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Posts Tagged ‘Bernie Madoff’

The Ticker: Ross, Concorde, Rather…

> ABC’s Brian Ross, and his team, are on the hunt for Bernie Madoff‘s billions. The search is leading them to Switzerland and Africa. The report tonight on World News with Charles Gibson.

> On Sunday, NBC’s travel contributor Peter Greenberg reports on the last moments of the crash of the Concorde in Paris nearly nine years ago. The Dateline special looks at different theories about what brought down flight 4590 on July 25, 2000.

> Dan Rather will return to PBS’ Worldfocus tonight. Rather will be a part of a weekly roundtable discussion with anchor Martin Savidge. Tonight is also Worldfocus’ 100th show.

Covering the Downturn, Looking for the Upswing

In his column in tomorrow’s New York Times, David Carr writes about those who cover the financial crisis.

Being a financial news anchor must seem like owning an ice cream parlor where spinach is the only flavor on the menu.

“We are looking for the crocuses and daffodils,” said Tyler Mathisen, managing editor of CNBC, which is owned by NBC Universal. “They may not come up this spring, but they are going to come.”

The problem for financial reporters (and consumers) is compounded by the failure of some of the more convenient tropes of business reporting. Many of the financial sectors’ rock stars have turned out to be the biggest fools of all.

Some financial journalists are tuning out altogether.

“I try not to watch CNBC,” says Dave Kansas who works for financial news site FiLife. “I don’t keep a TV near my desk because I don’t want to get caught up in the hourly changes. The idea that you can pick stocks and beat the market is sort of silly no matter what kind of market you are working into,” he said. “Bernie Madoff was able to deliver steady returns, but we know now how he did that.”

Madoff Back In Court — Cablers “Chase” To Courthouse

Bernie Madoff is back in court today, and, like Monday, the business networks have covered the event from stake-out to car chase through New York City to the courthouse. Even the cablers had coverage this time as Madoff left his apartment and arrived at the hearing. CNBC followed via helicopter. On FBN, the coverage came via “Streambox,” trailing Madoff’s car:

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Madoff Bail Decision Gets Biz Network Focus

It’s Bernie Madoff Day on the business networks, as a judge is set to rule shortly on whether the financier should have his bail revoked and be jailed immediately. Correspondents on every network have been reporting live from Madoff’s Upper East Side apartment as well as the court house, including those for the cablers. CNBC employed a “Madoff Watch” box in the lower right corner of the screen, showing a live shot of his apartment during non-Madoff segments, around 6amET — FBN followed suit a few hours later. There’s also a “Bail Ruling” countdown in place on both networks:

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A ruling is expect around NoonET.

CNN Docs Premiere This Weekend

romans_1-7.JPGAs one Doc is potentially exiting CNN, two other docs will premiere on the network this weekend.

The first is a television version of the documentary, “I.O.U.S.A.”” Following the premiere at 2pmET on Saturday, Ali Velshi and Christine Romans co-host a panel discussion with policy leaders. It re-airs Sunday at 3pmET.

The other special takes a look at the Bernie Madoff scandal. “Madoff: Secrets of a Scandal — A CNN-Fortune Special Investigation” is hosted by Romans and Fortune‘s Andy Serwer. It premieres Saturday at 8pmET and is re-aired on Sunday at 8pmET.

FBN Reports Who Else Lives in Madoff’s Building

fbn_1-6.jpgFox Business Network’s Sandra Smith spent much of yesterday outside Bernie Madoff‘s apartment, reporting on his first time leaving the building in weeks. But she also gave “some color” at 4pmET yesterday — about NBC’s Matt Lauer.

“Matt Lauer just walked up to the building, he lives in Bernie Madoff’s building, had a scuffle with the media and next thing we know, police are down here trying to regulate the scene,” said Smith.

An NBC spokesperson tells TVNewser, “This report is incorrect,” saying the police activity had nothing to do with Lauer.

Smith reported Lauer was with his son at the time. “Ah Manhattan, you gotta love Manhattan,” said anchor David Asman.

Other publications have noted that Lauer lives in the same building as Madoff, including Fortune which took a closer look at the Upper East Side luxury building.

> Update: An FBN spokesperson tells TVNewser, “Sandra fully stands by her story.”

The Ticker (p.m. edition): Jobs, Madoff, Cooper…

> Webnewser has the video of a Dennis Kneale joke about Steve Jobs that didn’t exactly go over well on CNBC this afternoon. He later apologized.

> Fox Business Network had exclusive video today of Bernie Madoff leaving his apartment to attend a bail hearing. It was the first time he left his apartment “in a couple weeks,” according to FBN’s Sandra Smith. Update: CNN also had video of him leaving his apartment, which it played throughout the afternoon.

> CNN’s Anderson Cooper is currently reporting/anchoring from Israel. “If we had a choice we’d be on the ground in Gaza, but the Israeli government won’t let reporters get any closer,” writes Cooper on the AC360 blog.

The Ticker: Gaza, Burnett, Madoff…

> As the cable channels have spent the last few days reporting on the attacks in Gaza, PBS’ Worldfocus will devote tonight’s broadcast entirely to the situation. Interviews on the military and diplomatic fronts as well as how the story is being covered in Israel and throughout the Arab world.

> Newsweek tries to find the glimmer of hope in this year’s financial catastrophe…and it finds CNBC’s Erin Burnett: “Knowledgeable, politely opinionated anchor managed to maintain a smile as Wall Street melted down. Wall-to-wall crisis coverage vaulted the Bail-out Babe into the rarefied air formerly occupied by “Money Honey” Maria Bartiromo.”

> FBN aired “exclusive” video this afternoon looking into Bernie Madoff‘s apartment. How did they land the exclusive? “We actually went to a neighboring building and shot the penthouse where Mr. Madoff is shut in,” said reporter Adam Shapiro. Click continued to see the segment…

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“Chasing Bernie Madoff”…And His Accountant

fbn_12-23.JPGFBN’s Adam Shapiro got exclusive video (and a car wash) today of David Friehling, the only certified accountant tied to Bernie Madoff.

Upon arriving at Friehling’s Clarkston, NY home, Friehling’s son threw water on the FBN van. Or as Shapiro put it: “His son was very gracious…and cleaned our windshield for us.”

The FBN chyron notes Friehling was “talking to police” today, and Shapiro attempts to interview him as he’s leaving the station. Why was he talking to police? “He was filing a complaint I think about us, because we were waiting out on the street for him, to talk to him,” said Shapiro.

More on the Madoff situation comes tonight at 7pmET for an America’s Nightly Scorecard special, “Chasing Bernie Madoff.”

Click continued to see the segment…

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At Least Someone’s Benefiting From Bernie Madoff

The premiere of CNBC’s “Scam of the Century? Bernie Madoff & The $50 Billion Heist” last night brought in 670,000 Total Viewers and 243,000 viewers in the A25-54 demo making it CNBC’s highest rated documentary premiere telecast ever in both measurements.

The special was anchored by CNBC’s David Faber and included reporting from Faber, Charlie Gasparino, Mary Thompson, Melissa Lee and Scott Cohn.

It will re-air Sunday and Monday at 9pmET and, as a special gift, on Christmas Eve at 4pmET.

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