Tag Archives: CNBC

Jim-Kingsland

KIngsland, former CNBC and Bloomberg journalist, dies at 49

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Jim Kingsland, a business journalist who worked for CNBC, Fox Business Network and Bloomberg, died this week at the age of 49.

Jerry Barmash of FishbowlNY writes, “He had severe diabetes, which led to a liver transplant several years ago. His eyesight was poor and his pancreas was compromised.

“At Bloomberg for much of the time, he was news director at WBBR.

Wes Richards was host of Bloomberg on the Weekends.

“‘He had the right stuff, he did the right thing,’ Richards tells FishbowlNY. ‘He was a pleasure to work for and work with and an island of calm and rationality in a sea of chaos.’

“Kingsland bookended Bloomberg with FNN/CNBC and Fox Business Network from 2007 to 2010 as assignment editor.

“The business journalist also had a passion for numismatics – the study of currency – founding JK Numismatics in November 2006, according to his LinkedIn page.”

Read more here.

cnbc dot com

CNBC’s digital ops viewers rise

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CNBC.com was visited by 6 million unique users in February, flat compared to the same time period last year, according to comScore Media Metrix.

However, CNBC’s iPhone application posted 576,000 unique visitors, a 7 percent increase year-over-year, according to Omniture.

CNBC’s  iPad application posted 421,000 unique visitors, a 10 percent increase year-over-year, according to Omniture.

And CNBC mobile web recorded 2.4 million unique visitors, a 16 percent increase year-over-year.

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CNBC’s new reality series get mixed ratings

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Dominic Patten of Deadline Hollywood reports that the new reality shows from CNBC reported mixed viewing data during the first week.

Patten writes, “Debuting at 9 PM, the antiquities authenticating Treasure Detectives pulled in 279,000 total viewers and 62,000 in the Adults 25-54 demographic on the channel. That’s a jump from the 195,000 total viewers and 49,000 in the demo that watched the 60 Minutes repeat that sat in the slot last week.

“However, Car Chasers did not fare as well. The series, which follows classic car dealers Jeff Allen and Perry Barndt as buying and selling exotic vehicles around the country, fell double digits from the encore episode of American Greed that aired at 10 PM on February 26. Earning 210,000 total viewers and 64,000 among the 25-54, Car Chasers was down 25% in audience and 22% in the demo from what the true crime series got the week before. Even with a repeat last week, it was a hard slot to fill on a network primarily previously focused on its daytime programming.

“Since debuting in 2007, American Greed has been CNBC’s second most popular show overall in terms of viewership and number one in terms of the demo. The show’s seventh season debuted on February 21. Earlier this year at the TCA, network president and CEO Mark Hoffman described Treasure Detectives and The Car Chasers as meeting participants at ‘the intersection of fear and greed’ in the new entertainment focus of CNBC in primetime.

“The two new shows are the first of several evening reality shows that CNBC plans to roll out in the coming weeks to beef up its primetime slots.”

Read more here.

Fox Business

Anti-CNBC ad runs on CNBC

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Paul Shea of ValueWalk.com reports that a Fox Business Network ad slamming competitor CNBC ran on CNBC.

Shea writes, “The appearance of an advertisement lambasting a network policy would, under normal circumstances, be considered an insult. Most networks would have attempted to have it removed from the air. CNBC, however, allowed the advertisement to air on their network. Either the network grinned and bore it, or, more worryingly, nobody important enough noticed.

“Clearly Fox Business Network bought advertising time with the cable provider, meaning CNBC probably wouldn’t have known the advertisement was coming. However, the ads could have been removed by the cable provider, like they were last year when FBN ran ads on CNBC after it aired planned reruns during the after the United States’ credit rating was downgraded.

“CNBC seems to be running scared right now. Some of the firm’s top billed talent have not been performing too well in the ratings, and the company was ignored by its parent in a memo looking back on 2012. The channel has begun resorting to randomly themed reality television for ratings, a move eaten up by Fox Business marketeers.

“FBN began airing ads aimed directly at that decision. The ads contrast its schedule, which remains business oriented throughout the evening, to that of CNBC. CNBC’s new line of reality shows, an attempt to boost ratings in off peak hours, is being exploited as a sign of weakness.”

Read more here.

CNBC reality

Reaching viewers who don’t normally watch CNBC

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David Bauder of The Associated Press looks at CNBC‘s new reality shows and how the business news network is trying to attract new viewers.

Bauder writes, “Allen said he felt comfortable working with CNBC.

“‘I felt like I didn’t have to be a character, that we could show up and be ourselves and not have to be phony,’ he said.

“CNBC is sticking to Tuesday nights for its new shows for the foreseeable future, although there may be reruns on other nights. Depending on how things go over the next year or so, a second night of shows might be added, Ackerman said.

“Besides business fans, CNBC is also interested in reaching viewers who don’t usually watch the network. They’ll like it even if some of the shows feel familiar, Ackerman said, comparing them to the familiar police procedural dramas.

“‘My sense is if it’s a good story, you’re still going to find an audience for it,’ he said.”

Read more here.

Fox Business

Fox Business tweaks CNBC again

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Fox Business Network, which last week poked fun at rival CNBC with a commercial criticizing its policy of not allowing guests to appear on other networks, is at it again.

The News Corp.-owned business channel has a new commercial out that gives a back-handed slap at CNBC’s new reality shows, which started appearing on Monday.

NBR set

New Nightly Business Report set unveiled

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The new “Nightly Business Report” show on public television — now produced by CNBC — will air its first show on Monday.

As part of the first show under CNBC’s watch, billionaire investor Warren Buffett answers questions from viewers.

Also on the show tonight will be an examination of the first business day with the sequester budget cuts in full effect. The segment will analyze the impact on various sectors and on Americans with California Congressman Ed Royce and Delaware Gov. Jack Markell.

And, the show kicks off a week-long series “In Focus: The American Recovery.”

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Behind CNBC’s reality series strategy

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Sean Daly of The New York Post writes about business news network CNBC’s strategy of adding reality shows to its evening lineup.

Daly writes, “The network, under pressure from its corporate parent, Comcast, to bring in money in the hours after the market closes, hired Ackerman — who brought ‘Celebrity Fit Club’ and ‘Best Week Ever’ to the music channel VH1 — last summer to develop unscripted content for evening hours.

“Business shows have ‘all the hallmarks of great drama,’ he says. ‘fear, ambition, wins, losses. And people sort of enjoy watching transactions. They like seeing people vying to get something cheaper.’

“Ackerman’s first two series, ‘Treasure Detectives’ and ‘The Car Chasers’ premiere tomorrow night. One follows cars flipped in Las Vegas and the other features art expert Curtis Dowling, who uses science to determine if collectables are real or counterfeit.

“‘It’s one part ‘CSI,’ and one part ‘Antiques Road Show,’’ he says. ‘It’s a fresh take that is well suited for CNBC.’

“Cheap, self-contained and highly repeatable formats — like ‘Flip This House,’ ‘Bar Rescue’ and ‘Tabatha Takes Over’ — have become cash cows for other networks.

“But no business program is hotter right now than ABC’s ‘Shark Tank.’

“In its fourth season, the venture capitalist show has seen its ratings jump almost every week since moving to Friday nights.”

Read more here.

Sue Herera

Getting into the trenches

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Michelle Reuter od The Daily Sundail, the student newspaper of Call State-Northridge, writes about CNBC anchor Sue Herera, who spoke on campus.

Reuter writes, “By 1989 FNN’s prospects were failing and Herera thought it best to look for another job. That’s when she was approached to take a position at a new start-up network at NBC

“CNBC was such a new idea, that the network did not think it would be successful. Herera said they would not even allow use of the iconic NBC peacock logo in their promos. Executives feared the new network would damage the image of the multi-colored bird.

“But since then CNBC has been providing business news for more than 20 years.

“After her presentation, the audience was given the opportunity to ask questions. Many people asked her opinion on specific market trends and one professor asked what advice she would give students who want to enter into business news.

“‘One thing that I would say is what they might want to do is take a job on Wall Street for a year or two,’ Herera said. ‘I think if you are considering business news and you want to do the markets then I would advocate learning the way I did, just getting into the trenches and learn it from the floor. If you were interested more in the corporate side of it I would get a job at one of the investment banks and see how their culture works.’”

Read more here.

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CNBC needs to call a truce

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Debbie Baratz of ValueWalk.com writes that business news network CNBC needs to stop telling its on-air guests that they can’t talk to anyone else.

Baratz writes, “A reporter’s source is either likely to speak to a few different media outlets and at times, the same quotes are repeated thanks to digital media (see above quotes).

“For media consumers, they can now look to numerous sources for their news, which is a good thing. Sure some outlets have better quality that others and for CNBC, it is at the top of the heap. It’s not the only one on the mountain but to act like a gatekeeper in today’s fast media with its numerous options is unfair and unwise.

“You have to think that at the end of the day, actions will speak louder than words. Consumers will go to sources they trust, just as corporate executives and experts will speak to the outlets they want, portraying their story and opinions through their message.

“ESPN has seen the rise of other sports outlets and now attributes breaking stories to its competitors, it’s time for CNBC to adapt as well.”

Read more here.