Ron Insana, the CNBC anchor who started his own money management firm but continued to appear on the business news network, is switching firms and may no longer make TV appearances, reports Steve Krakauer of TVNewser.
Krakauer writes, “‘He plans to join S.A.C. Capital, the Stamford hedgefund company, as a managing director,’ reported CNBC correspondent Melissa Lee today.
“‘Congrat to our friend Ron,’ said anchor Erin Burnett. ‘Yes, we are biased, after all he was our co-worker.’
“Although it was teased Insana would appear on Closing Bell later in the day, he did not. And we hear taking the new position means he will not make any more CNBC appearances.”
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