Categories: OLD Media Moves

NBC head defends CNBC, Cramer

Jeff Zucker, the CEO of CNBC parent NBC Universal, defended Monday the business news network and one of its stars, Jim Cramer, in the wake of criticism of its coverage of Wall Street and the economy.

Clare Atkinson of Broadcasting & Cable writes, “‘CNBC is a spectacular organization and in particular Jim Cramer,’ he said.

“The NBC U executive also said there had been no evidence of a ratings decline at the business network in light of Stewart’s attack.

“Zucker said everybody was looking for a scapegoat and to point the finger in light of the economic crisis. ‘What is going on now is absurd,’ he added.

“Speaking at the McGraw Hill Media Summit Wednesday, Zucker also said that the media was not to blame for the Iraq war or the Wall St. meltdown.”

Read more here.

Recent Posts

Debtwire seeks a private credit reporter

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

2 mins ago

BNN Bloomberg anchor Kanwar is departing

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

10 mins 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…

15 mins ago

Politico reporter Fieseler departs

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

20 mins 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…

2 hours ago

Reuters hires Krishnakutty as a news producer

Reuters has hired Pia Krishnakutty as a news producer. She has been at The Print as a…

3 hours ago