Tag Archives: Maria Bartiromo
TV Week's NewsPro lists most powerful players in TV financial news
by Chris Roush
The 10 most powerful players in financial news on television were listed in the December issue of TV Week’s NewsPro magazine.
Hillary Atkins writes, “CNBC is, of course, the leader in the field, but it has competitors nipping at its heels, and even some surprising competition at times from television’s longest-running newsmagazine program, ’60 Minutes.’”
In alphabetical order, they are:
1. Maria Bartiromo “the top choice when CEOs want to be interviewed on television.”
2. Bloomberg Television “runs a slate of business shows that explore all aspects of the financial markets, business news and investing.”
3. Margaret Brennan “one of the newer faces making a mark in business television.”
4. Neil Cavuto “an undisputed leader in the world of television business journalism.”
5. CNBC “continues to attract the wealthiest audience in terms of income of any television network in the United States.”
6. Jim Cramer “no one would dispute Jim Cramer’s seriousness of purpose in imparting business and financial information and opinions to his viewers.”
7. Fox Business Network “the new kid on the business block.”
8. Anthony Mason “brings his financial acumen and reporting expertise to the business beat.”
9. “Nightly Business Report” “”covers the biggest stories in business and provides analysis so that viewers can make more informed financial decisions.”
10. “60 Minutes” “at the forefront of covering economic stories in the nation’s heartland and how average citizens have been affected by businesses shutting their doors.”
Read the list here.
Bartiromo defends financial journalism
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CNBC anchor Maria Bartiromo was on the Brian Lehrer Show on WNYC radio on Friday, talking about her new book The Weekend That Changed Wall Street: An Eyewitness Account, and her opinion of coverage of the financial meltdown.
During the September 2008 weekend that the crisis began, Bartiromo said she was “working, covering the story, taking phone calls, making phone calls…trying to make sense of the story.”
When a caller asked Bartiromo why she and other financial journalists didn’t predict the crisis, she responded, “It was just this mania where everybody believed that home prices would continue to go up…It’s not just the media.”
When Lehrer asked Bartiromo if she and other financial journalists “drank the Kool-Aid,” she pushed back.
“CNBC has 14 hours of live programming every day,” she said. “At any moment in the day, you could have turned on CNBC and seen me talking to George Soros, who said this is a house of cards about to collapse, or Peter Schiff, who said the same thing…”
“To say that the media missed it is not actually giving the media the credit of perspective,” she added. “I actually give credit to the media.” She then mentioned The Wall Street Journal, The Financial Times and other business media whom she thought did a good job.
“I think the investment media and the financial media handled this crisis quite well, making people accessible and explaining the issue” said Bartiromo. “…Everybody would like to blame the messenger.”
Listen to the entire interview here.
Bartiromo on being in the bubble
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CNBC anchor Maria Bartiromo was interviewed by Stephanie Jo Klein of Lemodrop.com about her new book, “The Weekend that Changed Wall Street,” and discussed her career in business journalism.
Her is an excerpt:
With our 24-hour news cycle, why couldn’t we predict this?
It’s difficult to recognize a bubble when you’re in it. We’re an optimistic society. We saw home prices rising, and thought they’d continue to go higher. In 2006, there was no justifiable reason the prices were soaring so high, when you look back. It was just a mania. The regulators and others in Washington said ‘this is the American dream to own a home. Let’s make it as easy as possible.’ The lenders said ‘you don’t need to prove that you have a job. We’re going to make it as easy as possible.’ The reporters were watching the markets go higher, so why wouldn’t they continue to do so?
And then you have the actual individuals who said they didn’t have a job and didn’t have the wherewithal to make all the payments, but they did it anyway. You can point fingers all around, but at the end of the day, we were in an optimistic society, and many people missed the cracks in the ceiling. They were visible to some hedge fund managers and short-sellers, but you could go back to various bubbles and have the same mentality. In the dot com boom, anything with a dot com on it soared. That’s one lesson we can all walk away with – maybe I should be more of a contrarian. Back to fundamentals – if it looks too good to be true, it probably is. These are tools to help us when the next bubble comes along.
Read more here.
It’s the Columbus Day parade in New York
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And guess who is the parade’s grand marshal? These signs are all over Grand Central terminal.
CNBC's Bartiromo to write column for USA Today
by Chris Roush
CNBC anchor Maria Bartiromo, whose regular column in BusinessWeek was cancelled when the magazine was purchased by Bloomberg, will now write a regular column in USA Today.
A release stated that the column will be in a question-and-answer interview format — similar to what she was doing for BusinessWeek — and will “provide readers with an up-close look at top leaders in today’s business world.”
The column will run in the Money section in print and online. No name was announced. The previous column was called “Face Time with Maria Bartiromo.”
Bartiromo’s BusinessWeek column was criticized frequently by staffers as being too soft on its subjects. Ryan Chittum of Columbia Journalism Review was especially embarrassed by Bartiromo’s interview with Obama economic advisor Larry Summers that ran this past summer. The magazine’s Elinore Longobardi criticized her for “lobbing softball questions” to Chrysler CEO Robert Nardelli back in 2008 as well.
Read more here.
Bartiromo named to Cable Hall of Fame
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CNBC anchor Maria Bartiromo has neen named to the Cable Hall of Fame by the Cable Center.
She is the only business journalist to have received the honor in its 13 years of inductions.
The Denver-based Cable Center states, “Bartiromo joined CNBC in 1993 after five years as a producer and assignment editor with CNN Business News. In 1995, Bartiromo became the first journalist to report live from the floor of the New York Stock Exchange on a daily basis.
“In May 2008, Bartiromo received a Gracie Award in the category of Outstanding Documentary for her documentary ‘Greenspan: Power, Money & the American Dream.’ She was also awarded a 2008 News and Documentary Emmy for her ‘Bailout Talks Collapse’ coverage. In December 2009, Bartiromo was featured in the Financial Times as one of the ’50 Faces that Shaped the Decade.’
“Bartiromo’s book, ‘The 10 Laws of Enduring Success,’ was released by Crown Business, a division of Random House, Inc., in late March 2010. Her latest book, ‘The Weekend that Changed Wall Street,’ will be released by Portfolio/Penguin in early September 2010.”
Read more here.
Bartiromo on how biz journalism has changed
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Lulu Chiang, a senior producer at CNBC, interviewed CNBC anchor Maria Bartiromo about what has changed in business journalism in the 15 years since she began reporting live from the New York Stock Exchange floor.
Bartiromo said, “This is really special. Over the 15 years that I’ve been broadcasting, it wasn’t always easy. When the markets turned ugly, it was people’s money was on the line.
“I think one of the most important things that we were able to do on ‘Squawk Box’ when I first started broadcasting was open up the morning research call.
“More than broadcasting from the floor of the New York Stock Exchange, opening up the research call truly impacted individuals. I had a few of sources at some of the trading desks, and thanks to those people, it opened the door to other people.”
Read more here.
Bartiromo to ring opening bell Wednesday to honor biz journalism first
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CNBC‘s Maria Bartiromo, anchor of “Closing Bell” and host and managing editor of the nationally syndicated “Wall Street Journal Report with Maria Bartiromo,” is ringing the opening bell at the New York Stock Exchange Wednesday to commemorate her 15-year anniversary of making history as the first journalist to report daily from the floor of the NYSE.
The stock exchange surprised her this afternoon with a cake honoring the event.
CNBC's viewers dropping precipitously
by Chris Roush
The StreetInsider.com site has a posting on Tuesday about the sharp decline in CNBC‘s viewership numbers.
It writes, “According to data from Nielsen Media Research, CNBC has lost viewership during every hour long block during the prime market news hours from 6:00 am to 7:00 pm EDT, with the biggest overall drop seen during the network’s ‘Mad Money’ show featuring Jim Cramer.
“The eccentric investor’s hour-long show starting at 6:00 pm lost 25 percent of its total viewer year-over-year in July, from 188,000 to 141,000, while its key demographic of viewers age 25-54 fell 24 percent for the show.
“Overall the network saw an 8 percent drop in total viewers year-over-year from 5a-7p, and 21 percent of its coveted advertising demographic.
“The key demographic is also turning off CNBC’s ‘Closing Bell’ with Maria Bartiromo in droves. The two-hour show has lost 31 percent of its key advertising viewers from 3p-4p in July compared to last year, and an even more staggering 40 percent in the second hour.
“Another of CNBC’s key shows, ‘Street Signs’ dropped 12 percent overall and 32 percent with the key age group.”
Read more here.
CNBC, Bartiromo star in latest Wall Street movie
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Marketwatch.com media columnist Jon Friedman writes Wednesday that the stars of the latest Oliver Stone movie about Wall Street are CNBC and its anchor, Maria Bartiromo.
“The network’s stars appear on camera so often that this film is practically a product placement for CNBC. (20th Century Fox, like MarketWatch, is a unit of News Corp.
“Bartiromo is most conspicuous among the real journalists. Early on, we see her interviewing and bantering with Gordon Gekko, displaying her trademark earnestness throughout. He tells her happily, ‘Your show is a big hit in the can.’
“Likewise, Cramer probably didn’t require the services of the Actors Studio to play the cameo role of the bombastic host of ‘Mad Money.’ Apparently, Cramer was included for the purpose of doing what he does on his show in real life — provide comic relief.”
Read more here.