Tag Archives: CNBC
CNBC copies the Fox Business playbook
by Chris Roush
Brendan Byrne of ValueWalk.com writes about how CNBC has copied Fox Business Network‘s strategy of visiting cities around the country.
Byrne writes, “Taking a page from their playbook might be a little generous, to look at the promo for CNBC’s Opportunity USA Tour. It immediately harkens you back to September when Fox Business Network launched a four-day road trip to explore cities that have bucked national economic trends for the better in their ‘Open For Business: Houston’ and ‘Open For Business: Cleveland’ specials. To say ‘borrowed’ is to use the word loosely, it looks like downright theft. They even went so far as to use a former FBN anchor to precipitate this ‘shared’ idea and used Houston to kick off their ‘own’ three day tour just as Fox Business Network did before them.
“Last September, Melissa Francis, Host of FBN’s ‘MONEY’ took to Houston to highlight, over the course of two days, why Houston is one of America’s most successful cities. A city which has recovered every job lost to the most recent recession. In her blog post promoting and previewing the show and the city of Houston, Francis highlighted the secrets to Houston’s success and even solicited dining advice from readers. The post also provided a roll-call of area politicians, entrepreneurs and CEO’s that the two-day trip would interview. Ironically, or perhaps not, one of the restaurants most suggested to her by readers of the post was The Pass and Provisions on Taft near downtown Houston.
“The irony or ‘coincidence’ is the fact that that is precisely where former Fox Business Network anchor Brian Sullivan broadcast his show ‘Street Signs’ live from today.”
Read more here.
CNBC.com hires SmartMoney.com editor
by Chris Roush
Jeff Nash has been named to the newly-created position of deputy managing editor, enterprise for CNBC Digital.
Nash will start on Monday, April 15 and report to managing editor Allen Wastler.
He will be responsible for managing and developing the division’s talented editorial team and increasing the amount of original reporting and content produced for CNBC Digital’s portfolio of products.
“The creation of an Enterprise desk is an important initiative for us and one that Jeff is superbly well qualified to handle,” said executive editor Xana Antunes in a statement. “He brings a wealth of experience and will be essential in helping us to continue to raise the bar as the destination for breaking news and real-time analysis for our audience across every screen.”
Nash joins CNBC Digital from Dow Jones, where he was editor of SmartMoney.com and personal finance editor of the Wall Street Digital Network. There, he reoriented his 12-person team’s coverage of consumer finance to focus on real-time analysis of the day’s most urgent events. This strategy led to a 50 percent increase in article traffic.
Prior, Nash served as deputy editor of SmartMoney.com, helping to refresh the site’s design and working with reporters to develop new features, columns and blogs. Since late last year, Nash has been integrating his award-winning personal finance team with Dow Jones’ sister site, MarketWatch.com.
Before joining Dow Jones, Nash spent two years as an assistant managing editor at InvestmentNews where he collaborated with the print and online editors to plan and edit news stories and features for both print and digital editions.
CNBC.com users up 35 percent in March
by Chris Roush
CNBC.com was visited by 7.6 million unique users in March, up 35 percent compared to the same time period last year, according to data from comScore Media Metrix.
This is CNBC.com’s second best March ever in terms of unique visitors and its fourth best month ever in terms of uniques.
CNBC’s other mobile applications also saw increased usage in March.
CNBC’s iPhone application posted 571,000 unique visitors, a 2 percent increase year-over-year, according to Omniture.
CNBC mobile web recorded 2.7 million unique visitors, a 27 percent increase year-over-year.
However, CNBC’s iPad application posted 424,000 unique visitors, relatively flat compared to last year.
Lee cutting back anchor duties at CNBC
by Chris Roush
CNBC anchor Melissa Lee is cutting back on her anchoring duties at the business news network, reports Chris Ariens of TVNewser.com
Ariens reports, “Lee is moving off the 9amET show ‘Squawk on the Street’ which he has co-anchored since Erin Burnett‘s departure almost two years ago.
“‘Melissa is an integral part of the network and wanted to focus on ‘Fast Money’ the 5PM show she has hosted since 2009 as well as work on other projects including her upcoming documentary on the industrial Internet,’ a CNBC spokesperson tells TVNewser.
“TVNewser hears Kelly Evans who joined CNBC from the Wall Street Journal last year and who currently anchors ‘Worldwide Exchange’ from London, will be returning to CNBC HQ in the coming weeks and could land at ‘Squawk’ alongside Carl Quintanilla, David Faber, Simon Hobbs and Jim Cramer. But no definitive plans are in place, insiders say.”
Read more here.
Yahoo Finance and CNBC launch new show
by Chris Roush
Yahoo Finance and CNBC are premiering the first two episodes of a new show called “Big Data Download” on Wednesday.
The show is hosted by CNBC’s Courtney Reagan and will regularly feature Yahoo Finance’s editor-in-chief Aaron Task, senior columnist Michael Santoli and co-host of “The Daily Ticker” Lauren Lyster.
“Big Data Download” is a daily digital program that taps into the big data revolution to deliver information to everyday investors and business decision makers. The show, which will air twice each day, will draw upon sources including Yahoo search data, social sentiment and investing algorithms created exclusively for this program from the Yahoo Labs team.
“Big Data Download” airs Monday through Friday, with original episodes at 11 a.m. and 2 p.m. ET.
The inaugural episode of “Big Data Download” examines whether the housing market is really in recovery by looking at both housing stocks and Yahoo! Search data. In the second episode, “Big Data Download” drills into gas prices. “Big Data Download” explores oil, gas, distillate inventory numbers to shed light on where prices should be and which companies will get a lift when the price goes up.
Is LinkedIn’s future business television?
by Chris Roush
Owen Thomas writes for Business Insider about how LinkedIn could be a competitor to CNBC in the future by getting into televised business news and information.
Thomas writes, “At the Ignition Mobile conference in San Francisco Thursday, Nishar suggested that in 10 years, when you walk into a room with a television in the morning before you go to work, you won’t turn on a TV set and listen to an anchor read headlines selected by a producer.
“Instead, you’ll see all the news you need to know from your network — much as you get from LinkedIn Today, the professional network’s personalized news service, on its website and mobile app today.
“Nishar pointed out that we’re already watching television on 4-inch screens — smartphones — and 22-inch screens—monitors attached to our computers.”
How the NYSE became a stage for financial news
by Chris Roush
Daniel Goodman and Kamelia Angelova of Business Insider write about how the New York Stock Exchange has become ground zero for financial news coverage.
Goodman and Angelova write, “Then in 1995 Maria Bartiromo from CNBC became the first reporter to go live to TV from the floor of the NYSE, marking the beginning of a new era as reporters and traders began to interact regularly during the day and on the news.
“In the past couple years electronic trading has reduced the need for physical traders on the floor, and newscasters have taken over the floor of the Exchange.
“CNBC has its own elaborate set in the place where one of the trading posts stood, and over 30 broadcasters report live from the floor every day, not to mention the many smaller outlets that also cover the Exchange and utilize its multimedia center.
“The evolution of media and technology has transformed the NYSE into the biggest stage for business news. We spoke with journalists on the floor and the people behind the NYSE Multimedia Center about how media reporting from the floor has changed over time and what lies ahead.”
Read more here.
Ex-CNBC executive producer named ME of LA TV station
by Chris Roush
Ramona Schindelheim, a former executive producer of CNBC‘s “Business Day,” has been named the managing editor of a Los Angeles television station.
Kevin Roderick of LA Observed has the announcement from Fox 11 vice president Kingsley Smith:
Please welcome our new Managing Editor Ramona Schindelheim. Ramona previously worked as an Executive Producer for CNBC’s Business Day, The Call, Power Lunch and Street Signs. She’s also been a Sr. Producer for The Jane Pauley Show, Business Editor for ABC News and way back when she was the 10p Producer for KTTV’s FOX News at 10. Ramona has extensive experience managing shows, content and on air look. She will help bring consistency to our systems , content and look.
Ramona will start on March 25th. This position will move from a day schedule to an evening schedule. She will be here through our late news to help with coverage, planning, scripts, on air look, web integration, social media and more. Ramona will hand-off to Josh and Hayley to ensure greater continuity and consistency from the evening news to AM news and GDLA. (Chris Lemire, Ruben and Ramona are all available for script review and story development). She will primarily work evening hours and Ruben will keep many of the duties he picked up since Larry’s departure. In particular managing crews, story development and coordination between our on air and online content streams. Ruben, thank you for exceptional job in tough and new circumstances and thank you to everyone who have helped make this shift go smoothly. I hope to have the nightside EP position filled soon.
Read more here.
CNBC’s Kaminsky leaving for Morgan Stanley
by Chris Roush
CNBC capital markets editor Gary Kaminsky is leaving the business news network for a job at Morgan Stanley, reports Charles Gasparino of Fox Business Network.
Gasparino writes, “Kaminsky left Neuberger — then a unit of Lehman Brothers — just months before the financial crisis led to the firm’s September 2008 bankruptcy. He is regarded as one of Wall Street’s top money managers focusing on financial shares, and he had been a critic of Lehman’s risk taking that ultimately doomed the company.
“After Lehman’s collapse, Neuberger remained an independent company, and Kaminsky had to adhere to a two-year non-compete clause in his contract, which prompted his move to CNBC. His outspoken views at the news channel often rankled some top business executives, including billionaire investor Warren Buffett.
“CNBC recently issued an apology for some comments Kaminsky made about Buffett’s investment strategy.
“Kaminsky has been weighing a move back to Wall Street for some time, and has fielded offers from large money management firms and hedge funds, according to people with knowledge of the matter. He has been in discussions with Morgan Stanley for about six weeks, these people say.”
CNBC starts program on China
by Chris Roush
CNBC announced Monday that it is launching a new program providing coverage of China.
Every month, starting on March 15, CNBC’s Eunice Yoon will present a new half-hour programme, “Inside China,” which will provide viewers with news shaping China. Yoon will travel around the country covering the trends that are defining the new China and influencing the world.
“In 2013,you’re not likely to go a day without reading headlines about China that have significant impact both domestically and globally,” said John Casey, senior vice president of news and programming for CNBC International, in a statement. “‘Inside China’ is an exciting opportunity for us to take our audiences behind those headlines — to meet the people, witness the events and observe the trends that are helping to create a new era in world history.”
The program will showcase a mixture of taped stories, feature interviews with news makers, business leaders and influential personalities and a temperature check on Chinese social media, which is providing a forum for discourse and change unlike any other in the world.
“Inside China” will air across CNBC’s regional networks in Asia Pacific and EMEA, with a combined reach of more than 140 million homes. The program will be produced from CNBC’s bureau in Beijing and edited in CNBC’s Asia headquarters in Singapore. It will be complemented by special reports on CNBC.com.
Read more here.
