Media Moves

CNBC goes to court against former contributor

August 27, 2007

Posted by Chris Roush

The TV Newser web site is reporting that business news cable network CNBC went to court on Mondy to prevent former “Fast Money” contributor Eric Bolling from making appearances on Fox before his non-compete agreement expires.

Eric BollingTV Newser wrote, “And we’re learning new details about how difficult it was for ‘The Admiral’ to jump ship. TVNewser has learned that NBC retained Proskauer Rose, one of the most expensive law firms in Manhattan, to go up against Bolling. In addition, sources say NBC showed up in court with a team of lawyers and even got CNBC’s VP of strategic development Susan Krakower to testify.

“Sources say Bolling lost his argument in court, and cannot enter into a contract until his CNBC non-compete expires. And while his last appearance on CNBC was August 21, he showed up on Fox News Channel the next day, which means he may be able allowed to do one-time appearances.

“So, is CNBC worried about losing their talent to FBN? In confirming Bolling’s departure, CNBC spokesman Kevin Goldman told Howard Kurtz, ‘we’re not worried about their poaching.'”

Read more here. Meanwhile, I fielded a call Monday from the person starting Fox Business Network’s new D.C. bureau. He was looking for producers and on-air talent. They’re definitely gearing up for the Oct. 15 launch.

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