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Posts Tagged ‘Kevin Magee’

The Ticker: CNN, Biz Nets, Oliver

  • TV news analyst Andrew Tyndall pens a column in The Hollywood Reporter about CNN’s wall-to-wall coverage of MH370. Although the coverage “has been vindicated by increased ratings,” Tyndall notes it was not without its drawbacks: “Too often [CNN] abandoned actual journalism — reporting events known to have happened — to engage in speculative discussion of increasingly cockamamy theories (black holes?) about what happened inside the plane.”

  • In an ad airing on CNBC’s “Squawk Box” this week, Maria Bartiromo is urging viewers to “come on over” to her new Fox Business show. The ad is a “change of address card” for Bartiromo, FBN EVP Kevin Magee tells Variety.

  • As former “Daily Show” correspondent John Oliver prepares to launch his fake HBO news show, he tells The Washington Post that the real cable news channels have become like “ADD children, banging around from story to story then returning to their main story, which is where the [Malaysia Airlines] plane is. They’ve basically become like news jazz. It’s the stories they don’t tell; that’s what you’re really supposed to be listening to.”

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Deirdre Bolton’s FBN Show to Launch March 31

deirdre bolton“Risk and Reward with Deirdre Bolton,” the latest addition to the Fox Business daytime lineup, will debut March 31, FBN EVP Kevin Magee announced today. The program will provide coverage of breaking market news, as well as “an in-depth look at non-traditional ways to make money beyond just stocks and bonds.”

Bolton’s show was announced as part of FBN’s programming changes that went into effect when Maria Bartiromo‘s show launched in February. Bolton joined Fox Business from Bloomberg TV, where she worked for 15 years, last month.

“We’re excited to add Risk and Reward with Deirdre Bolton to our lineup. Alternative investing is an immensely untapped field and Deirdre’s expertise in this area will help broaden our market hours coverage,” Magee said in a statement.

“I’m thrilled to join the FOX Business Network and create a new home for alternative asset strategy and education,” Bolton said. “We hope to make Risk and Reward a one-of-a-kind program that will help viewers navigate the vast world of investment choices, find more ways to make money and better ways to keep it.”

FBN Developing Alternative Primetime Show

tracy byrnesFox Business Network has announced the development of an original alternative primetime program, “Strange Inheritance,” that will debut later this year. The half-hour documentary show, hosted by Tracy Byrnes, will showcase real-life stories of unconventional inheritances.

“Strange Inheritance” will be produced by an outside production company, Towers Productions LLC. In-house oversight will be managed by Brian Gaffney, who was recently promoted to director of special programming for FBN. Gaffney, previously an executive producer of Fox News’ documentary unit, has been with Fox since 2002.

“A venture like Strange Inheritance helps us diversify our primetime programming. Its eccentric premise is a compelling option for a business audience after hours,” FBN EVP Kevin Magee said in a statement.

FBN says the show will begin production in late February and debut this summer.

Amid FBN Programming Shift, Some Staffing Changes

KnealeFollowing the announcement of Maria Bartiromo‘s new FBN show, and other changes to daytime programming, TVNewser has learned three longtime FBN staffers have been cut, including Dennis Kneale, who co-anchored the Noon hour, part of the “Markets Now” block of programs, which has been canceled in the changes.

Kneale joined FBN from CNBC in 2010. He covered media and technology for much of his career and is a past managing editor of Forbes, and spent 16 years with the Wall Street Journal.

Andy Hoffman, who was executive producer for Market Hours programming (9am-4pm), will not have his contract renewed. Hoffman had been with FBN since launch in 2007. He joined from ABC where he was a senior producer at “Good Morning America.” Before that, he spent 7 years at CNBC. Lou Giserman, a senior producer for market hours, will also be leaving the network.

“The anchors, reporters and production teams in place are poised to produce business television that is approachable, comprehensive and provides critical analysis of this important economic climate,” says FBN EVP Kevin Magee. “Our new programming structure emphasizes our financial acumen and wide breadth of experience and we look forward to its debut on February 24th.”

Magee adds that he “appreciated Hoffman, Giserman and Kneale’s service to Fox Business” and stated that “no further staffing changes are being considered with the elimination of Markets Now and the new overall programming format.”

From ‘Closing Bell’ to ‘Opening Bell’: Maria Bartiromo’s FBN Show to Launch February 24

Maria Batriomo FBNFirst on TVNewser: Maria Bartiromo‘s new Fox Business show officially has a name and a place in the FBN lineup. Beginning February 24, the former CNBCer will host “Opening Bell with Maria Bartiromo” from 9-11amET.

Bartiromo officially joined FBN from CNBC, where she anchored “Closing Bell with Maria Bartiromo,” last month. She made her first FBN appearance yesterday and she will be on “The O’Reilly Factor” making her first Fox News appearance tonight.

The launch of Bartiromo’s show sets off a slew of changes to the FBN lineup. With Bartiromo going on the air at 9amET, “Imus in the Morning” will end 20 minutes earlier. “Varney & Co.,” which currently airs from 9:20 to 11amET, will slide to 11am to 1pmET. “Markets Now,” FBN’s four-hour block helmed by a rotating cast of FBN anchors, will be condensed to one hour and will air from 1pmET-2pmET.

Fox Business has also announced the hire of Deirdre Bolton, who joins the network after 15 years at Bloomberg TV. When Bolton officially joins FBN later this year, she will take over the 1pmET hour with an as-yet-unnamed show.

The channel has also announced a few other programming changes: “Money with Melissa Francis” will move from 5pmET to 2pmET. In a reversal of the primetime shakeup FBN implemented in 2012, “The Willis Report with Gerri Willis” will move back to 5pmET and “Cavuto” will move back to 6pmET, with a re-air at 8pmET.

“Our new schedule will enhance our ability to deliver timely key business news and we are thrilled to debut fresh programming with an all-star team,” Fox Business EVP Kevin Magee said in a statement.

Why Biz Network Ratings Continue to Slide

BixNetworksLogos

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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Charlie Gasparino Re-Signs With Fox Business

Fox Business has re-signed Charlie Gasparino to a multi-year deal. Gasparino will continue in his role as senior correspondent for both FBN and Fox News Channel.

“Charlie thrives on holding Wall Street accountable and his tenacious, hard-nosed approach to journalism has made him one of the most respected reporters in the industry. We look forward to his continued success in breaking market-moving news,” FBN EVP Kevin Magee said in a statement.

Gasparino joined FBN from CNBC in 2010. In a statement, he praised FBN, saying the network “doesn’t play the Wall Street apology game, which gives me the freedom to do my job.”

Booking Wars: ‘Business leaders are not going to be blackmailed’

Investor Place follows up on the CNBC booking policy story. The author, Jeff Reeves, is a regular guest on cable business news himself, and he talks to other guests and TV executives.

He praises CNBC for the quality of the programming, but also argues that the old days when CNBC was the only game in town are over.

CEOs have a choice of TV networks (even if CNBC is still the big dog) but can also publish their thoughts themselves, as Tesla CEO Elon Musk recently did responding to a New York Times review.

If I were in the booking department of CNBC, I would think twice about some of this lest big-time CEOs and hedge fund managers tire of the whole affair.

Or as Kevin Magee, the executive vice president of Fox Business Network, said to me more bluntly, “Business leaders are not going to be blackmailed, much less be dictated to by some booker in Englewood Cliffs.”

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Don Imus Re-Signs With Fox Business Network

Fox Business has re-signed Don Imus to a multi-year deal. Imus’ radio program, “Imus in the Morning,” will continue to simulcast on FBN weekdays from 6-9amET.

“Imus has been a great addition to the FBN team bringing a business savvy program that informs and entertains our pre-market audience,” FBN EVP Kevin Magee said in a statement. We look forward to continuing our success in the years to come.”

“Imus in the Morning” debuted in 2009 and is one of the top-rated programs on FBN. It was also announced today that he has signed a three-year deal for his radio show with Cumulus Media.

More in FBN’s release after the jump.

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Inside the Book Party for Melissa Francis’ Diary of a Stage Mother’s Daughter

Melissa Francis jokes that she wants to be writer when she grows up. The Fox Business Network anchor is already on her second career. And with the publication of her memoir, “Diary of a Stage Mother’s Daughter,” she’s on her way to fulfilling that adulthood dream. Francis was feted last night at Astra, an event space overlooking Manhattan’s East River. The memoir is a brutally honest, sometimes painful, yet touching story of life as a child actor. After dozens of commercials, her first big break came on “Little House on the Prairie.”

In a Media Beat interview this summer Francis told us the book, includes “the typical family dramas, set against the backdrop of a very unusual childhood.”

But last night, no drama, just celebrating. Among the guests, FNC/FBN c0-founder and chairman Roger Ailes, FBN EVP Kevin Magee, anchors Neil Cavuto, Liz Claman, Lori Rothman, Cheryl Casone, Elizabeth MacDonald, Tracy Byrnes, Sandra Smith, Nicole Petallides, Tom Sullivan and Dennis Kneale.

From FNC, we spotted Bill Hemmer and chatted with Megyn Kelly about election night, and the moment that took her from the studio through the bowels of Fox News to the decision desk as they explained calling Ohio for Pres. Obama, giving him the election and giving Karl Rove agita. Following many long months of election coverage and, more recently, of Hurricane Sandy, which left her without power for a week, Kelly was looking forward to taking today off.

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