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Changes On The CNBC Biz News Desk

Last week’s posts about Glen Rochkind‘s exit foreshadowed changes on the CNBC business news desk. On Tuesday, Tyler Mathisen announced several “adjustments to the division of labor on the CNBC News Desk.” Some of the changes include:

> “Executive Editor Patti Domm will assume a new role as the supervisor of CNBC’s markets and economics coverage.”

> “Steve Lewis will now become the Desk’s chief planning officer.”

> “Tom Busby will now become CNBC’s principal assignment manager.”

> “Jim Connor will become the ‘quarterback’ on the Desk between 10 a.m. and 5 p.m.”

And on Wednesday, senior VP Jonathan Wald sent a memo to staffers thanking them for “stepping up and taking on added responsibility.” Click continued to read the full memo…




Wald’s memo to CNBCers:

We announced some changes on the Desk this week and I wanted to take a moment to thank everyone involved for stepping up and taking on added responsibility. As Tyler (Mathisen) pointed out, Tom Busby will run the desk and the daily assignments, Steve Lewis will handle futures and planning, and Patti Domm will oversee our core business: the markets and what’s moving them.

I also want to take a moment and thank everyone for an incredibly busy and successful summer for CNBC. The old Wall Street adage “sell in May and go away” doesn’t apply here. From violence in the middle east sending oil prices to new records, to terror arrests, the anniversaries of hurricane Katrina and 9/11, and just this week to the plunge in oil prices and HP’s boardroom antics — viewers are turning to us for what it means to them.

Our ratings are proof: Even though the majority of our audience is not measured, CNBC is up 79% during business day in A25-54 this quarter compared to last year, and we are up a stunning 100% in the younger half of the demo (25-34) compared to last year. CNBC is the only cable news network up in ratings this quarter.

I appreciate all of your hard work as we keep building on this momentum.

We’re only getting started.

Jonathan

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