OLD Media Moves

CNBC reporter in relationship with investment banker

April 2, 2008

Tyler Gray of Radar magazine reports that CNBC reporter Michelle Caruso-Cabrera is dating a Wall Street investment banker while reporting on stories that he’s been involved in.

Michelle Caruso-CabreraGray writes, “Rumor has it, she’s torn a page out of fellow so-called anchor babe Maria Bartiromo‘s play book, covering the $30 billion Bear Stearns bailout while allegedly dating the man who orchestrated it, Gary Parr. He’s the deputy chairman of Lazard Frères & Co., a 50-year-old divorced dad of two who devised the plan to funnel $30 million of Fed-backed money into the tanking bank, the fifth largest on Wall Street.

“He’s the guy Bear Stearns CEO Alan Schwartz desperately dialed as he learned of the investor run on the Wall Street behemoth. He’s also a big investor in indie films, having backed Proof and At Home at the End of the World, and he’s known for wining and dining journos at premieres. But, rumor has it, Caruso-Cabrera is his favorite.

“A CNBC spokesman declined to comment on the personal life of its anchor. Asked whether CNBC has policies against its reporters dating the people they cover, the spokesperson declined to comment on internal policies, too. Whatever the pillow talk may or may not be, Caruso-Cabrera, in her defense, doesn’t seem to be going lightly on the Bear Stearns bailout. She stuck it to Mad Money yeller Jim Cramer recently, backing him into a corner with questions about whether the bailout is justified until Cramer let loose a classic blunder: ‘The American public doesn’t know jack!'”

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