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Posts Tagged ‘Mark Hoffman’

‘The Kudlow Report’ Cancelled, Larry Kudlow Becomes CNBC Senior Contributor

Environmental Portrait of Larry Kudlow, CEO, Kudlow & CompanyLarry Kudlow, who has been a part of CNBC for its 25-year history, is scaling back at the network. His 7pmET show “The Kudlow Report” will end its run at the end of the month, TVNewser has learned. Kudlow will stay on as a senior contributor to CNBC’s Business Day programs.

“The Kudlow Report” has been on CNBC since January, 2009. From 2005-2008, he hosted “Kudlow & Company,” and earlier in the decade he was part of “Kudlow & Cramer,” alongside Jim Cramer.

“In my career, I have encountered few television hosts with Larry’s range,” writes CNBC president Mark Hoffman in a note to staff, obtained by TVNewser. “As an interviewer, he is unfailingly polite and energetic, skillfully grilling guests but always ending a segment graciously. Larry has always brought great enthusiasm to every program and appearance.”

Hoffman says the network is working on “a new 7PM strategy.”

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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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The Ticker: MSNBC, FNC, CNBC

  • Ed Schultz‘s “The Ed Show” returns to MSNBC Saturday, May 11 at 5pmET. Airing Saturdays and Sundays, the show will debut as a one-hour program expanding to two hours this summer. “Ed” moved off weeknights last month.

  • CNBC president Mark Hoffman and his boss Pat Fili-Krushel are making executive moves. CNBC International president Satpal Brainch moves to Universal Networks Intl. as EVP. He’ll be replaced by current NBCU News Group CFO KC Sullivan. Both will be based in London.

Inside CNBC Prime, CNBC’s New Primetime Entertainment Block

The stars of CNBC Prime’s “Car Chasers”

Tonight at 9 PM, CNBC will launch its new primetime entertainment block, CNBC Prime. In a stark departure from CNBC’s daytime programming, Tuesday evenings will become dedicated to unscripted reality shows, albeit with a business twist.

“At first I looked at shows that I thought would be organic to CNBC, ‘could I do shows set in the Wall Street space?’ I instantly felt that it might be tough, because it isn’t that visual,” Jim Ackerman, senior VP of primetime alternative programming tells TVNewser. “I came across a pitch about these guys that are flipping cars, and I thought that what these guys do is very much akin to what a commodity broker does, but their commodity happens to be very visual, that commodity has a back-story, that commodity has an emotional impact on the people buying and selling it, and I thought, this could work for us.”

That show is “Car Chasers,” which will kick off the Prime block tonight alongside “Treasure Detectives.” CNBC plans to launch eight or nine series by the end of 2013. Still, regular CNBC or business news viewers may be caught off-guard that a network with such a lucrative dayside news schedule would branch out into entertainment.

“We had been building out vertically, business-related content into primetime for the last couple of years,” says Brian Steel, CNBC’s senior VP of public relations. “We have been successful with the long-form documentaries, and some of the out-of-house produced shows like “American Greed,” and candidly, we were coming off the sixth consecutive year of record operating profit, and we thought it was time to try something different, to try and broaden the audience that we already had.”
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CNBC Acquires ‘Nightly Business Report’

CNBC has acquired the PBS series “Nightly Business Report.” CNBC will move production of the show to its Englewood Cliffs, NJ world headquarters. For decades the show was co-anchored from the Miami studios of WPBT, NBR’s founding PBS sponsor.

The show has had several owners over the past several years. In 2010, WPBT sold it to a company run by Mykalai Kontilai, a public television program distributor who was also the manager for mixed martial artist Tito Ortiz. Kontilai sold the show to Atalaya Capital Management in 2011, who sold to CNBC today.

The show has seen cuts as Atalaya looked for a buyer. Seven staffers lost their jobs late last year when the the show’s Chicago bureau closed. The managing editor and executive vice president were also cut last year.

Beginning March 4, NBR will be anchored by CNBC’s Tyler Mathisen and Susie Gharib, the program’s current co-anchor, herself a former CNBC anchor. The network intends to maintain the familiar look, feel and format of the program which is seen on 180 PBS stations nationwide. “We are proud to take the reins of television’s longest running business program,” said Mark Hoffman, CEO of CNBC. “Our goal is to utilize our global editorial resources to both preserve and strengthen “Nightly Business Report.”

The show’s founding anchor Paul Kangas, retired in 2009 after 30 years of hosting the show.

Who’s In Line to Take Over at NBC News?

In his farewell note to staff, departing NBC News president Steve Capus writes, “I have much I hope to accomplish in the next phase of my career.” So, too, do the men and women vying to replace Capus. Capus says NBCU News group Chairman Pat Fili-Krushel “will be meeting with people throughout the division, and articulating her vision for the NBCUniversal News Group.”

There are strong internal candidates, some of whom, it has been announced by Fili-Krushel, will take on additional duties. Alex Wallace (above, right), who oversees “Today,” and “Rock Center” will now oversee “Nightly News,” where she was once EP. Wallace, who’s been with NBC since 2005, would be the first female news president after nine men have held the job since 1968.

Phil Griffin will likely be considered for the job. As president of MSNBC for the last 4 and a half years he has given the network an identity and boosted ratings, consistently topping CNN — a network his close friend Jeff Zucker now runs. A front office and internal concern would be the progressive programming on the network, often not in line with NBC News standards. Mark Hoffman, president of CNBC, cannot be ruled out. Nor can Capus’ deputy, Antoine Sanfuentes, (above, left) who will run day-to-day in the interim.

External candidates are also plentiful…

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NBCU News Group Chief Pat Fili-Krushel: ‘I have three strong business leaders running day-to-day’

NBC News Group chief Pat Fili-Krushel and NBC’s Andrea Mitchell.

Pat Fili-Krushel, Chairman of the NBC News Group, talks with the Wall Street Journal four months in to her new job overseeing NBCU’s portfolio of news networks. The former Lifetime, ABC and Time Warner executive does not have a news background, admitting, “I have three strong business leaders running day-to-day.”

Fili-Krushel is referring to NBC News president Steve Capus, MSNBC president Phil Griffin and CNBC chief Mark Hoffman. The WSJ writes, “Part of Ms. Fili-Krushel’s job will also be keeping the peace between executives accustomed to running their own fiefs.” Fili Krushel also oversaw last week’s change at the top of the “Today” show.

But for now, she says there won’t be any more “Today”-like turmoil in the months to come. At the moment, she’s on a bit of a listening tour.

“I’m spending a lot of time getting to know everyone,” she said. “I’m still in an exploration phase.”

Nanny Accused of Fatally Stabbing Two Children of CNBC Executive

Crime scene tape stretches across 75th St at Columbus Ave.

New York City Police are investigating a brutal double murder on Manhattan’s Upper West Side tonight. The New York Daily News reports the victims are two of the children of Kevin Krim, a CNBC Senior VP and General Manager of Digital. The children, 6-year-old Lucia Krim and 1-year-old Leo Krim, were stabbed to death by their nanny, who then turned the knife on herself. The New York Times reports:

Police Commissioner Raymond W. Kelly said that the mother, Marina Krim, had left her apartment a block from Central Park at 57 West 75th Street with one of her children, a 3-year-old girl. The two other children were left with the nanny, identified as Yoselyn Ortega, 50.

When Ms. Krim returned around 5:30 p.m., the commissioner said, she found a dark apartment. She went back down to the lobby to ask the doorman if he had seen the nanny and her children. When told that they had not left the building, she returned to the apartment. She turned the lights on in the bathroom and discovered her two children in the bathtub and the nanny unconscious on the floor.

Krim (right) joined CNBC in March from Bloomberg where he was head of Bloomberg Digital. More from the Times:

Ms. Krim had worked in California for a wholesaler of powders made from exotic fruits, like acai berries and pomegranates, according to her LinkedIn profile.

A neighbor said that in New York, Ms. Krim largely devoted her time to her children. This past year she taught a weekly early-childhood art class at the Hippo Playground Parkhouse on 91st Street.

> More: A joint statement from Brian Roberts, Chairman and CEO of Comcast, Steve Burke, CEO of NBCU and Mark Hoffman, CEO and president of CNBC:

A member of the CNBC family has suffered an unimaginable loss. The sadness that we all feel for Kevin, Marina and their family is without measure. Our thoughts, prayers and unwavering support are with them all.

“Today” show’s story Friday morning:

Pat Fili-Krushel Named Chairman of NBCUniversal News Group

Changes in the executive suite at NBCUniversal today.

Pat Fili-Krushel who joined NBC when Comcast took over, will now oversee a new unit called the NBCUniversal News group comprised of NBC News, CNBC, MSNBC, The Weather Channel and all their digital properties.

The presidents of those divisions, including NBC News president Steve Capus and CNBC president Mark Hoffman will now report to Fili-Krushel. MSNBC president Phil Griffin continues to report to Capus.

Fili-Krushel (left) joined NBCU from Time Warner where she was executive vice president of administration. At NBCUniversal she had overseen human resources, operations and business strategy but those responsibilities will be reassigned to other members of the senior executive team.

Before Time Warner, Fili-Krushel was with ABC where she ran the ABC TV network, including ABC News. This was during the same time NBCUniversal CEO Steve Burke was at the company. At ABC, insiders say, Fili-Krushel was Burke’s “fixer” and he may be closer to her than any executive at NBCU.

Hoffman and Capus will continue to serve on Burke’s executive committee.

In an email to employees, obtained by TVNewser, Burke writes, “This new division is designed to enhance collaboration among our news brands,” adding, “I am confident that placing all of these assets into one group will accelerate their growth, individually and collectively.”

Burke’s note after the jump…

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CNBC, Yahoo! Partner Up On Financial News

Yahoo! has struck its second deal with a major U.S. TV news organization in less than a year. This time, the company is partnering with CNBC on a “content, programming and distribution alliance” related to business and financial news.

As with the Yahoo!/ABC News deal back in October, no money will be exchanged, but content will be. As with ABC, the two companies will develop original web series featuring CNBC talent, and will share printed financial news, information and analysis on their sites.

Why make the deal? For Yahoo! it means getting a major “in” with Wall Street insiders and wealthy traders. For CNBC, it means expanding the channel’s online reach dramatically.

“This collaboration is about two leaders in their respective spaces coming together,” said Mark Hoffman, president and CEO of CNBC in a statement. “With CNBC taking a central role on the biggest business news site in the world, we now have the ability to provide real-time news, analysis and information to a larger audience and offer unmatched advertising solutions for marketers looking for access across multiple platforms.”

Back in October Yahoo! struck a similar deal with ABC News, leading to original web shows hosted by Katie Couric and Jake Tapper, among others. Since then, ABC has boasted of record-breaking online readership, though given the voodoo required to measure multiple websites on multiple platforms, the actual benefits aren’t entirely clear.

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