Variety takes a look at CNBC
Variety reporter Michael Learmonth writes about business news network CNBC, noting that the cable network has plans to expand its evening audience. Learmonth writes, “With a hit in Jim Cramer’s ‘Mad Money’ at 6 p.m. and ‘On the Money’ at 7, [CNBC President Mark] Hoffman is now attempting to establish a beachhead at 8 by […]
Friedman: Jim Cramer has become an embarrassment
Marketwatch media columnist Jon Friedman called out “Mad Money” host Jim Cramer, calling him an embarrassment. Friedman says he has no grudge against Friedman, and that CNBC probably hates him complaining, but the time has come to speak out. Cramer was once a distraction from the typical business journalism seen on TV, but now, wrote, […]
New senior VP of biz news at CNBC
CNBC promoted Jonathan Wald to senior vice president of business news, succeeding David Friend, who left the business news channel after more than three years in that position. Wald, a former executive producer of “Today” and of “NBC Nightly News,” has been executive producer of “On the Money,” CNBC’s rising 7 p.m. weekday show that […]
Be patient with Cramer stock picks
In an interview with the Associated Press, “Mad Money” host Jim Cramer advises his watchers to be patient with the stock picks from his show. Cramer told The Associated Press he repeatedly warns his audience to steer clear of after-hours trading, when he says buyers outnumber sellers, making it easier to get burned. “The takeaway […]
New Yorker reviews Jim Cramer's "Mad Money"
There is something disconcerting about seeing a review of Jim Cramer’s “Mad Money” television show in the New Yorker. Do people who subscribe to this high-brow magazine actually watch Cramer’s antics on television and read TheStreet.com, where he writes a column? Or don’t they get all of their investment advice from their own personal stock […]
Chasing Mad Money picks
Lynn O’Shaughnessy of the Copley News Service has a story on the wire about how chasing Jim Cramer’s picks from his “Mad Money” show might not be the best thing for investors. O’Shaugnessy writes, “What the researchers documented was an eagerness by investors to swallow Cramer’s bait. The show is recorded 30 minutes after the […]
Comparing Cramer and Rukeyser
Washington Post business columnist Jerry Knight writes in Monday’s newspaper about the differences between two well-known TV business journalists — Jim Cramer and the recently deceased Louis Rukeyser. Knight wrote this about Rukeyser watchers: “As former ‘Wall Street Week’ guest Jim Grant recalled in the New York Times last week, columnist Russell Baker once described […]
TheStreet.com reports higher profits
Missed this one on Tuesday, as I was traveling, but TheStreet.com reported good first quarter earnings, including a profit, after reporting a loss in the first quarter of 2005. The improvement was partially based on higher revenue from subscriptions. The business news Web site said in its press release: — Net income for the quarter […]
SEC's decision: Subpoenas only in rare cases
The Securities and Exchange Commission decided on Wednesday that it will only subpoena journalists to gather information for its investigations in rare cases, according to published reports this morning. The SEC earlier this year had subpoenaed three reporters in its investigation into allegations against a hedge fund and a research firm for giving information about […]
Highbrow Revelry on Jim Cramer's attraction
There is a blog called Highbrow Revelry written by two unnamed men that I find entertaining. Recently, they analyzed why CNBC’s Jim Cramer is so attractive to the general population. Highbrow Revelry writes, “Thursday evening, Jim was in typical form. In the mere two hours after the markets closed, Jim and his merry band of […]
