Total viewers for the business day are up 21% year-over-year for the first quarter to date.
Audiences are larger than they've been in seven years.
The script was nearly written, and someone had laid out a spread of pasta, salad, and chocolate-covered strawberries on a conference table. " he said, ticking them off as he shifted back and forth on his feet.
In two hours the news team would go live with a special documentary cobbled together that day.
Like everyone in the cable business, he is under constant pressure to build a business online that will outlive traditional TV, and few think Ailes and Murdoch will rest until they nail a winning formula at FBN. Volatility paired with optimism benefits CNBC because people want to know what to do with their investments.
But after the tech crash, CNBC's viewership plummeted.
When he returned as president in 2005, ratings had hit their lowest level since the channel launched in 1989, and primetime was given over to reruns of the Conan O'Brien Show, as well as fare like tennis pro John Mc Enroe's talk show, which sometimes earned a Nielsen rating of 0.0.
Hoffman, who came up with a four-part mantra for the channel - fast, accurate, actionable, unbiased - began his CNBC tenure wandering the newsroom floor, checking in with reporters directly.
CRAMER: No, you had my friend [ business columnist] Joe Nocera on, and Joe called me and said, "Jim, do I need to apologize to you?
" Cramer responded: CRAMER: I think that there are people who bear so much more responsibility that it's just wrong-headed -- the politicians, the regulators, the SEC, the lenders, the investment banks. But I don't think anyone should be spared in this environment." Cramer also stated of CNBC that "we're fair game. We've been out front and we've made mistakes." From the March 19 edition of NBC's VIEIRA: OK, before I let you go, Jim, this is your first appearance here since the appearance on Jon Stewart's show. " VIEIRA: So, you don't think the media bears any responsibility, Jim? There's some people who really should get in line to do -- to really take the responsibility. I think that that's kind of the fundament of what we all as journalists try to do. CRAMER: I think that everyone could come in under criticism -- STEWART: Right.
CRAMER: I think that there are people who bear so much more responsibility that it's just wrong-headed -- the politicians, the regulators, the SEC, the lenders, the investment banks. CRAMER: -- because we all should have seen it more.
Six months after Rupert Murdoch launched a business network set to take out the peacock with the same tenacity that Fox News tromped CNN, quite the opposite has happened: CNBC has instead emerged stronger from the competition. If you tuned in, you couldn't have missed the sarcasm in her voice as she referred to Jersey as "sleepy" and "bucolic," saying, "It's hunting season, and we hear that peacocks are in season." Chances are, however, you did miss it.
Fox Business Network (FBN) declined to make any executives available to interview for this story, but at a recent media conference, while talking about increasing distribution for the channel, Murdoch said, "We've got to get to 60 million homes, and then Roger can really blast CNBC." He was speaking of Roger Ailes, the swaggering TV exec who ran CNBC for six years before decamping to News Corp. "You never pull the trigger until you know that you can win," Ailes told attendees at a New York media breakfast in 2005. On FBN's first day on the air, stocks editor Liz Mac Donald reported live from the side of a highway in Englewood Cliffs, N. So far, fewer than 10,000 viewers tune in to FBN on an average day.