CNBC has decided not to cover the SALT investment conference after its founder Anthony Scaramucci has decided to relaunch “Wall Street Week” with the help of two former CNBC employees, reports Linette Lopez of Business Insider.
Lopez writes, “SkyBridge founder Anthony Scaramucci parted ways with CNBC last summer. A former contributor to the network, his contract was left to lapse after he announced that he’d purchased the rights to re-air ‘Wall Street Week,’ a weekly financial news show that aired on PBS from 1970 to 2005.
“Sources say that CNBC was upset that Scaramucci didn’t disclose that he had purchased the rights to the show, even though he signed a non-disclosure agreement during the deal. It probably didn’t help that he poached star CNBC producers Susan Krakower and Raymond Borelli to produce ‘Wall Street Week’ either. Krakower created CNBC’s ‘Fast Money’ shows as well as ‘Mad Money with Jim Cramer.’
“‘I can’t comment on CNBC’s executive decisions as it is sometimes hard to know what they are thinking,’ Scaramucci told Business Insider. ‘We will miss them but welcome Bloomberg and Fox Business to SALT and look forward to breaking news there.'”
