CNBC “Mad Money” host Jim Cramer responded to the Barron’s cover story this past week that questioned his stock picks, writes Jeff Poor of the NewsBusters site.
The motives behind the article have been questioned because Barron’s is part of Dow Jones & Co., which News Corp. CEO Rupert Murdoch is acquiring. News Corp. is also getting ready to launch the Fox Business Network to compete against CNBC.
Poor wrote, “‘In the face of what I … what we all think was a baseless, ugly article about me by a partner, which I found insulting to my audience and to your intelligence, I’ve been overwhelmed the past two days by words of kindness and support from you guys,â€?’said Cramer.
“Cramer referred to Barron’s as ‘a partner,’ possibly referring to the agreement between Dow Jones & Co., which publishes Barron’s and The Wall Street Journal, and CNBC. The deal allows CNBC to use Wall Street Journal content through 2012.
“Cramer mentioned media mogul Rupert Murdoch in his ‘Lightning Round’ segment, where he answers calls from viewers with questions about certain stocks.
“‘I got a lot of people [who support Cramer] that feel that way, and you know what – I don’t work for [Rupert] Murdoch,’ Cramer said.”
Read more here.
