Tuesday, November 24, 2015

Gasparino drops CNBC, joins Fox

"My job is to rip the lungs out of the competition"

Gasparino drops CNBC, joins Fox


Charlie Gasparino, the ex-Wall St Journal reporter turned breaking-news-and-business-gossip reporter for CNBC, has switched to smaller but well-funded Fox Business Network. 

A former Wall Street Journal and Newsweek reporter, Gasparino was the first to report that the federal government was considering a bailout of the insurance giant American International Group," reports Washington Post's Howard Kurtz here. He quotes Gasparino: "My job is to rip the lungs out of the competition for Fox Business Network."

Also says Kurtz: "Fox Business reaches 50 million homes, about half as many as CNBC. In recent weeks the Fox channel has averaged between 50,000 and 80,000 viewers. CNBC drew 236,000 last month, a 24 percent drop over the previous year but still several times larger than Fox's audience." Bloomberg TV is also in there, somewhere.

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PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, 215.854.5194, @PhillyJoeD. Read his blog posts at http://www.philly.com/PhillyDeals and his Inquirer columns at http://www.philly.com/philly/columnists/joseph-distefano/. Bloomberg posts his items at NH BLG_PHILLYDEAL.

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