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Posts Tagged ‘Jack Welch’

Happy Silver Anniversary CNBC!

CNBC25

April 17, 1989, 25 years ago today, CNBC went on the air. The president of NBC at the time Bob Wright introduced viewers to the Consumer News and Business Channel (CNBC), calling it, “the most significant programing effort NBC has ever undertaken outside of the network.”

At the time, CNBC was not the only game in town. FNN, the Financial News Network, had been on the air since 1980. But on May 21, 1991 the two channels merged. CNBC would own the business TV news space for a few years. Bloomberg TV launched in 1994 and CNNfn launched in 1995. CNNfn shuttered 9 years later. Fox Business Network began giving CNBC a run for its money in October, 2007.

All day the channel is airing Throwback Thursday clips from the last 25 years. Joe Kernen kicked it off this morning on “Squawk Box.” “25 years ago Google didn’t exist… 25 years ago the Ukraine was part of the Soviet Union… 25 years ago, Jack Welch ran GE which owned NBC which started CNBC.”

MediabistroTV was at CNBC HQ yesterday for a “My First Big Break” interview with Jim Cramer. We’ll have that for you coming up in a few weeks on TVNewser. After the jump, a look back at 25 years of CNBC:

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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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Jack Welch ‘Not Sorry For the Heated Debate’ Over Jobs Numbers

Former GE Chairman and CEO Jack Welch is defending his position questioning the September jobs report. On Friday, Welch Tweeted:

“Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers.”

That Tweet — more than the numbers themselves — became the story on cable news. No stranger to cable news watchers, Welch did interviews on CNN, Fox News, CNBC and MSNBC, (the last two networks part owned by the company he once ran.) The debate continued on the Sunday public affairs shows as Obama adviser Robert Gibbs on “Meet the Press” said Welch “embarrassed himself.” NBC’s White House correspondent Chuck Todd  added: “The idea that Donald Trump, Jack Welch, rich people with crazy conspiracies, can get traction on this is a bad trend.”

Well, today in an op-ed in The Wall Street Journal (since he’s not writing for Fortune and Reuters anymore), Welch explained what he couldn’t in 140 characters.

As I said that same evening in an interview on CNN, if I could write that tweet again, I would have added a few question marks at the end, as with my earlier tweet, to make it clear I was raising a question.

But I’m not sorry for the heated debate that ensued. I’m not the first person to question government numbers, and hopefully I won’t be the last. Take, for example, one of my chief critics in this go-round, Austan Goolsbee, former chairman of the Obama administration’s Council of Economic Advisers. Back in 2003, Mr. Goolsbee

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Maria Bartiromo becomes first female journalist inducted into Cable Hall of Fame

CNBC's Maria Bartiromo presented the Cable Hall of Fame award by Larry Satkowiak, CEO of The Cable Center. (Photo: Oscar Einzig)

The Cable Show, the trade show for the National Cable Television Association, is underway this week in Chicago. And last night at the gala event of the week, the Cable Hall of Fame, CNBC’s Maria Bartiromo became the first female journalist inducted into the Hall. (CNN’s Bernard Shaw and trade publisher Paul Maxwell are also members.)

We talked with the Money Honey this morning between panels she’s moderating at the trade show. She’ll also be anchoring “Closing Bell” from Wrigley Field this afternoon, because tonight the Brooklyn native and Yankees fan is throwing out the first pitch as the Cubs take on the Milwaukee Brewers. “I’ve been going to Central Park to practice,” Bartiromo tells TVNewser. “It’s 60 feet! I just want to get it over the plate.”

TVNewser: Congratulations. I know it’s a busy day for you. What an honor. The Hall of Fame is mostly made up of cable innovators and executives. How did a journalist get on that list?

Maria Bartiromo: Thanks Chris. They tell me I’m the first female journalist on the list and I’m in awe of that. When they asked me to join this illustrious group that includes John Malone, Ted Turner, and Jeff Bewkes, I started to think about my career. Where has the time gone? I started my career as an intern at CNN covering live events, producing under Lou Dobbs. That was 20 years ago and now it’s been 19 years at CNBC covering the financial ups and downs. I feel incredibly proud — proud to be part of this industry.

TVNewser: Who are some of the people behind your success?

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Gasparino on Murdoch: ‘One of the few (if not the only) media executives who understands convergence’

Fox Business Network’s senior correspondent Charlie Gasparino, who moved from CNBC to FBN this year, sat down for a quick Q&A today to talk about the business leaders that he admired the most. He started with the former CEO of General Electric: “Jack Welch is high on my list because he’s a straight shooter in a business filled with BS artists.”

He also mentioned his new boss, CEO of News Corp., Rupert Murdoch as a business leader that he looked up to:

“Now this is going to sound a little self serving, but also high on my list is Rupert Murdoch, even when I worked at the competition. And here’s why: he’s one of the few (if not the only) media executive who understands ‘convergence’ - namely that survival of modern journalism requires a combination of skills from its practitioners: broadcast tv, radio and print.”

Willie Geist’s ‘Freak Show’ Party

TVNewser went to Willie Geist‘s party Friday night to celebrate his book, “American Freak Show.” Geist is the Co-Host of MSNBC’s “Morning Joe” and host of “Way to Early with Willie Geist.”

Some of the notable guests were the author’s father, CBS correspondent Bill Geist, president of MSNBC, Phil Griffin, as well as MSNBC hosts Joe Scarborough, and Tamron Hall, Arianna Huffington, former GE CEO Jack Welch, billionaire Mort Zuckerman, CNBC anchor Erin Burnett, Wall Street Journal columnist Peggy Noonan, NBC News president Steve Capus, and MSNBC political analyst Mark Halperin.

Fun, casual, and family-oriented, the party mimicked the spirit of the book, which is a satirical look at American politics and pop culture. In the basement of PJ Clarke’s, Geist’s friends, family, and colleagues ate everything from mini burgers and steak to oysters and lobster rolls.

TVNewser’s video is after the jump with comments from Geist’s dad, Hall, Scarborough, the author himself, and Geist’s uncle Bert. Read more

CNBC’s Michelle Caruso-Cabrera ‘You Know I’m Right’

TVNewser attended the book party for CNBC’s Michelle Caruso-Cabrera last night. The book, “You Know I’m Right: More Prosperity, Less Government,” is Caruso-Cabrera’s solution to what we should do about the economic and societal hardships of today.

Caruso-Cabrera, who co-anchors “Power Lunch” with Sue Herera and Tyler Mathisen, was proud of the turnout. “My colleagues all came out from New Jersey,” Caruso-Cabrera told TVNewser, “and some of them never come out.”

Among the guests: Jack Welch, former chairman and CEO of CNBC parent General Electric, and his wife Suzy Welch; fellow CNBC anchors Melissa Francis, Joe Kernen, and Tyler Mathisen made an appearance.

Maria Bartiromo Takes ‘Enduring Success’ to the Empire

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Maria Bartiromo greets the crowd at her book party tonight. As CNBC president Mark Hoffman, correspondent Scott Wapner and anchor Trish Regan look on.

We’re just back from the Empire Hotel on Manhattan’s Upper West Side where CNBC threw a party for anchor Maria Bartiromo on the publication of her new book, “The 10 Laws of Enduring Success.”

We talked with several of Bartiromo’s CNBC colleagues including anchors Trish Regan, who pulled out the Blackberry to show us a picture of her twins, now four months old. “I’m turning into one of those people.” As we were chatting, NBCU CEO Jeff Zucker came up to say hello. He was shown the baby pictures too.

Also here toasting Bartiromo, Melissa Lee and Melissa Francis, who’s just weeks away from delivering her second child. “Another boy,” says Francis. “I feel like I’m starting to be surrounded.”

Scott Wapner, Sharon Epperson, Michelle Caruso-Cabrera and Bob Pisani rounded out the CNBC anchor/reporter corps.

Bartiromo told us she’s been going non-stop for weeks. “And that says a lot for me,” she says. After an introduction from CNBC president Mark Hoffman, Bartiromo thanked her co-author Catherine Whitney and her CNBC colleagues.

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Former GE chairman Jack Welch among the guests.

More pictures after the jump…

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The Ticker: Minds, Matthews, Moxie…

> CNBC’s Maria Bartiromo hosts “Meeting of the Minds: The Future of Capitalism” tonight at 9pmET. The roundtable features former GE Chairman Jack Welch, Citi CEO Vikram Pandit, and Mark Morial, President and CEO of the National Urban League.

> FishbowlDC’s Matt Dornic went to the Michael Smerconish book party the other night where he got another “I’m not running for the Senate” from MSNBC’s Chris Matthews. • Read…

> FBN’s Liz Claman‘s got Twitter moxie: Fox Business taking the full Obama/Netanyahu news conference. Global, crucial, newsmaking. Other biz networks r ignoring. NOT US. Then later – The news conference is almost done, then we’ll be back on. GREAT guests coming up in both 2:30pET and 3pET. Hang in there with us.

Who Is the Real Morning Joe?

Kernen_4.16.jpgThis morning, GE honcho turned cable news mainstay Jack Welch was the guest host on CNBC’s Squawk Box. But Joe Kernen broke the news he preferred the other Welch.

Kernen: You were our second choice. (Suzy Welch) is busy, I guess.

Welch: She’s over on “Morning Joe.”

Kernen: I Know. “Morning Joe.” He’s been on two years and he’s Morning Joe. I’ve been on 13 and I’m chopped liver. That’s fine, Scarborough.

(PLAYING CRICKETS.)

Kernen: am I not the real morning Joe?

Welch: You are to me.

Kernen: Thank you. So tactful.

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