBC Wins Gerald Loeb Awards for Distinguished Business and Financial Journalism

CNBC, First in Business Worldwide, today received two Gerald Loeb Awards for Distinguished Business and Financial Journalism, which recognize journalists who make significant contributions to the understanding of business, finance and the economy. The awards were presented by the UCLA Anderson School of Management today in a dinner ceremony held at Capitale in New York City.

"We are honored to be recognized with two prestigious Gerald Loeb Awards," said Mark Hoffman, President, CNBC. "These awards reinforce not only CNBC's commitment to providing unparalleled coverage of the big business stories, but is a testament to the quality of work the CNBC team continues to produce each and every day."

CNBC's "House of Cards," a CNBC Original reported by CNBC's award-winning correspondent David Faber that uncovers the reasons behind the greatest financial collapse since the Great Depression, won in the category of Television Enterprise for outstanding in-depth coverage of a business news story. CNBC's Mitch Weitzner is executive producer and additional credits include producers James Jacoby and Jill Landes, senior producer James Segelstein lead editor Patrick Ahearn and editor Lisa Orlando.

CNBC also received a Gerald Loeb award for its coverage of Bernard Madoff's massive ponzi scheme that captivated the world and devastated thousands of investors. "The Madoff Scandal," reported by CNBC senior correspondent Scott Cohn, and CNBC reporter Mary Thompson, won in the category of Television Breaking News for exemplary coverage of a breaking news story. Additional credits include coordinating producer Courtney Ford and producers Wally Griffith and Molly Mazilu.