CNBC’s Dennis Kneale, who was pulled off of the network’s mid-day show “Power Lunch” in June, may be set to leave the network, according to Daily Finance’s Jeff Bercovici.
Bercovici cites sources as saying that Kneale’s contract, estimated to be worth around $500,000 a year, will not be renewed, but “there’s an outside shot that he could still work out a deal,” provided he accepts a lower salary.
A CNBC spokesman tells TVNewser that “Dennis is currently under contract and I won’t comment on the contract status beyond that.”
“The markets are the world’s greatest Rubik’s cube,” says CNBC’s Rick Santelli. “And I love solving puzzles.”
In fact, as he provides live updates each weekday from the CME (Chicago Mercantile Exchange) group trading floor, Santelli feels his mission is to put the pieces together, helping viewers figure out where the markets — and the nation’s economy — are headed.
“These are important topics that are going to affect every man, woman, and child in the world,” Santelli tells TVNewser during an interview between live shots, “and I want to do my best job to portray it as I see it in an honest, objective fashion.”
A “Chicago guy that started out as a runner” in 1979 for Shearson, Santelli “worked my way through” as a trader and financial services executive before — by fluke — being asked to provide television commentary.
Santelli discovered he liked TV. He started making guest appearances on CNBC in 1994, joining the network full-time in 1999.
Regular viewers soon came to realize Santelli isn’t exactly shy about debating the news of the day. He’ll mix it up with fellow CNBCers Steve Liesman and Dennis Kneale, among others.
Santelli calls his most heated moments “passionate outbursts, but ‘rants’ is okay [too], I really don’t have a problem with it!”
His most famous rant — against the administration’s Homeowners Affordability and Stability Plan — came in February of last year. The Rant-Heard-’Round-the-World catapulted Santelli into the national consciousness, even drawing a rebuke from White House press secretary Robert Gibbs.
Nearly a year and a half later, The Rant remains both popular and misunderstood, Santelli says. He wants to set the record straight.
CNBC Media & Technology Editor Dennis Knealesits down with Business Insider to discuss his time at the network as well as his future in Englewood Cliffs. Some recent dayside adjustments — and the September cancellation of “CNBC Reports,” which he said he hopes isn’t his only shot — have left Kneale unsure about his direction there:
In early June, CNBC plans to slice the daily two-hour format of “Power Lunch” in half, airing it just an hour a day to make room for a new half-hour show anchored by David Faber and a half-hour “Fast Money Halftime Report.” It isn’t clear whether all four anchors of “Power Lunch” will hold on to their spots in the one-hour remake. Kneale himself admits he doesn’t know: “They haven’t told us,” he says of CNBC brass.
Publicly discussing the ambiguous state of your job may seem strange, but Kneale doesn’t seem to think it’s a big deal. Mediaite’s Steve Krakauerasked if Kneale “sealed his CNBC fate,” to which Kneale replied, “guys! it was really that bad, tenure-threatening? seemed like pretty tame stuff to me.”
Kneale joined CNBC from Forbes in 2007. He is also well-known for having gotten in a fist-fight with the internet.
Exclusive: TVNewser has learned CNBC on-air editor Charlie Gasparino is leaving the network and is expected to join Fox Business.
Gasparino, who has broken some of the biggest financial news stories both before and during this current crisis, hasn’t appeared on CNBC for several weeks. He’s also had some publicized on-air dust-ups with his CNBC colleagues, including this one with Dennis Kneale and this one with former CNBC anchor Dylan Ratigan.
CNBC Reports with Dennis Kneale is going away effective today. Beginning Monday the 8pmET hour will be replaced with CNBC documentary programming, which means CNBC’s entire primetime will be made up of docs.
CNBC spokesperson Brian Steel tells TVNewser, “Due to the incredible success of CNBC’s original documentaries CNBC is committing additional resources and programming to its long form unit.” Kneale will now be a part of “Power Lunch,” Monday-Friday from Noon-2pmET.
The NYObserver’s Felix Gillettecaught up with Kneale this afternoon. “They always told me it was a temporary gig,” says Kneale. I was lucky to have 5 months anchoring my own show on national television. It was fun.”
“The quality was high,” he added. “The ratings were low.”
The average for September was 103,000 Total Viewers and 35,000 in A25-54, both considered scratches on CNBC. (per Nielsen, a program will scratch on CNBC if it’s below 123,000 Total Viewers and below 53,000 in A25-54)
Jerry Burke, a former Fox News executive, who had been overseeing CNBC Reports will stay on with the network.
Upcoming CNBC original documentaries include: “The New Age of Walmart” on September 23rd; “Coca-Cola: The Real Story Behind The Real Thing” on November 11th; and “Inside the Mind of Google” on December 3rd.”
Wednesday evening, President Obama will address the joint session of congress at 8pmET. On Friday, we reported that ABC, NBC, and CBS would be carrying the address and the subsequent GOP response (FOX broadcasting would not). Now, we’ve got full evening plans for the three cable news networks:
Keith Olbermann will anchor MSNBC coverage at 8pmET and then host a live “Countdown” at 9pmET. “Rachel Maddow” will be live at 10pmET and a live “Ed Show” will be on at 11pmET.
Neil Cavuto will anchor Fox Business Network coverage from D.C. and host a post-address roundtable with former Speaker Dennis Hastert, Gov. Ed Rendell, and former H&HS Secretary Michael Leavitt (among others). Cavuto will be hosting a special edition of “Cavuto” from 6pmET until the address.
> Gawker obtained internal emails related to a December Today show booking of Gov. Rod Blagojevich. Blago was bumped for breaking news stories, including “leno getting his own show at 10pm.” It just so happens the Feds arrested Blago that same day.
> Gen. Colin Powell will be on CNN’s Larry King Live tonight at 9pmET for the hour. Topics: the Henry Louis Gates/Cambridge police situation, Obama @ 6 months, and the future of the GOP.
> CNBC’s Dennis Kneale hosts “Realty Check,” a CNBC Reports special tonight at 8pmET. The real estate special will focus on the markets, mortgage rates and whether now is the time to buy or sell.
CNBC’s Dennis Kneale has made html headlines the past month for, in large part, the battle that’s broken out between himself and that horrible bane of the print and broadcast media: “the blogosphere.” A recent NY Observer article chronicles the conflict and provides some new insights from Kneale himself.
Mr. Kneale called the “digital dickweeds” cowardly and cynical. “I say dickweed because apparently it is indeed a plant akin to pond scum,” said Mr. Kneale, “and name-calling seems to be the lingua franca of the blogosphere.” Afterward, Mr. Kneale’s producer told him that his outburst was poetry, the best thing he’d done on the show.
If it seems out of the ordinary for such an established figure to launch this kind of an assault on what can often amount to a handful of small-audience contrarians, it is. But the whole thing does seem to fit with Kneale’s self-described on-air personality:
Over the years, picking a fight with another member of the media has proven to be a reliable staple of the cable news genre. But historically, the strategy has been to “punch up” at a bigger target, not to beat down on pygmy bloggers struggling at the lower rungs of the trade. Mr. Kneale said his beef with anonymous bloggers was not some phony yelp for attention. “This is not an attempt by me to stand out,” said Mr. Kneale. “It turns out that I stand out anyway. Unfortunately, I have a high obnoxious quotient. I try and reign it in. Maybe one thing new is that at 8 oâ€™clock at night, I don’t have to.”
To be clear, Kneale doesn’t actually hate this blog, all blogs or the internet in general, even if it is sometimes a forum for harsh criticism directed at him. As Kneale explains, he’s had harsh criticism for plenty of others, but he’s always put his name on it, a fact that makes him proud. Apparently, the trend goes all the way back to his teenage years:
As a junior in high school, Mr. Kneale wrote a brutal takedown in the student newspaper of his school’s chorus concert. The furious choral director dragged him to the principal’s office. “I wrote the mean review on the record,” said Mr. Kneale. “Not anonymously. My mom taught me, ‘Don’t say something if you can’t say it to somebody’s face,’” said Mr. Kneale.
Dennis Kneale, the former Forbes managing editor-turned-CNBC anchor has been taunted and tweeted about for long enough. He’s held his tongue for 20 months since joining the network. But the last straw came last week when an anonymous blogger published what he/she thought was Kneale’s Brooklyn address.
And so last night, he offered an “olive branch” to all of his “bitter blogger bullies.” “Up Yours!”
That was last night. After the jump, Kneale on bloggers from his show Monday night…