Categories: OLD Media Moves

Cramer responds to Barron's article

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 â€¦ 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, Iâ€™ve been overwhelmed the past two days by words of kindness and support from you guys,â€?’said Cramer.

“Cramer referred to Barronâ€™s as ‘a partner,’ possibly referring to the agreement between Dow Jones & Co., which publishes Barronâ€™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 â€“ I don’t work for [Rupert] Murdoch,’ Cramer said.”

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.