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Jim Cramer is many BloggingStocks readers' favorite personality: he's brash, he's loud, he's smart. Although his CNBC shows, Mad Money and Stop Trading! have insanely high ratings, I've always thought of him as perfect for radio; so few of his bells and whistles really need your attention visually. It's all about the (literal) bells and whistles, moos and catcalls with Cramer.Yet, today the announcement: Cramer is set to end his radio show, RealMoney with Jim Cramer, to "focus on TheStreet.com Inc.'s video and multimedia initiatives." December 1, this Friday, will be the final nationally syndicated radio show. From now on, if you want Cramer? You'll have to get it on CNBC or purchase one of his sponsored videos.
This may be good news for TheStreet.com, Inc. (NASDAQ:TSCM), the company founded by Cramer and a single-minded Cramer-hyping machine. They're sure to get lots more revenue from those Cramer fanatics out there. The stock was up 40 cents, a whopping 4.78%, to $8.76 on the news. But it's bad news for radio, and especially CBS Corporation (NYSE:CBS), whose stock was down a few cents to $30.03 for the day.
Will we see a downfall in radio? Is our world so image-obsessed that we can't live without the visages of our favorite personalities? Or is this just a play of greed by Cramer and TheStreet.com -- they didn't like to share any of the profit with CBS and its radio affiliates? Is audio-only dead?
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Reader Comments (Page 1 of 1)
11-29-2006 @ 7:43PM
gumbo said...
There is a lot of hearing-impaired guys around here being clueless which is grossly unfair. It is nice to know that we are now on even grounds with the lucky hearing bastards@!!!
11-29-2006 @ 8:44PM
Dale said...
I really liked being able to listen to his radio show live, or listen over the Internet, or even download the MP3 audio file; all for free. Now if he is going to go to paid video clips on his website, I will not be a happy camper. There will be a lot of his fans that won't be able to afford it.
12-15-2006 @ 1:38PM
Jack said...
As for me, I MUCH prefer to listen to Cramer on the radio than view the TV show. Many of us are interested in the information about stocks---not all of that showmanship crap that he does on TV.
Come on Cramer, make your TV show more like the radio show. I respect your views but I'm not interested in the garbage.
11-30-2006 @ 11:31PM
Nick said...
I can't watch him on TV. Just got hooked on his radio show and now this. It sucks!!! I feel a lttle betrayed, really thought Cramer was all for helping the little guy, not just himself...
11-30-2006 @ 1:46PM
Geno said...
It's always sad to see people cry about the changes life brings. One would think they would adjust and get over it. Life goes on, whether they come along for the ride or not.......
11-30-2006 @ 5:29AM
Sher said...
As long as I get him on CNBC Sirius Sat. Radio. That's fine. !
11-30-2006 @ 6:33AM
dozerdave said...
Don't be surprised if you hear that he's signing on with SIRIUS or XM radio, big money for top personalities.
Most likely SIRIUS they are based out of N.Y.
11-30-2006 @ 6:39AM
Manuel Mendez said...
HOUSE OF PAIN for radio...BOUYAH! for Video!!!
11-30-2006 @ 7:03AM
Will Quick said...
Does Cramer-or his folks--have contact with Jon Lebed, the "bump and dump" guy? Lebed recently claimed to have made better stock recommendations
Is Cramer's publicly held stock company traded over NY exchange?
11-30-2006 @ 7:35AM
Michael Schneider said...
The Street.com which is basically Cramer's company is listed on NASDAQ (TSCM). The stock is on th free list of Weird Media and Internet Stocks at www.Barrelomedia.com.
12-15-2006 @ 12:33PM
Kevin Price said...
I host a show on the Infinity Radio Network and rumor has it that Cramer was actually fired because of his demands. I discuss it at www.bizplusblog.com. I would love to get feedback from others who might have information of their own.