Joe Rauch of The Atlanta Business Chronicle talked Friday with CNBC “Mad Money” host Jim Cramer about what he thought about TV business journalism and the launch of rival Fox Business Network.
Q: What’s your view of Fox’s entry into business news? Can it successfully compete?
A: My friend Cody [Fox Business Happy Hour host Cody Willard] is doing a show for them. They’re looking at it as a way to get to the people on Main Street. Cody’s show is live from a bar in New York. I don’t know whether its right or not. I wouldn’t do my show from a bar, because I’ve got kids and I think that would be inappropriate. But I do think they’ve brought on good people, and I’ve worked with Roger Ailes, who I think is very smart.
But I think reasonable people would disagree with a new business channel. Because its very much a “Best Man Wins” situation. You only really need one business news channel. I know the space pretty well, and there’s only so much you can do with business news. We have people on our network who are personalities and people who break news.
But its not like CNN and Fox News. You can’t really take a particular slant with it. One can’t be right wing and one can’t be left. You can’t be pro-government, while the other guy is anti-government.
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why doesn't Fox hire Larry krudlow, the right wing political pundit on CNBC. Fox is where he belongs.
Cramer needs to broaden his insights. It's because the broadcast stations take on a political stance that we need them all to get all sides of the story. There are a couple that do well at telling the story as is and without slanting it one way or the other. Then there is telling the whole story. Cramer gave a piece on the real estate economy and made the broad statement that no one should buy or sell real estate today unless they are forced to do so. Real estate is localized. We have cities that are realizing double digit appreciation today and that's not a good buy. Cramer needs to do some homework himself.
this fool Cramer wouldn't do a show from a bar because of his kids? so instead he does it from a studio and prances around like a total a-hole but that's ok??? huh? look, i aint advocating Fox's decision to broadcast from a bar -- but Cramer, once again, shows he's an idiot!!!!
Larry kudlow is just what FNB needs... another right wingrant sycophant.
Go Cody!!
Cody Willard obviously has no clue what makes our economy tick. What credentials does he have? I heard him on a radio show saying how "with this bailout, they're taking money from the private emonomy and puttaing it in their public economy..." HUH? Cody, do you get how the money supply works, how banks creat money through lending, how we must have a massive macro economic stimulus to ward off Great Depression 2? You do a great disservice to this country by whipping up mass hysteria and animosity between 'wall street and main street' (whatever they represent today). How does the media allow these 'journalists' to spout off about thing they are not well schooled in???