The litigation that followed CNBC show “The Profit”
Nicole Einbinder and Dakin Campbell of Business Insider write about former CNBC show “The Profit,” which resulted in multiple lawsuits and $11 million in payouts. Einbinder and Campbell report, “‘The Profit’ first aired in July 2013, part of an attempt by CNBC — NBCUniversal’s business news channel — to find programming for the after-market hours. “The idea was […]
CNBC’s Cramer drops F-bomb about economy
CNBC anchor Jim Cramer uttered an expletive on the air earlier this week while commenting about the economy, reports Gabriel Hays of Fox News. Hays reports, “Cramer blurted out ‘What the f—!’ during a segment of CNBC’s ‘Squawk on The Street’ after seeing a graphic detailing the United States’ recent trade deals with various countries, including a major trade […]
Fox Business sees slight decline, still tops CNBC
Fox Business Network reported a slight decline in viewers in July compared to the second quarter of the year, but it still tops rival CNBC in Nielsen ratings. It had an average of 124,000 total viewers in July, down from an average of 137,000 total viewers in the second quarter. CNBC had an average of […]
Former CNBC correspondent Gamble joins IMI
Hadley Gamble, former CNBC international correspondent, has been hired by IMI as chief international anchor. IMI, based in Abu Dhabi, has media brands including The National, Sky News Arabia, CNN Business Arabic, and Al-Ain News. “I am excited to be joining a media group with global reach and a clear editorial vision across its media […]
NY Post: Bezos eyes buying CNBC
Amazon billionaire Jeff Bezos has been weighing a possible acquisition of CNBC, reports Alexandra Steigrad of The New York Post. Steigrad reports, “The 61-year-old e-commerce magnate has signaled interest to business associates in buying the cable network — home to ‘Squawk Box’ and ‘Mad Money with Jim Cramer’ — after it is spun off by NBCUniversal parent […]
Pensions & Investments hires CNBC’s Pound
Pensions & Investments, a Crain publication, has hired Jesse Pound as an asset management reporter. Pound has been at CNBC covering market-beating fund managers and investing trends. He has worked at CNBC since June 2019, first as a newsroom fellow and then as part of the markets team. He got his master’s degree in finance from Villanova […]
Vega departs CNBC for Warner Brothers
CNBC Make It reporter Nicolas Vega has left the news organization for an internal communications position at Warner Brothers. Vega covered entertainment and pop culture for CNBC Make It. He was previously a money reporter at Make It and covered the tech industry at the New York Post for four years. He also interned at Business Insider. […]
New CNBC editorial leadership signals strategy shift
The hiring of Barron’s editor in chief David Cho to be the new editor in chief at CNBC signals a changing strategy shift for the business news network, according to insiders. President KC Sullivan, who took over CNBC nearly three years ago, has been pushing a strategy of adding website verticals, sponsorships and a direct-to-consumer approach. Sullivan […]
CNBC’s Colarusso: We kept markets and investors honest
CNBC senior vice president of business news Dan Colarusso sent out the following on Thursday: As you know by now, CNBC is making some organizational changes and as a result I’ll be leaving the company. CNBC is a powerhouse news operation – a machine that keeps markets and investors honest in ways great and small each day. […]
CNBC’s Yarow on departure: Proud of digital’s growth
CNBC senior vice president of digital Jay Yarow sent out the following to his staff on Thursday: As you have likely seen, CNBC has made some changes and as a result I will no longer be a part of the company. (If you haven’t seen, check your email?) While I am disappointed to be leaving the […]
