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CNBC

CNBC’s ‘American Greed’ Leads to Fugitive Capture

cnbc american greedThe FBI has captured one of its most-wanted white collar criminals thanks to a recent episode of CNBC’s “American Greed.”

David Kaup, who has been on the run since he confessed to defrauding more than 50 families of $11 million in mortgage refinance scams, was arrested last week in Las Vegas. Kaup was featured on the November 14 episode of “American Greed.”

“We got a tip from somebody that saw the show,” James Bowman, assistant U.S. attorney for California’s central district, told CNBC. “They let us know he was in Las Vegas and using a different name. Based on that, we were able to figure out where he was.”

Why Biz Network Ratings Continue to Slide

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The Wall Street Journal takes stock of the three TV business networks and sees that their fortunes are sagging.

In the third quarter, CNBC, the dominant business-news channel, hit a 20-year low in its target demographic of adults 25 to 54 years old. (CNBC’s gross advertising revenue is down 4% to $251.6 million since last year, according to SNL Kagan.) Six-year-old Fox Business Network remains on a long-term growth trajectory, but its average total daytime audience has declined from last year — to 58,000 from 71,000 — and has fallen short of some media buyers’ expectations. Bloomberg LP, meanwhile, is rethinking the business model of its TV channel, having failed to turn a profit or draw more than 10% of the audience for TV business news despite being on the air for nearly two decades.

Why is this happening? Reporters Keach Hagey and William Launder write that, beyond online and streaming competition, “business television has faced the added challenge that individual investors are fleeing the stock market as an increasing amount of trading is done by institutional investors and algorithms.”

“I think there are all sorts of places you can get stock prices,” said Kevin Magee, the executive vice president of Fox Business Network. “Aside from that, there is general unhappiness with the economy these days, and it isn’t always fun to watch news that’s bad.”

Other highlights from the article…

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The Biz Ticker: Brennan, Survey Says, Bloomberg

  • Morgan Brennan joins CNBC as a general assignment reporter. Brennan comes from Forbes Media where she was a staff writer and reporter Forbes Magazine, ForbesLife and Forbes.com. She also worked as an anchor/reporter/producer for the Forbes Video Network.

  • In a Business Insider survey about financial news, Bloomberg TV beat out CNBC and Fox Business as the preferred channel among those polled. Bloomberg TV also has the preferred morning show, preferred closing bell show and best anchors.

  • The New York Times has a meaty A1 story all about Bloomberg News amid staffing cuts, new news initiatives and its place in the Bloomberg business empire.

Maria Bartiromo Signs Off: ‘After 20+ Amazing Years I Will Be Moving on to My Next Chapter’

Maria BartiromoIt was a record finish for Maria Bartiromo at CNBC. On a day the DJIA and S&P 500 hit new heights, Bartiromo said so long to CNBC.

“I won’t give you a long and mushy goodbye especially since I’ve been getting choked up all day,” Bartiromo said at the end of “Closing Bell.” “But I still must extend my love and thank you to many, as this is my last broadcast on CNBC.”

“Thank you to all of the early building blocks, Bob Wright, Tom Rogers, Jack Welch among others. Thank you Mark Hoffman, I wish you and your team success.”

Bartiromo has anchored “Closing Bell” for the last 11 years, but first gained fame as the “Money Honey” while reporting from the floor of the NYSE.

“I have been incredibly privileged to hold this seat the last two decades,” she said. “While I feel like CNBC is one family, my other family is on the floor of the New York Stock Exchange.”

Though it hasn’t been officially announced, Bartiromo is moving to Fox Business Network where she will anchor a daily show for FBN as well as a Sunday morning show for Fox News.

Business Insider breaks down the “why” behind Bartiromo’s departure, which was first reported by the Drudge Report on Monday. It came down to three things: money, visibility and opportunity.

Kelly Evans will join Bill Griffeth starting Monday on the 3pm hour of “Closing Bell,” then Evans will go on to anchor the 4pm hour with an ensemble of other CNBC reporters on an interim basis.

Bartiromo’s final “On the Money,” the syndicated show which was known as “Wall Street Journal Report” until CNBC’s deal with WSJ ended, airs this weekend. Becky Quick will take over that show but CNBC will likely work in other hosts as well.

Bartiromo’s full goodbye, after the jump…

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During Her Final CNBC Show, Maria Bartiromo Gets Heartfelt Goodbyes From Colleagues

mariabartiromo1This is Maria Bartiromo‘s final day at CNBC. She’s mid-way through hosting “Closing Bell” and has already taped her syndicated weekend show “On the Money.” Though it hasn’t been announced yet, Bartiromo will be joining Fox Business Network and Fox News Channel.

During today’s “Closing Bell,” Bartiromo is getting some well-wishes from her colleagues:

From Sharon Epperson: “Maria, I have to say in addition to all the contributions you’ve made to CNBC, I will most remember everything you’ve done to improve financial literacy for all ages, for everybody, outside of CNBC on your own time. I know you’ll continue to do and I really have to say, it’s been such a pleasure to work with you.”

Bertha Coombs: “I just want to say, it has been a privilege and a pleasure to be your colleague.”

Courtney Reagan: “Maria, good luck and we’ll miss you.”

Kayla Tausche: “Maria, back to you for the last time, and best wishes.”

Maria Bartiromo Just the Latest CNBC Talent to Jump to FBN

maria bartiromo_304x200For Maria Bartiromo, 20 years at CNBC was enough. We don’t know yet where on Fox Business she will be anchoring, but we do know the move, announced earlier today, will re-unite her with many of her former CNBC colleagues, including:

Liz Claman joined FBN just after it launched in Oct. 2007.

Charlie Gasparino joined in Feb. 2010

Dennis Kneale followed 8 months later.

Melissa Francis made the move in June 2012

Neil Cavuto worked for CNBC in the 1990s, and joined Roger Ailes at the launch of Fox News Channel in 1996. Since the launch of FBN in 2007, Cavuto has anchored a show on each of the networks.

Bartiromo’s EP at CNBC, Gary Schreier, made the move the other way. One of the founding producers of FBN, having also worked at Fox News, Schreir jumped to CNBC last year.

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Maria Bartiromo Leaving CNBC For FBN

Breaking: mariabartiromo1Maria Bartiromo is leaving CNBC to join Fox Business.

“After 20 years of groundbreaking work at CNBC, Maria Bartiromo will be leaving the company as her contract expires on November 24,” a CNBC spokesperson tells TVNewser. “Her contributions to CNBC are too numerous to list but we thank her for all of her hard work over the years and wish her the best.”

Drudge Report, which was first to report the news, says Bartiromo will anchor a daily FBN program during the market hours and also have a role on Fox News.

Bartiromo, who celebrated her 20th anniversary with CNBC last month, signed with CAA in May. We reported at the time that her contract was set to expire at the end of the year.

Bartiromo will re-join Fox News chairman Roger Ailes, who first put her on the air when he ran CNBC. She will also be reunited with Lou Dobbs, who was her boss at CNN in the early 1990s. As Bartiromo recounted to TVNewser in 2011, Dobbs told her a move to CNBC would be a big career mistake:

But Lou Dobbs wanted to restructure the newsroom and I was on the assignment desk, so Lou promoted me to senior producer for the morning shows and I was upset, because it would put me on the overnights again, and take me out of the field. So after all my crying — I used to cry on the 22nd floor of CNN — I went back and put together my reel. Re-shooting the stories I’d produced. And I sent it to CNBC and Peter Sturtevant and Roger Ailes said “we want to put you on the air.” I went to Lou and I said, “Lou, I’m leaving.” And he said, “Maria, you’re making the biggest mistake of your life.”

More: Bartiromo’s remarks on leaving CNBC: “After twenty great years of having a front row seat to some of the most important economic stories in the world, it’s hard to sum up the gratitude and appreciation I have for the team that helped make it happen. I am incredibly proud of what we have been able to accomplish. I want to thank all the people at CNBC who have been with me on this journey, and of course the viewers and investors everywhere for making me love every minute of it.”

CNBC’s Courtney Reagan Gets On-Air Marriage Proposal

CNBC’s retail correspondent Courtney Reagan was doing a segment on holiday shopping for the CNBC-produced “Nightly Business Report.” At least that what she thought.

The show’s anchor, Tyler Mathisen was in place, as was the camera and production crew, so they started recording.

But it was all a ruse. What Courtney didn’t know is that her boyfriend, investment researcher Jared Baker was waiting in the wings, with a diamond ring. She looked stunned. He told her he’s loved her since the day they met. She cried. He got on one knee. She cried some more. Mathisen grabbed the tissues. And the rest is TV history.

WATCH:

Curling, Hockey to Return to MSNBC, CNBC

olympics nbc_sochi1As live coverage of the Olympic Winter Games from Sochi nears, NBC is gearing up to broadcast competition across its channels, including on CNBC and MSNBC. In total, those cable nets, along with USA, will televise 124 hours of live coverage.

CNBC will be the hub for curling, airing 36 hours a week. MSNBC shifts from politics to pucks, hosting 45 hours of live hockey coverage in addition to curling.

The coverage won’t be limited to television, as games will be streaming live on NBCOlympics.com, available to digital customers with authenticated cable, satellite or telco via “TV Everywhere.”

Read NBC’s press release after the jump:

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Does CNBC’s Steve Liesman Think Sen. Ted Cruz is Mexican?

During CNBC’s coverage of the October jobs report Tuesday, economics reporter Steve Liesman lay the blame for the delayed report on Texas Sen. Ted Cruz. “We’re going to call this the ‘Senator Ted Cruz Jobs Report’,” Liesman said on “Squawk Box.”

“Can we get some music to go along with that, some Mexican music or something?”

Cruz may like Mexican music, but he’s of Cuban descent. He was also born in Canada, so perhaps Liesman should have requested some Bryan Adams, Alanis Morrisette or Justin Bieber, or said nothing at all.

(h/t The Hill)

> Update: Liesman has apologized:

Regarding my recent remark on Squawk Box regarding Senator Ted Cruz, I first want to deeply and sincerely apologize if my remarks were insensitive.

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