Categories: OLD Media Moves

CNBC execs mad about “Wall Street Week” relaunch

CNBC executives are furious at SkyBridge Capital founder Anthony Scaramucci for re-launching iconic business program “Wall Street Week,” reports Linette Lopez of Business Insider.

Lopez writes, “The trouble started last month at SALT Las Vegas — SkyBridge’s massive hedge-fund conference. That’s when Scaramucci announced on CNBC that the firm would be restarting the show with the help of former CNBC executive Susan Krakower. Krakower developed shows like ‘Fast Money’ and ‘Mad Money With Jim Cramer.’

“Part of the issue is that CNBC executives were blindsided when they learned of the deal at SALT. Sources close to the situation told Business Insider that Scaramucci didn’t tell CNBC because he had signed a nondisclosure agreement with Maryland Public Broadcasting, his partner in the ‘Wall Street Week’ relaunch deal.

“But that excuse didn’t mollify anyone at CNBC. Executives feared the weekly show would be a competitor to their programming and were still livid at Scaramucci, who has an exclusive contributor contract with the network.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.