OLD Media Moves

Why Gasparino left CNBC

February 16, 2010

Joe Weisenthal of The Business Insider reports Tuesday about the talk at business news network CNBC as to why reporter Charles Gasparino left. It was announced Tuesday that he had signed a dela with Fox Business Network.

Weisenthal writes, “In particular, the fact that Gasparino left CNBC without an official deal with a rival network being announced is taken as evidence that Gasparino might not have left willingly.

“That is decidedly a minority view, however. Two people we spoke with said that they think Gasparino might have been dissatisfied with his contractual arrangements with CNBC.

“‘Charlie felt like he was over-producing during the crisis. He felt like there could have been better recognition of his role,’ a person familiar with the matter said. ‘He signed his contract before the crisis. He was like a pitcher who signs up then throws a bunch of no-hitters. He wanted a better deal.’

“‘He wanted to do his book thing,’ another person said. Gasparino is reportedly working on a new book. His last, The Sellout, made it on to the New York Times bestseller list.”

Read more here. Talking Biz News hears that his departure from CNBC was a mutual agreement, although his contract had not expired.

Subscribe to TBN

Receive updates about new stories in the industry daily or weekly.

Subscribe to TBN

Receive updates about new stories in the industry.