Rebuilding TheStreet
Matthew Flamm of Crain’s New York writes Sunday about the overhaul at TheStreet.com, which includes de-emphasizing co-founder Jim Cramer and changing its name to simply TheStreet. Flamm writes, “In the past year, under CEO Daryl Otte, it has also downsized Mr. Cramer’s presence on its home page and removed him from the chairman’s seat—moves aimed […]
Cramer steps down as chair of TheStreet.com
Jim Cramer, a co-founder of TheStreet.com and host of “Mad Money” on CNBC, has stepped down as chairman of the board of the financial news site’s parent company. Cramer will remain on the board, but he’s being replaced as chair by Christopher “Woody” Marshall. Marshall is general partner at Technology Crossover Ventures, a private equity […]
Cramer forgoes salary, bonus for royalty payments
TheStreet.com founder Jim Cramer has a new, three-year employee contract that began earlier this month where he won’t be paid a salary or a bonus from the financial news site and will instead be paid a royalty fee based on the revenue produced from one of its subscription products. In addition, the host of CNBC’s […]
What Jim Cramer taught me about financial journalism
James Altucher of The Altucher Confidential writes about what CNBC “Mad Money” host Jim Cramer taught him. Here are some examples: 2) Financial Media = Entertainment. Lets not fool ourselves. Jim is first and foremost an entertainer. If you have a TV show where you wear costumes, yell at the screen, throw chairs, and interview […]
TV Week's NewsPro lists most powerful players in TV financial news
The 10 most powerful players in financial news on television were listed in the December issue of TV Week’s NewsPro magazine. Hillary Atkins writes, “CNBC is, of course, the leader in the field, but it has competitors nipping at its heels, and even some surprising competition at times from television’s longest-running newsmagazine program, ’60 Minutes.’” […]
CNBC show boosts MGM Resorts stock
Howard Stutz of the Las Vegas Review-Journal reports Tuesday that shares of MGM Resorts International rose nearly 7 percent after being touted by CNBC “Mad Money” host Jim Cramer. Stutz writes, “Shares of the casino operator closed at $12.92 on the New York Stock Exchange Monday, up 81 cents or 6.69 percent after Cramer touted […]
CNBC, Bartiromo star in latest Wall Street movie
Marketwatch.com media columnist Jon Friedman writes Wednesday that the stars of the latest Oliver Stone movie about Wall Street are CNBC and its anchor, Maria Bartiromo. Friedman writes, “If you watch the network during the day, you’ll recognize the likes of Bartiromo, Jim Cramer, David Faber, Becky Quick, Sue Herera and Melissa Lee. “The network’s […]
CNBC's viewers dropping precipitously
The StreetInsider.com site has a posting on Tuesday about the sharp decline in CNBC‘s viewership numbers. It writes, “According to data from Nielsen Media Research, CNBC has lost viewership during every hour long block during the prime market news hours from 6:00 am to 7:00 pm EDT, with the biggest overall drop seen during the […]
Consuelo Mack and investment advice on television
TALKING BIZ NEWS EXCLUSIVE Consuelo Mack is anchor and managing editor of “Consuelo Mack WealthTrack,” a weekly, half-hour public television program started in 2005 that appears on 98 stations across the country. Before developing “WealthTrack,” Mack spent more than a decade at The Wall Street Journal as the anchor and managing Editor of its weekly […]
How Dykstra used Cramer and TheStreet.com
Randall Lane, the former editor of Trader Monthly, writes about how former baseball player Lenny Dysktra used his friendship with TheStreet.com co-founder Jim Cramer to make it appear he was a stock-picking genius on the market news Web site and elsewhere. Lane writes, “Cramer, I am sure, had no knowledge of Dykstra’s ‘pay to plug’ […]
