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CNBC Staff 'Furious' at Quiet Cramer

They say he didn't defend the network strongly enough

By Matt Cantor,  Newser Staff

Posted Mar 14, 2009 10:51 AM CDT

(Newser) – It's been a tough week for Jim Cramer. After his public skewering from Jon Stewart, colleagues at CNBC are "furious" that he didn't put up a better fight, writes media critic Howard Kurtz of the Washington Post. Nobody goes on the record, but Kurtz says many are upset that Cramer didn't accuse Stewart of taking things out of context through the selective editing of clips. For his part, Cramer is telling colleagues he felt "blindsided."

The network—hardly the only financial news organization to stumble ahead of the crisis, notes Kurtz—refused interview requests but said, “We are proud of our record.” As for Stewart, he clearly raised his profile and reputation. He "morphed into a populist avenging angel this week,” Kurtz writes. “People view him now as a truth-teller, not a joke-teller,” adds another media columnist.

Jim Cramer and Jon Stewart debate the network's coverage.
Jim Cramer and Jon Stewart debate the network's coverage.   (AP Photo/Jason DeCrow)
Jim Cramer, in 2007 file photo.
Jim Cramer, in 2007 file photo.   (AP Photo/Edouard H.R. Gluck)
Jim Cramer, left, host of the Mad Money show on CNBC, talks with Jon Stewart.
Jim Cramer, left, host of the "Mad Money" show on CNBC, talks with Jon Stewart.   (AP Photo/Jason DeCrow)
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(Stewart is) a 2009 version of Will Rogers—a social commentator who pokes holes in people who don't usually get holes poked in them. - Steve Friedman, former top executive
at NBC and CBS

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COMMENTS
Showing 3 of 16 comments
Snowleopard
Mar 15, 2009 3:14 AM CDT
The Daily Show is playing an important role - it's holding journalists to the fire when they're being hypocritical or not acting in the public's best interest. CNBC was long overdue for a good reaming.
Guest
Mar 15, 2009 2:44 AM CDT
We got complacent. Do doubt about it. We have been accepting this for a long time. Aiding and Abetting it by continuing to LITERALLY buy their crap. So, it sounds like we not only need to make sure MSM knows we are moving away from them, but also WHY we are moving away from them. Jon Stewart spoke for us. He has made us laugh and educated us the whole time. You know; he REPORTED on subjects that we needed to know about; albeit through satire. What is so sad is that satire is news these days and news is satire.
Nxxxx
Mar 14, 2009 11:32 PM CDT
Surely the people who MIGHT be offended by the JC thing are so filled with boundless joy, love, peace and forgiveness that such a trifle wouldn't matter...right?? As for the bald JC, he knew what he was walking into and he had no defence. JS made it perfectly clear he understood JC was, unfairly, the public face of the whole brouhaha...funnily enough, just like the other one.
 

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