03/28/2008 02:45 am ET Updated May 25, 2011

New York Times And CNBC Websites Team Up To Fight Murdoch's WSJ, Fox Business Network

CNBC and The New York Times have agreed to share material on their Web sites, uniting the main competitive targets of the News Corporation's new ventures, the Fox Business Network and The Wall Street Journal.

The deal, which takes effect Monday, will mostly involve posting Times articles and other written material on CNBC's site, and CNBC video on the Times site, the two companies said. No money will change hands.

"We have agreed to be each other's primary partners on the Web, which will strengthen both," said Vivian Schiller, senior vice president and general manager of

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