Categories: OLD Media Moves

Criticism of CNBC could help competitors

Marketwatch media columnist Jon Friedman writes Wednesday that the recent criticism of business news network CNBC and its coverage could help its competitors in the long run.

Friedman writes, “Fox Business, launched in October 2007, has yet to make a lasting impression on American TV-watchers. Its goal for now is to reach more households and establish a brand.

“Bloomberg TV is appreciated by fans who want their news straightforward and utterly unadorned. But overshadowed by CNBC’s noisy presentation, Bloomberg has been invisible in the big picture, possessing about as much buzz as an Ivy League basketball team competing during March Madness.

“But Bloomberg has recently been making news of its own. The company is trying hard to be a stronger player in television news. It hired Andrew Lack, who ran NBC News, to lead the network and added David Rhodes, formerly a news executive at the Fox News Channel, indicating that Bloomberg wants to be more accessible to TV audiences.

“For its part, CNBC’s ratings have declined since Stewart blasted CNBC on his show, as Portfolio.com pointed out on March 13.”

Read more here.

Recent Posts

FT taps Foy to cover European banking

Financial Times reporter Simon Foy is now covering European banks. He has been covering accounting for the…

2 hours ago

Debtwire seeks a private credit reporter

Debtwire, the leading provider of global fixed income news, analysis and data for more than…

5 hours ago

BNN Bloomberg anchor Kanwar is departing

Amber Kanwar, an anchor for BNN Bloomberg in Canada, is departing at the end of…

5 hours ago

Moody’s promotes Kantrow to editor in chief

Moody's Ratings has promoted Yvette Kantrow to senior vice president and editor in chief. She has been…

5 hours ago

Politico reporter Fieseler departs

Politico reporter Clare Fieseler is leaving the news organization to take on some ocean reporting projects. She…

5 hours ago

WSJ’s Eisen to write book about the mortgage market

Wall Street Journal reporter Ben Eisen has signed a contract with Norton to write a book about…

7 hours ago