Henry Blodget of Clusterstock talks to former CNBC “Fast Money” host Dylan Ratigan about why he left the business news network and what he plans to do next.
Blodget: So, you’re one of CNBC’s biggest stars. You’re running one of the most successful shows they’ve got. And you bolt. Why?
Ratigan: A lot of things came together. One, it became apparent to me that there had been some major policy failures in America. While clearly pursuable at a place like CNBC, in my opinion, they are more broadly pursuable from a wide variety of other news platforms.
Blodget: Such as?
Ratigan: Pick them. ABC, CBS, HBO, MSNBC, CNN, FOX. When you’re dealing with economic problems, you want to be speaking from an economic platform. When you’re dealing with systemic policy failures that have rendered a catastrophe the likes of which we’ve really never seen, the role of journalism is to ask questions of money and power from the broadest possible platform.
And I happened to have a contract that was expiring. If I had been in the second year of a five-year deal, none of this would have happened.
Here’s the thing that people get confused by. “He has a hot show on a hot network, and they’re going to pay him a bunch of money…and he walks! There must have been some terrible thing there!” Management must have been bad, or whatever. And then they say, “Whoah, we found out he fought with one of the managers! That must be it!”… “They didn’t pay him!” It’s not even that some of the things aren’t true. Did I fight with management? Sure. Did I fight with everyone in management all the time? Absolutely not. Did it have anything to do with the departure? Absolutely nothing… People think that my departure was in some way a reflection on CNBC. I’m telling you, it was a reflection on me.
Read more here.
CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
View Comments
MY HUSBAND AND I MISS DYLAN HIS INTELIGENT OPINIONS, AND QUESTIONS REGARDING OUR CURRENT ECONOMIC MESS. I HOPE HE IS WHERE HE IS VALUED, RESPECTED, AND WE WILL SOON BE WATCHING HIM ON ANOTHER NEWWORK.
PAMELA GLYNN, LA CANADA, CALIF.