updated 2/7/2005 3:57:01 PM ET 2005-02-07T20:57:01

CNBC Inc. said Monday it has promoted Pamela Thomas-Graham, 41, to chairman from president and chief executive. The 24-hour business-news cable network named Mark Hoffman, 47, as president. The position of chief executive won't be filled.

Hoffman, who had previously worked at CNBC as a producer, most recently was president of The NBC Television Network's New Britain, Conn., television station, WVIT.

Hoffman will report to Jeff Zucker, president of NBC Universal Television Group, and Graham.

Graham will continue to report Robert Wright, chairman of NBC Universal and a vice chairman of its parent, General Electric Co.

CNBC, based in Englewood Cliffs, N.J., is owned by NBC. Dow Jones & Co., the New York-based publisher of The Wall Street Journal, has a 50 percent interest in CNBC Europe and CNBC Asia. (MSNBC is a joint venture of Microsoft and NBC, which is a GE company.)

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