Tag Archives: CNBC


NYSSCPA names financial journalism award winners


The New York State Society of Certified Public Accountants announced the winners of its 2014 Excellence in Financial Journalism Awards.

The nationwide contest — the 31st annual this year — recognizes reporters from the national and local press whose work was published, posted or broadcast in 2013 and contributed to a better and balanced understanding of business or financial topics. Winners were selected by judges from the NYSSCPA and the New York Financial Writers Association who ranked submissions on accuracy, quality and thoroughness of research.
This year’s winners will be honored during a luncheon ceremony May 1 in New York City.
Book – Business/Financial:
Gregory Zuckerman for  “The Frackers: The Outrageous Inside Story of the Billionaire Wildcatters” (Portfolio/Penguin). In five years, the United States has seen a historic burst of oil and natural gas production, easing our insatiable hunger for energy. A new drilling process called fracking has made us the world’s fastest growing energy power, on track to pass Saudi Arabia by 2020. But despite headlines and controversy, no previous book has shown how the revolution really happened.
Print & Online:
Trade Press Category – News/Investigative:  David Evans, Bloomberg Markets, for “Fleeced by Fees.” Even as Wall Street has found countless ways to trick and profit excessively from its customers, the fees charged by managed futures funds are outrageous by all standards— and hidden.
Trade Press Category – Features: Janet Hewitt, Mortgage Banking, for “That Other American Dream” an in-depth look at the senior management and business strategy behind Ellie Mae, a unique company in the mortgage technology field that has found a way to be a success story in the face of epic headwinds.
Trade Press Category – Opinion: Kenneth Silber, Research, for “Who’s Kidding Whom?” a piece that focused on the risks of financial advisors “living in a bubble” and filtering out adverse information about public opinion and the political climate.
Consumer Press Category – News/Investigative: Cam Simpson, Bloomberg Businessweek, for “Stranded”  which follows the incredible tale of 1,500 Nepalese men as they are recruited in their homeland by job brokers who charge fees for the service, then flown to Malaysia where they’ll work at a Flextronics plant assembling cameras for the new phone. Once there, they’re stranded when Apple moves assembly to another plant.
Consumer Press Category – Features:  Peter Elkind and Doris Burke, Fortune,for “Amazon’s (Not So Secret) War on Taxes,” where the pair reveal how Jeff  Bezos’ company successfully battled to preserve his company online sales-tax exempt status by demanding, wheedling, suing, threatening, and negotiating—and how new alliances and strategies among Amazon’s enemies finally began turning the tide.
Consumer Press Category – Opinion: Dan Primack, Fortune, for “Where is Calpers’s Governance When You Need It?”, in Fortune, in this, one of his ongoing commentaries about private equity, venture capital, Wall Street, mergers and acquisitions, and other deal-related topics, Primack chides the corporate watchdog for its complicity in allowing a third-party “placement agent” to channel Calpers’s investments toward a private equity fund, all the while portraying itself as an unwitting victim
Category – Segment Running 10 Minutes or Less: Richard Quest, CNN International – In the summer of 2013 Richard Quest travelled to Texas to investigate both the day-to-day work of fracking, and its long-term economic impact.
Category – Segment Running More than 10 Minutes: Scott Cohn, CNBC, for “Critical Condition: Saving America’s Cities,” the historic bankruptcy of the city of Detroit in 2013 was not an isolated incident. As this series shows, no major city is without at least some of the same issues that sent Detroit over the edge.
Category – Segment Running 10 Minutes or Less:  Alisa Parenti with producer Tracy Johnke, Marketwatch.com Radio for “Housing on Fire: Tips for Buyers and Sellers” – As the housing market started to heat up again, Parenti and Johnke had a very simple goal: To help buyers and sellers maximize their positions in the finally-improving real estate market.
Category – Segment Running More than Ten Minutes: Gordon Deal, Wall Street Journal This Morning, 16-day segment series decoded the government shutdown’s impact on real people, the economy and business.

CNBC seeks producer


CNBC is seeking a producer who will be responsible for working with Executive Producers, Senior Producers, Producers and Production Associates to help produce projects for Strategic Programming and Development.

Projects may include both taped and live segments, shows for broadcast and online.

Essential Responsibilities:
- Book and write segments for daily and weekly programs
- Write daily segments for digital programs
- Develop industry contacts for potential guest bookings
- Research market reports

- Knowledge of INews, Volicon, Stratus, Storm and Deko
- Minimum two years of experience on live programs

To apply, go here.


CNBC seeks desk producer


CNBC is looking for a desk producer to Produce stories for CNBC’s daily live Business Day programs.

The person will work directly with CNBC correspondents to find and interview sources, develop visual elements and shoot and cut footage for live reports and edited packages. Find background information on a wide range of business, financial news stories, using a variety of sources such as the Internet, newspapers, and magazines. Assist reporters in the studio or field as required. Contribute to cnbc.com and social media when requested.


A Bachelor’s degree and working knowledge of financial and/or business news, political news, and hard news content and at least 3 years television production experience.
Strong knowledge of Microsoft office and newsroom systems including iNews.

To apply, go here.


CNBC launching two new prime time shows this summer


Business news network CNBC said Tuesday that it is adding two new shows to its prime time lineup this summer.

It has also given the green light for development of three other shows.

The two new shows are “Restaurant Kickstart” with restaurateur Joe Bastianich, and celebrity chef Tim Love, which will launch in July, and “Filthy Rich Guide,” which will launch in August.

In “Restaurant Kickstart,” Bastianich and Love compete against each other to invest their own money in food concepts they believe will make them millions. “Filthy Rich Guide” details the ways in which the ultra wealthy spend their money.

The new shows come on the heals of the success of “The Profit,” which follows serial entrepreneur Marcus Lemonis who saves struggling businesses while investing his own cash in the process. Last Tuesday’s episode of “The Profit” was the most-watched original series telecast ever for the network among 25- to 54-year-old viewers and total viewers.  Among 25- to 54-year-olds, season two of “The Profit” is up 115 percent from last year’s first season.

“It’s an exciting time for us in primetime,” said Jim Ackman, senior vice president of primetime alternative at CNBC, in a statement. “‘The Profit’ is building a loyal fan base with viewers who want to be entertained but also want to get insights as to why businesses fail and how they can flourish. And our two new series, ‘Restaurant Kickstart’ and ‘Filthy Rich Guide’ are great additions to our line-up and reinforce what we have said all along, that money and business are great backdrops for storytelling.”

The three series in development have the working titles of “Restaurant Confidential: New York,” “Hard Money” and “More Money More Problems.”

Tyler Mathisen

CNBC’s Mathisen: Never been a better time to be a business journalist


There has never been a better time to be a business journalist, CNBC anchor Tyler Mathisen said last week to a group in New York.

A story on the Sageworks Institute site states, “The co-anchor of CNBC’s ‘Power Lunch’ and ‘Nightly Business Report’ told more than 100 journalists at an event hosted by Sageworks Institute that monumental changes in the way journalists report and distribute their work translate into new opportunities. ‘There are more voices out there,’ he said at the Cornell Club in New York. ‘Everyone can find a way to have their voice heard.’

“Because distribution of business news has become more fractionalized, there are many more outlets for distributing journalists’ work, and reporters and editors today need not be associated with traditional, major media properties. The journalist and the consumer of business news are closer than they have ever been before as a result of the explosion in recent years of enterprising and viable outlets for business journalism, many of which are digital, he noted.

“This more direct path to the audience than allowed under the traditional model involving big intermediaries/traditional gatekeepers can result in a greater amount of high quality reporting, he said.

“‘Everybody can be a publisher, so there are a lot of opportunities for people like you and others to generate content,’ he said. He acknowledged that journalists have to deal with increased pressure to favor content volume over quality – an issue made more pressing by the removal in recent years of layers of editors who would check facts and improving writing.”

Read more here.

Scott Cohn

Cohn celebrates 25 years at CNBC


Scott Cohn, a senior correspondent and lead investigative reporter at CNBC, is celebrating 25 years with the business news network.

Danny LoPriore of the Greenburgh Daily Voice writes, “With cable networks already established to compete with ‘free’ television, Cohn said he could foresee today’s era of 24/7 news when  the network hit the air in April 1989.

“‘NBC Chairman Bob Wright knew the days of a single network with just a morning and evening newscast were over,’ Cohn said. ‘CNBC was NBC’s first big step out of the old network model, and the rest of the industry would soon follow. But it was already clear in ’89 that 24-hour news was coming.’

“Cohn said social media has multiplied all media and was not as predictable.

“‘The World Wide Web was still a couple years away, personal computers were still few and far between, and cell phones were still the size of bricks,’ he said. ‘It is hard to fathom now, but 1989 technologically seems like the Dark Ages.’”

Read more here.


Maria Bartiromo

Bartiromo returns to CNBC — in a commercial


Brian Steinberg of Variety reports how Fox Business Network anchor Maria Bartiromo, who left CNBC last year after 20 years, returned to the network’s airwaves in a commercial.

Steinberg writes, “In ads purchased for the New York market served by Time Warner Cable and running on CNBC, Bartiromo speaks directly to viewers from the set of Fox Business Network, telling them about her guests and the subjects she expects to discuss on ‘Opening Bell with Maria Bartiromo,’ the program she launched on FBN February 24.

‘Come on over,’ she urges the audience during the spot.

“The message is intended as a ‘change of address card’ for Bartiromo, said Kevin Magee, executive vice president of Fox Business Network. The former CNBC veteran left the NBCUniversal-owned outlet late last year for a new deal that puts her on Fox Business Network during the week and on Fox News Channel for a Sunday program that launched March 30.

“The Bartiromo spot is slated to air during CNBC’s ‘Squawk Box,’ Magee said. That program ends just before FBN’s ‘Opening Bell’ vies with CNBC’s ‘Squawk On The Street.’

“FBN is the latest to make use of a sharp-elbows technique that helps place ads in venues that might otherwise shun them. While TV networks like ABC and CNBC control their own air and can block commercials that disparage them to try to steal their viewers, they are often unable to stop ads being placed by the entities that distribute them, such as cable and satellite systems or local stations.”

Read more here.


CNBC seeks associate producer


CNBC is looking for an associate producer at its Englewood Cliffs, N.J. headquarters.

The associate producer will find and research story ideas for news coverage. Book multiple guests from an array of backgrounds. Pre-interview potential segment guests with booking requirements in mind. Secure rights and clearances of program material. Screen and cut raw video with tape editors.

Work with graphics on show elements; Write and coordinate digital content. Fieldwork required.


Significant research and production experience. 2+ years of booking, tape, field and editing experience preferred. Knowledge of research sources very important. Ideal candidate will have a deep knowledge of financial news and personal finance topics, as well as an appreciation for broader culture — geopolitical events, film and music, literature, and sports.

Ability to work in tandem with Producers, Correspondents and Anchors. Flexibility with respect to hours necessary. Schedules will rotate, but must be able to work all shifts, including weekends and overnights. Must be able to work additional hours beyond scheduled shift with little or no notice if needed.

To apply, go here.

Tyler Mathisen

CNBC’s Tyler Mathisen is always learning


Randall Kenneth Jones of the Naples Daily News in Florida profiles Tyler Mathisen of CNBC.

Jones writes, “Prior to joining CNBC in 1997, he was a respected, award-winning writer, senior editor and top editor for Money magazine.

“However, once again, Mathisen parlayed his ongoing education and developing communication skills into a new role as money editor of ‘Good Morning America’ from 1991-97, thus placing him behind the keyboard and in front of the camera.

“In the words of Phil Beuth, former president of ‘Good Morning America,’ ‘Tyler projects amazing credibility — in double and triple doses.’

“Schurenberg adds, ‘He is a master of directing energy.’

“As should be the goal of any journalist — but may be the reality for a select few — Mathisen advises: ‘Never believe you are the smartest man in the room — always be willing to learn something new.’

“Today, the much heralded Mathisen co-anchors CNBC’s ‘Power Lunch’ and ‘Nightly Business Report,’ an award-winning evening business news program for U.S. public television.”

Read more here.

Maria Bartiromo

Bartiromo: Ready to take the plunge and try something different


Erin Hill of Parade magazine interviewed Fox Business Network‘s Maria Bartiromo on her switch from CNBC and her new show on Fox News on Sunday morning.

Here is an excerpt:

You were at CNBC for 20 years. Was it a tough decision to leave?
“Absolutely. I had the greatest time and it was a tough decision, but it was a move that I had to make because I was looking at my own growth. There’s a certain structure there that I feel like audiences are no longer interested in. It’s very much short-termism; it’s very much about the stock market. I think audiences want something different today. They want longer interviews and they want to feel like they walk away from an interview with understanding. I was ready to take the plunge and try something different. It’s been a terrific change. I love the new environment and I love my new show.”

You’ve had a lot of important milestones during your career. What do you think about the influence you’ve had on business journalism?
“I’m so proud of it. When I first got down to the floor of the New York Stock Exchange back in 1994, there were a lot of people that did not want me there. It was definitely a bit of a boys’ club and I had to have courage to break my way through, but today I’m proud to say that there are a lot of women on the floor of the New York Stock Exchange. There are many female reporters. I’m proud of that and that I was able to help pave the road.”

You were nicknamed “Money Honey” in the late ‘90s. What do you think of that name now?
“You know, I still think the same of it. I never really took it so seriously, and I don’t take myself that seriously. No one really calls me that. They don’t pick up the phone and say, ‘Hi, Money Honey, what’s going on?’ It was the way the media wanted to address me, but I never felt insulted by it. I think my viewers know who I am, and they know that when CEOs give me an interview, I’m going to ask the hard questions, I’m going to ask what viewers want to hear, and they know I’m not going to be shy about it. I never felt like it was an insult. In fact, I felt flattered to have been noticed and I still feel the same way.”

Read more here.