Archive for the CNBC Category

Rethinking FBN Getting Burned By CNBC Over The Murdoch News…

Posted in CNBC, FBN, FNC on June 13, 2015 by icn2

It’s been a couple of days since the Rupert Murdoch news knocked the media world sideways. The one storyline that continued to get legs was how the hell did CNBC beat out the entire Murdoch media empire with the scoop? It sure as hell made FBN, The Post, and The Journal look woefully out of it. At first I naturally assumed it was just good old fashioned legwork. Now I’m wondering if it was really the old boy network…

Exhibit A: The news that came out very quickly after Faber’s scoop that Roger Ailes would be reporting directly to Rupert Murdoch, bypassing his sons. Everyone focused in on the fact that Ailes wouldn’t have to be reporting to Rupe’s sons that it showed how much the senior Murdoch valued Ailes.

What nobody seems to have realized is that Ailes had to have known about the change in structure. There is no way Rupert Murdoch is going to make a change like this and then wait until after the news comes out to tell Ailes he’ll still be reporting to him. FNC and FBN are lynchpins in the Murdoch media empire and Murdoch is not going to do anything to churn those waters. Ailes had to have known.

Exhibit B: Because Ailes had to have known, he could have ensured that the news came out on FBN. He didn’t. The question is obviously why? And the answer is just as obvious…because he was essentially under a gag order that had yet to be lifted by Rupert.

Exhibit C: The original Faber story made no mention of Ailes reporting to Rupert. Therefore we could assume that this wasn’t a leak to Faber from inside Ailes’ sphere of influence. If it were the one piece of information we might consider betting the bank on coming out was that Ailes would be reporting directly to Rupert. Of course, because this industry is more conniving than you could possibly imagine, we can’t completely dismiss the possibility that the leak came from inside Ailes’ sphere of influence but left out the Ailes reporting structure precisely to throw the scent off and make it look like it came from elsewhere. But that possibility does stretch the boundaries of plausibility. The odds are stacked heavily that Ailes’ sphere of influence had nothing to do with Faber’s story. Which leads us to…

Exhibit D: Like father (NOT) like sons. It is well known that while Rupert holds a special place in his heart for Roger Ailes, his sons don’t exactly follow in father’s footsteps.

Add up A, B, C, and D and a new picture emerges regarding CNBC’s scoop. What better way to screw Ailes than to leak the story to Faber?

Maybe it wasn’t either James or Lachlan who leaked to Faber. But whoever it was knew what they were doing and how the optics would play out. They were giving CNBC a prize and Roger Ailes the middle finger.

Rupert Murdoch to Step Down as CEO of 21st Century Fox

Posted in CNBC, FBN on June 11, 2015 by icn2

In an out of the blue bombshell this morning, CNBC’s David Faber scooped the world…including, inexplicably, FBN and the Wall St. Journal…both Murdoch properties…by reporting that Rupert Murdoch will finally be giving up the CEO reigns of 21st Century Fox…

Rupert Murdoch, the 84-year-old chief executive officer and controlling shareholder of 21st Century Fox, is preparing to step down as CEO of the media giant and hand that title to his son James, according to numerous sources close to the Murdoch family.

An announcement is expected in the near term, while it’s unclear whether the reorganization would take place this year or at the start of 2016. Rupert Murdoch will continue to be the executive chairman of Fox, while his son Lachlan would also become an executive co-chairman of the company.

As part of the management reordering at Fox, COO Chase Carey will step down and take on a yet undefined role as an advisor at the company. Carey was widely expected to exercise his right to an early release from his contract, allowing him to leave the company at the end of this year. Now, sources tell me, he is likely to remain in some capacity through 2016. He did not return a call for commen.

For all the talk about CNBC’s woes, for all the talk of FBN’s expansion, particularly its star studded hiring spree the past few years, this is the ultimate black eye for the Murdoch business network.

This should have been a gimme for FBN. If Fox execs knew Faber was poking around, they should have leaked it immediately to someone at FBN…Gasparino, Cavuto, Bartiromo…ANYONE. Anything would have been a better outcome than allowing CNBC to break news in FBN’s back yard.

Instead Faber gets the media scoop of the year (provided Roger Ailes doesn’t suddenly decide to retire) and FBN is left bumbling behind picking up CNBC’s scraps.

There’s one word that best sums up this debacle. That word is “OUCH!”

Update: Howard Kurtz is tweeting some interesting news…

Rupert Murdoch will become executive chairman with two sons, James & Lachlan, in top roles. Roger Ailes will still report to Rupert, co says

So FBN and FNC are cut out of James Murdoch’s purview? That’s like being given the keys to a Lamborghini but handing the engine to someone else.

CNBC Shifts EPs

Posted in CNBC on April 17, 2015 by icn2

CNBC Editor in Chief and Senior VP of Business News Nick Deogun announced in an internal memo some EP changes in the wake of Gary Schrier moving to FBN

I’m pleased to announce new roles for two of our excellent executive producers: Lisa Villalobos and Maxwell Meyers.

Lisa, who has been executive producer of “Fast Money” for the past 17 months, will become EP of “Closing Bell.” Max, who serves as EP of “Options Action,” as well as a number of digital initiatives, will be the new EP of “Fast Money.”

Both Max and Lisa have stellar track records. Prior to joining the “Fast Money” team, Lisa served as senior producer for “Squawk on the Street.” Lisa came to CNBC in 2012 from Fox Business and helped launch two shows there. She also worked as a producer at Court TV and in online ad sales at ABC. She is a graduate of NYU.

Max is no stranger to “Fast Money” as he helped launch the program in 2006. He has since held a number of positions at CNBC, including senior producer for “The Strategy Session,” “Fast Money” and “Money in Motion.” Prior to joining CNBC, Max worked at CNNfn. He started his career at Bear Stearns and has written for Kiplinger’s Personal Finance, The Bond Buyer and CNBC.com. He is a graduate of Skidmore College.

As some of you know, these moves are triggered by the departure of Gary Schreier, who is returning to Fox Business after a three-year stint at CNBC. I want to thank Gary for his work on “Closing Bell,” which he has so ably guided in his time here.

Please join me in congratulating Lisa and Max on their new assignments.

Nik

Press Releases: 03/20/13

Posted in CNBC, MSNBC on March 20, 2015 by icn2

MSNBC/CNBC (1)

CNBC, MSNBC, NBC NEWS AND TELEMUNDO ANNOUNCE PLANS FOR EMERGE AMERICAS

NEW YORK & MIAMI, March 20, 2015—CNBC, MSNBC, NBC News and Telemundo today announced their plans for eMerge Americas, a groundbreaking technology conference taking place in Miami on May 1-5, 2015. As part of the multi-year media partnership between eMerge Americas and the NBCUniversal News Group, viewers and users across all of the networks will gain exclusive access to unique programming from the event.

Full coverage plans to date include:

CNBC’s “Fast Money” (M-F, 5PM ET), anchored by Melissa Lee, will broadcast live from the event. In addition, CNBC’s Chief International Correspondent Michelle Caruso-Cabrera will report live from eMerge Americas for CNBC’s Business Day programming.
MSNBC’s “The Rundown with José Díaz-Balart” (Weekdays, 9AM) will broadcast live Monday, May 4th and MSNBC reporters will cover eMerge Americas live for msnbc.com/shift.
Based in Miami, Telemundo plans to send multiple programs to cover eMerge Americas:
Telemundo’s “Enfoque con José Díaz-Balart” (Sunday, 12PM) will air a segment about eMerge on Sunday, May 3rd.
Telemundo’s Diego Schoening will report live Monday, May 4th and Tuesday, May 5th for “Un Nuevo Día” (M-F, 7AM-10AM).
Telemundo’s “Al Rojo Vivo” (M-F, 4PM), hosted by María Celeste Arrarás, will feature stories about fashion and technology.
The websites of these NBCUniversal networks will be the exclusive destination for live streaming portions of eMerge Americas
In addition, NBC News’ Chuck Todd, moderator of “Meet the Press,” MSNBC and Telemundo’s José Díaz-Balart and CNBC’s Melissa Lee will moderate panels at the event.

eMerge Americas 2015 is expected to attract more than 10,000 attendees, hundreds of top companies and the world’s leading disruptors and thought leaders. Key elements on this year’s agenda include:

eGov: Government Innovation Summit – Prominent mayors and government officials from around the globe gather to address the challenges faced by accelerated urbanization and how to transform their urban communities into Smart Cities through the power of innovative technology.
Startup Showcase – Entrepreneurs from over 100 start-up incubators/accelerators from Latin America and Europe compete for funding from well-known investors.
Country Pavilions – Participating nations from the Americas, Europe, Middle East, Africa and Asia showcase their local innovations and connect with strategic partners, generate new international leads and become a part of the ever-expanding technological transformation in the Americas.
Women, Innovation & Technology (WIT) – A one-day summit showcasing top female professionals from different industries discussing how they are transforming the business landscape through technology and innovation.

CNBC and SALT

Posted in CNBC on March 12, 2015 by icn2

I meant to get to this when I read about it yesterday but other things took up my time. CNBCFix writes about CNBC and the SALT conference…

Business feuds can be entertaining.

The frostiness between Carl Icahn and Bill Ackman accusing each other of trying to be the other’s friend at an Italian restaurant ended in a hug and a T-shirt distribution moment (wonder what’s happened to those) for Scott Wapner on an episode of CNBC’s Fast Money.

But other times there is only unnecessary aggravation, as seems to be the case with the recent revelation by Linette Lopez of Business Insider that after years of being the exclusive television partner, CNBC will not be broadcasting from Anthony Scaramucci’s SALT Conference in May.

This curious rift, which must be unprecedented — a financial-television guest developing his own TV franchise — stems from the purchase by Scaramucci’s SkyBridge Capital of the classic “Wall $treet Week” brand a year ago, a move that evidently came as a surprise to Englewood Cliffs.

TV’s a feisty business.

That something as dormant as “Wall $treet Week with Louis Rukeyser” could disrupt a valuable partnership is a testament to the fierce battle for the limited but elite turf that television has always represented, perhaps now more than ever in the Internet age.

However lofty its own status, CNBC guards it like a pit bull. Numerous news articles have suggested a constant game of hardball with elite guests who tend to be told, “First here or else.”

It would not be unprecedented for an NBC Universal network to blacklist someone on account of a turf war. Years ago TMZ’s Harvey Levin was a regular guest on MSNBC talking about celebrity gossip. Then Levin launched TMZ TV…a direct competitor to NBC Universal’s Access Hollywood. Suddenly Levin stopped appearing on MSNBC’s air. After a month or so of no Levin I got curious and dug around. I eventually got confirmation through unofficial channels that Levin’s disappearance was directly tied to the threat TMZ TV posed…or should I say was viewed to pose.

This spat is a little different from that though. To me this smacks more of sour grapes more than viewing a new Wall Street Week as a direct threat to CNBC.

Your Obligatory Andrew Lack Tea Leaf Reading Blog Post (Because All Media Sites Have to Have One…It’s A Rule)

Posted in CNBC, MSNBC on March 6, 2015 by icn2

Now that Andrew Lack has been officially named as the replacement for Pat Fili Krushel, we may finally start speculating about what this all could mean. But in order to speculate what it could mean we need to look at what the parameters are…

– Lack has oversight over NBC News and MSNBC but not CNBC. One wonders if Steve Burke polled Mark Hoffman and found that Hoffman would walk if Lack was installed over him. Hoffman is kind of like the cockroach in a nuclear war; everything around it gets destroyed but it lives on. Or, maybe Lack didn’t want oversight of CNBC. Some might view this aspect as a vote of confidence by Burke in CNBC’s current direction which would be an odd way of looking at it considering what the ratings have been doing lately.

– How far back will Steve Burke step now? This is an unknown, but, I can’t see someone like Lack, who originally exited NBC partly over a corporate turf war, coming back only to have to run to Burke about every thing he plans to do. Lack was brought in to right the ship and Burke is probably going to give him the latitude to do it whatever way he sees fit…up until the point that the final decisions has to be made on Brian Williams future anyways.

– Deborah Turness reports to Lack. For the moment. Expect that moment to be fleeting…especially if these stories have any truth to them.

– Phil Griffin reports to Lack. Whatever deal Griffin had going with Burke to get time to try and turn things around is probably null and void with Lack’s hiring. According to David Zurawik, Andrew Tyndall seems to rank MSNBC as the biggest problem for Lack which is saying something considering how valuable Today, MTP, and Nightly are. Griffin is an incrementalist, to a fault. MSNBC needs faster, more drastic action. I don’t see a good fit here with Griffin and Lack but…remember that nuclear war/cockroach analogy earlier? Well if Mark Hoffman is my #1 example of that in action, Phil Griffin would be my second choice. Don’t underestimate his ability to weather this out. Odds are he’s toast though.
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Andrew Lack Back to NBC News?

Posted in CNBC, MSNBC on March 3, 2015 by icn2

Variety’s Cynthia Littleton writes that former NBC News President Andrew Lack is in talks to return to the network in some capacity…

Former NBC News president Andrew Lack is in negotiations to return to a top post at the news division in a management shakeup following the debacle that led to the suspension of “Nightly News” anchor Brian Williams and other recent missteps by the news wing.

The discussions are in the early stages, but Lack is expected to return in a top role, if not the top job, overseeing NBCUniversal’s news operations: NBC News, MSNBC and CNBC. Pat Fili-Krushel, who has headed NBCUniversal News Group as chairman since 2012, may move to a different position within NBCUniversal.

We could idly speculate about this but I’m going to hold off until there’s actual news here…like an NBC press release announcing the hire…before I start opining.

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