Is Jim Cramer the "Grinch who stole Christmas?" That's what his rivals at Fox Business Network want the world to think.According to Talking Biz News, the News Corp.-owned cable channel's holiday card features the head of the bombastic host of CNBC's "Mad Money" and chairman of my former employer TheStreet.com Inc. (NASDAQ: TSCM) on the body of the Dr. Seuss character. Cramer, also a blogger here, is dyed green for good measure.
There is even a bit of verse that begins: "You're a mean one, Mr. Cramer; You rant and rave every day; You told us all that Bear was fine, there's nothing more to say." The poem goes on from there. You can read the whole thing here.
When people find I out I worked for Cramer, people often ask me what he was really like. In our brief interactions, he was always pleasant and cordial. People who worked more closely with Cramer told me that he was not that much different than the guy millions of people see on TV. "Mad Money" is not an act. For all his many faults, Cramer really believes in what he is saying. That's why so many investors hang onto his every word and get infuriated when he changes his mind.
Though his minions are attacking him now, News Corp. (NYSE: NWS) head Rupert Murdoch would love to have Cramer on his young network. Fox launched its challenge to the General Electric Company (NYSE: GE)'s network just as advertising went south. Ratings were so bad that Fox would not release them earlier this year. NBC head Jeff Zucker recently denounced Fox Business Network as "irrelevant."
Murdoch's team bragged it would offer a pro-business alternative to CNBC. The notion that CNBC is "anti-business" is laughable.
Cramer is now part of mainstream popular culture. Fox's talent just is not in his league.
Do you think that thousands of college kids would shout out the name of Neil Cavuto? I didn't think so.











Reader Comments (Page 1 of 1)
12-17-2008 @ 5:53PM
joe said...
actually CNBC is Pro-day trader, pro-hedge fund and never in my day to day watching ever airs a letter that explains they are just as responsible for these made up bubbles as anyone. SEE the announcement of what GS thinks oil is doing everyday this summer. They are "pro" being the mouthpiece for big money and just as responsible for being a facilitator of a self fulfilling economic downturns. If you keep reporting doom and gloom like CNBC does. thats exactly what you get! Bring on a new network.!!
12-17-2008 @ 5:58PM
shawn said...
wow, I'm amazed at the level of hatred coming from the left with articles such as this written with as if credible, which certainly is far from the case. Keep trying to pull the wool over our eyes, Mr. Jonathan Burr. Fox's continued blowout in ratings continues to eat the hell out of the failures of the sorry "networks" of NBC and MSNBC.
12-17-2008 @ 6:11PM
showntellmediawanabees said...
The notion that NBC head Jeff Zucker is "relevant" is laughable. For anyone to value what Zucker thinks after he ruined NBC is simply scary. Mr. Berr, it seems you have your "facts" all jumbled up in your scrambled egg mess of a brain. CNBC doesn't thank you.
12-20-2008 @ 8:32PM
Bobby said...
Here's the real story, the divide is widening. There is no consensus on what it will take to heal the financial woes of this country, only political finger pointing & pseudo intellectuals shunning fundamentals. Let's pump some more cheap liquidity into the market so we can refinance all the false equity already introduced long term. Years of asleep at the wheel & chaos reigns supreme. There are no gurus,, only second guessers.....
12-17-2008 @ 7:48PM
Rob said...
It's no wonder this blog is dead.
Many polls show that Fox has a pretty balanced viewership and very high ratings. I'm not sure where the author is getting his "facts". We are truly an incredibly polarized nation.
First time reader...and last time reader. Good luck.
12-17-2008 @ 9:10PM
Joe said...
Cramer was screaming yesterday that we all need to run out and buy real estate immediately. He's spewing the party line. That's the last thing anybody should do if they value their money.
12-22-2008 @ 9:16PM
Ynot said...
Jim Cramer is a wall street thug, whos only interest is keeping his job and could care less about what happens to your money. If this clown had any clue, he should have seen this financial time bomb coming a year and a half ago. Instead, all he did was spew the same bull his wall street bed fellows did to keep their pockets full. Wake up folks, if you aren't in their little group, they will take you down!!!!
12-18-2008 @ 2:16AM
Jessy Scholl said...
First off, the author is talking about the general ratings between Fox Business and CNBC.
Second, it is always the nature of FOX to attack somebody that is successful on another network, ie Keith Obermann at MSNBC. Bill O'Reilly actually thought that Keith should be fired and actually put in a petition asking MSNBC to do just that, but that petition became silly when Keith himself signed it and had his co-workers and boss sign it as well.
As for Jim Cramer, he is right some of the time. His advice to buy real estate may or may not be wrong. It depends on where you live, but the gist of his message is that if you think the real estate market has reached a bottom, now is the time to buy. I watch his show whenever I can, and he teaches that we should spread stock ownership around to make sure we have a winner while subscribing to the buy low, sell high theory.
Finally, I think this card could get FOX Business Parent News Corp into tons of trouble. Last I checked, I believe Time Warner owns "The Grinch" trademark, and can sue News Corp for copyright violations.
12-18-2008 @ 6:40AM
utfb said...
Yea, I knew it the first time I saw old Jimbo he was the real deal. Human though he may be, but then too we're all human and we wouldn't have it any other way. Keep telling it like it is baby...
12-18-2008 @ 10:05AM
Jeff said...
Sorry John - that the same people who don't know how to write a Christmas card are commenting on your blog.
Hatred from the left? Blowout ratings?.... who are these people?? FBN has horrible ratings and they are the ones writing nasty Christmas cards, but according to them the hatred is from the "left". (Way to inadvertently recognize you're on the right.)
These tactics are the only way FBN can get any relevance.
12-18-2008 @ 3:47PM
Tom said...
Listen....someone just shouted the name "Neal Cavuto".
Mr . Zucker, did you hear that ?!
12-18-2008 @ 6:10PM
JSB said...
In case you mainstream media clowns haven't figured it out yet (I can't imagine why not!) there are no other true and objective news orgs out there anymore except for FOX! If it weren't for FOX I guess I just wouldn't turn on my TV anymore except maybe to watch a good movie or old cartoon show!
12-18-2008 @ 7:17PM
Alan said...
The person that wrote the article, Jonathan Berr, said it all...he's a former employee of Cramer. What do you expect?
Cramer is a "jump on the bandwagon" trader. When things are good., he's bullish. When the market goes down, he's bearish. The problem is that he can't tell when the market will be bullish or bearish, that's for sure. So, take most everything he says with a "grain of salt". Enjoy the slapstick entertainment, but don't jump in on his stock picks.
As for Neal Cavuto, he's a class guy.
12-19-2008 @ 9:47AM
auto44 said...
Talking heads that screem at you and get in loud arguments with each other and talk over each other distress me. They all give some insight but are probably wrong more often than right and late rather than early,like most of us. If you read the mutual fund tables in investors business daily, on some days they give the five year after tax results, you will find that not many folks in the investment business know enough to keep your head above water. The real profit in investing is selling a product or selling a show. Crammer figured this out that is why he gave up investing for show biz.
As for us mere mortals, we need to be very careful who and what we listen to and how we listen. Choose with great deliberation as Warren Buffett does , who you asssociate with, that is as important as numbers.
Merry Christmas and mayYOUR holiday bring you peace
12-19-2008 @ 12:31PM
Dee said...
FBN is to CNBC what Microsot's Zune is to Apple's IPOD. If "Fast Money is the "Rat Pack" FBN is The Jonas Brothers. What were you thinking Eric Bolling when you left "The Pack"? Lets not forget its FBN's " Daddy" Newscorp that publishes the New York Post as well. That would make CNBC The Washington Post. This all leads to Fox Five and their politically BIASED news reporting. Jim Cramer in his unorthodox and bombastic style is wrong at times, but at least he doesn't tow the "company line" or LIE.
12-29-2008 @ 8:54PM
Gary McConville said...
Jim Cramer's shpeal is meant to be entertaining and educational, just as he tells. The only think I find irritating about his stock picks is that it's usually too late for the ones he brags on. But then, he's not trying to find stocks for you, but to show you just what drives them up & down. Anyone who hates him has obviously not read his four books.