Saturday, December 27, 2014

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.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at or 215 854 5194.

Joseph N. DiStefano
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