Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fund Managers Lose 14,000 Reasons to Go On CNBC Not Rated 2.3 Email Routing List Email & Route  Print Print
Tuesday, March 11, 2003

Fund Managers Lose 14,000 Reasons to Go On CNBC

by: Sean Hanna, Editor in Chief

Fund managers seeking the ear of the roughly 14,000 Merrill Lynch financial consultants had better change their booking schedule to add Bloomberg TV and drop CNBC post haste. The nation's largest broker will be changing channels next week.

Merrill Lynch honchos are in a tiff over negative comments made about the firm on CNBC's "Kudlow and Cramer" talk show. In response, they have barred their brokerage staff from watching CNBC in the office. Merrill is making its employees switch the channel to Bloomberg Television instead.

Both Lawrence Kudlow and James Cramer reportedly made comments critical of Merrill during a recent program. Kudlow has called on both Merrill Chairman David H. Komansky and Merrill CEO E. Stanley O'Neal to resign. Cramer had wondered whether Merrill's involvement with Enron would cause the firm to ultimately fail. The boycott applies to 20,000 Merrill employees who have access to the financial news station through their desktop computer.

Bloomberg TV should be a safer bet for the firm as Merrill retains a 20 percent ownership stake in Bloomberg LP. CNBC, of course, is owned by General Electric.

Merrill's move also reflects the waning influence of CNBC in investors and financial advisors. Still, the drop-off in attention paid to financial media is not stopping fund managers to book CNBC as a regular stop for their portfolio managers. Perhaps now they should book Bloomberg also.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

2.3
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use