TheStreet.com could benefit from financial media M&A
The Seeking Alpha web site speculates that TheStreet.com could be an acquisition target due to interest in financial media properties in recent months as well as the growing interest in online trading. It wrote, “News Corp. bids for Dow Jones. Thompson buys Reuters. While TheStreet.com is certainly not in the same class as either of […]
What Murdoch's WSJ purchase would mean to business television
Richard Siklos of The New York Times writes for Sunday’s paper that News Corp. CEO Rupert Murdoch‘s proposal to purchase Dow Jones & Co., the parent of The Wall Street Journal, could transform business news on television as well. Siklos wrote, “If he succeeds, Mr. Murdoch will need to decide quickly how The Journal will […]
Update on CNBC investigation
CNBC issued a statement Friday afternoon about its investigation into its Million Dollar Portfolio Challenge game. In part, the statement said, “CNBC is investigating whether one or more finalists wrote and executed computer program scripts to bypass the contest’s security measures. “Additionally, some contestants were able to change their trades after the markets closed at […]
Design flaw in CNBC game led to cheating
Tim Catts of BusinessWeek writes that there was a design flaw in the CNBC stock investing game that led to cheating by some of its viewers. Catts wrote, “Several contest participants have told BusinessWeek that there was a flaw in the design of the CNBC game that allowed certain players an unfair advantage. As many […]
Stalking Rupert with the rest of the biz media
Dealbreaker.com intern Scott Bressler joined the media horde Monday afternoon outside of the midtown Manhattan building where News Corp. CEO Rupert Murdoch met with members of the Bancroft family to discuss his offer to purchase Dow Jones & Co., the parent of The Wall Street Journal, and filed a report, complete with pictures. Bressler wrote, […]
Erin Burnett is CNBC's secret weapon
Caroline Palmer of Broadcasting & Cable writes Monday about CNBC anchor Erin Burnett, whose appearance on the business news cable network has boosted its ratings and makes it more likely to withstand the competition from the new Fox Business Channel. Palmer wrote, “Burnett rises every morning at 5 a.m. and hops in a car bound […]
CNBC's Ratigan's dream job is late night TV
Marketwatch media columnist Jon Friedman writes that CNBC “Fast Money” host Dylan Ratigan would really like to be a talk show host on late night television. Friedman wrote, “Ratigan had no formal on-air training before he answered a house ad at Bloomberg, his previous employer, a decade ago. It invited employees to audition for the […]
Trouble with CNBC stock picking contest
Jonathan Berr writes on the BloggingStocks.com web site that there’s been some trouble with CNBC’s stock-picking contest that is now leading to an internal investigation that threatens to taint the business news cable network’s promotion. Berr wrote, “CNBC needs to figure out pretty quickly whether people pretending to be Wall Street wheeler dealers emulated their […]
Murdoch will walk away from Dow Jones with something
Laura Goldman, who worked on Wall Street for more than 20 years for such firms as Merrill Lynch and UBS Warburg, writes in a column syndicated by the McClatchy-Tribune News Service that News Corp. CEO Rupert Murdoch will eventually walk away from his offer to buy Dow Jones & Co., the parent of The Wall Street Journal, but only after […]
Why do people love — and hate — Jim Cramer?
“Mad Money” host Jim Cramer writes in New York magazine about the phenomenon that he has become — loved and hated at the same time for the same reasons. Cramer writes, “God knows why, but there seems to be a market for this kind of idiocy. In that first year, the ratings took off; the […]
