Joe Flint of the Los Angeles Times talked to new Fox Business Network senior correspondent Charles Gasparino and his boss, executive vice president Kevin Magee, about his switch from CNBC.
Flint writes, “Gasparino, 47, said he was leaving General Electric Co.’s CNBC for the upstart Fox Business Network because he ‘wants to be part of something that could do something great.’ He said that he wants to be part of something new. Though he harbors no ill will toward CNBC, he did say his job at Fox Business is to ‘beat the hell out of the competition.’ Asked why he hadn’t been on CNBC’s air since early December, he said, ‘I was trying to figure out whether I wanted to stay or go.’
“Gasparino will make his debut on Fox Business next week and will also pop up on the Fox News Channel as well. Terms of Gasparino’s deal were not disclosed, but it is a wee bit north of $1 million a year, people familiar with the contract said.
“‘I think this is a better platform for him,’ said Kevin Magee, executive vice president of Fox Business Network. Asked if Gasparino’s role on Fox Business would be similar to that of CNBC’s hot-shot reporter David Faber, Magee said, ‘I’m sorry, who’s that?'”
Read more here.
