Tag Archives: CNBC

Andrew Ross Sorkin

Getting inside Wall Street to cover Wall Street

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Marshall Watkins of The Stanford Daily spoke with financial journalist Andrew Ross Sorkin of The New York Times and CNBC after he spoke at a campus event on Saturday.

Here is an excerpt:

TSD: As a financial journalist, how have you found the challenge of reporting on a close-knit community like Wall Street? At this point, would you consider yourself an insider?

AS: It’s funny. By default, as a journalist, I’m clearly an outsider to this world. Over the years, I’ve covered it for a long time…but in the book, part of the challenge was trying to get inside, trying to get the reader inside the room so he could see what’s being said.

It’s much harder than it used to be. As a reporter…this has been a major shift. When I started, there wasn’t  this industrial complex around protecting all these people from the press. It used to be you could call somebody up and understand what’s happening, get a little of the inside scoop or try and get some context for what’s happening…Now, there’s an army of lawyers, there’s an army of PR people, there’s a battalion of people whose entire job is to keep you as far away from the building as humanly possible. That has made, I would argue, reporting much more challenging in terms of really providing the sort of deep reporting and analysis…and it’s only gotten worse post-financial crisis.   Given so many of the rules have changed, we’re all getting the information at the same time, and there’s a lot more of it. The bad news is that for the kind of deep reporting that tries to really bring you inside what’s going on, that’s harder than ever, sadly.

Read more here.

cnbc_logo

CNBC seeks producer for special investigations unit

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CNBC is seeking a producer to work with its special investigations unit.

Job responsibilities:

• Produce original business news content, primarily for broadcast, including research, conducting interviews, writing and editing scripts, field producing and shooting, and overseeing editing.
• Oversee and manage production team and budget, including associate producers, assistant producers, crews and/or editors.
• Producer is expected to both pitch story ideas and work on assigned stories developed by the editorial team.
• Write web copy to accompany dayside and digital packages.

Qualifications/Requirements Basic Qualifications:

- Must have at least five years’ experience producing long form or documentary programming
- A working knowledge of PACER, Lexis/Nexis and other legal search engines a must
- Must have experience managing a team
- Must have a Bachelor’s degree.

To apply, go here.

snark-critters

Snark prevalent in business journalism on TV

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Doug Kass of TheStreet.com writes about why many of those who appear on business journalism television shows talk snark instead of facts.

Kass writes, “The fact is that snark (a combination of snide and remark) and opinion far too often envelop the business media instead of facts and figures. Equally infuriating is the confidence of view in the delivery of the snark. Sometimes the reason for this is out of necessity, as the media appearances are typically brief and expected to be on point. Nevertheless, in a world characterized by an absence of certainty and an interrelated and a complicated market mosaic (and complexity of issues) without memory from day to day, too many attach self-confident reasons to randomness.

“I would characterize a lot of the pabulum in the business media as instantaneous entertainment and not as rigorous analysis.

“Of course, there are exceptions. Consider as an example, the preparation that Jim “El Capitan” Cramer goes through when he interviews a corporate executive on “Mad Money.” Another example is CNBC’s “Squawk Box” with Joe Kernen, Becky Quick and Andrew Sorkin, which provides a guest host with one to three hours to do a deeper dive in analysis (e.g., just watch Jim Grant’s appearance yesterday, which was solid and thoughtful in analysis). Or Bloomberg’s “Market Surveillance” in which Tom Keene shares the spotlight with an interviewee for almost a half an hour, digging into the analysis that forms the foundation of view.”

Read more here.

Maria Bartiromo

Bartiromo: I now compete against CNBC

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Jonathan Welsh of The Wall Street Journal interviewed Maria Bartiromo, who left CNBC last year and joined Fox Business Network earlier this year.

Here is an excerpt:

How did you spend your time off?

After leaving CNBC I was in a 60-day non-compete period, but I had to stay  involved, so I attended Governor Cuomo’s regional economic development conference and the holiday party at the White House. After that I probably should have made the decision to find a beach in the Caribbean. But it was time for the World Economic Forum. I’m a workaholic. I was able to fit in a trip to Milan and went hiking in Arizona with my husband.

Do you think you’ll be able to snag big names away from CNBC for interviews?

It is official now that I’m competing with CNBC. I was known for getting people on the show for interviews and that is the result of relationships that took years to develop. I worked so hard to get those guests and I’m very proud of my Rolodex.

Why did you leave CNBC? Was it just about money?

It wasn’t about money. CNBC’s offer was generous in all respects. But I was looking what would have been my fifth five-year deal with CNBC and it looked a lot like what I had been doing before. But audiences are changing. I felt pressure to give a bunch of five-minute segments but I think we were broadcasting to a community that isn’t there anymore – the day-trader community. It used to be all about the stock market but not anymore. I wanted an opportunity to use a different approach to engage the audience.

Read more here.

cnbc dot com

CNBC.com seeks technology writer

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CNBC.com is looking to hire a technology writer for its San Francisco bureau.

This position will lead CNBC Digital in its coverage of the technology beat.

Responsibilities will include:
· Generating news and enterprise feature stories for the Web site
· Actively contacting sources in the field
· Maintaining on-going relationships with major players, and monitoring the competition
· The staff writer should be competitive in delivering scoops, analysis and smartly conceived trend stories, and will be focused on offering compelling and engaging journalism.
· S/he will comfortably engage with social media as a newsgathering tool and understand what stories our audience is eager to embrace.
· This position will coordinate with the Enterprise desk for ongoing coverage of major news, issues and trends.
· The staff writer will also work closely with TV editorial staff to coordinate coverage. Responsibilities will include field reporting assignments as necessary.

To apply, go here.

cnbc dot com

CNBC Digital seeks copy editor

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CNBC Digital is seeking an experienced financial journalist with a strong background in copy editing for a role on the team that produces the content for CNBC.com. The successful candidate will have deep experience in both writing and editing all aspects of business news, including both short-form breaking news and longer-form enterprise reporting.

The candidate will also have some familiarity with web publication, including regular use of content management tools to edit, produce and publish stories.

PLEASE NOTE: This is a full-time freelance contractor position at CNBC’s world headquarters in Englewood Cliffs, New Jersey. The position is at-will, paid hourly and does not include benefits. The job has a set schedule but will occasionally require early mornings, late nights and weekend shifts as needed.

To apply, go here.

cnbc dot com

CNBC.com has record January for visitors

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CNBC.com posted its best January ever in terms of unique visitors, according to comScore Media Metrix.

The site was visited by 8.7 million unique users last month, up 31 percent compared to the same time period last year.

CNBC.com’s total unique video viewer volume reached a record high of 3.1 million in January, up 247 percent year-over-year.

In addition, CNBC mobile web recorded its highest monthly unique visitors – 6.3 million, up 139 percent year-over-year — in January, according to Omniture.

On the heels of its relaunch, CNBC’s Android application was up 30 percent year-over-year in monthly unique visitors, and January was its second best month ever in terms of this metric.

CNBC’s iPad app posted 451,000 unique visitors, flat compared to last year at this time.

cnbc dot com

CNBC seeks senior social media editor

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CNBC’s Social Media Desk is responsible for maintaining the business networks’ presence across all social platforms while also playing a critical breaking news function in our newsroom. We are looking for an experienced social media editor to help lead our social media team and expand our digital footprint.

This candidate will be expected to manage social editorial needs of both broadcast and digital, especially at times of breaking news. The candidate will also liaise with daytime shows and advise on the development of social media campaigns around special projects and initiatives. Given the dynamic nature of the role, we are looking for a candidate who is able to work flexible hours.

In addition to day-to-day management of the social media team, this candidate should have a background in social analytics and regularly provide analysis of key performance metrics.

• Manage CNBC’s main social media platforms including Facebook, Twitter, Instagram, LinkedIn, Tumblr, etc.
• Oversee and ensure that a social media editor is always on duty to handle breaking news
• Maintain social media best practices and update the newsroom on changes in policies and guidelines
• Work with the newsdesk to vet and approve social media and user-generated content for air and publication online
• Collaborate with digital and broadcast editorial teams on company-wide social media campaigns
• Experiment with new social media tools to expand CNBC’s audience
• Team up with CNBC.com editors to produce live blogs for key events, conferences, and breaking news
• Contribute editorial content (ie: Storify) to CNBC.com where needed
• Provide social media training to shows, producers, and editors in the newsroom
• Report regularly on social media successes using available analytics/data
• Must be able to work early hours

To apply, go here.

CNBC.com new

CNBC Digital seeks news editor

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CNBC Digital is seeking a dynamic journalist with a background in both business news and web production for a role on the team that operates the CNBC.com homepage. The “hotseat” is the air traffic controller of the newsroom, managing the page and the fast-paced flow of news copy.

Responsibilities include assigning stories, writing and publishing breaking news alerts, editing “spot” news copy and managing the layout and ranking of stories on the homepage – often simultaneously and with limited assistance from others.

Qualifications/Requirements

The successful candidate will have a strong background in both writing and editing breaking business news, particularly in the financial news that is core to the CNBC audience. At the same time, the candidate will also have extensive experience with web publication, including regular use of content management tools to edit, produce and publish stories.

This is a full-time staff position at CNBC headquarters in Englewood Cliffs, New Jersey. The position has a set weekday schedule but will require occasional early mornings, late evenings and weekends as needed.

To apply, go here.

CNBC

CNBC ratings soar due to “Shark Tank”

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CNBC’s ratings at night have jumped due to running re-runs of “Shark Tank,” reports Andrea Morabito of the New York Post.

Morabito writes, “While ‘Shark Tank’ is averaging 7.9 million viewers in its current fifth season on ABC — up 16 percent, on track for its best season yet — it’s also brought CNBC its own ratings success.

“Since debuting on the network last month, ‘Shark Tank’ repeats have garnered CNBC its largest prime-time audience (596,000 viewers) in five years — since the peak of the financial crisis in December 2008.

“The series — which has aspiring entrepreneurs pitch business ideas to a panel of potential investors (‘the sharks’) like Dallas Mavericks owner Mark Cuban and real estate magnate Barbara Corcoran — has steadily grown in popularity since it debuted on ABC in 2009.

“‘It’s business, it’s deal-making, it’s opportunity, it’s the entrepreneurial spirit, so it really speaks to all the things that we’re interested in,’ says CNBC’s Jim Ackerman, senior VP of prime time alternative programming.”

Read more here.