Michael Eisner cancels his CNBC show

Posted Jan 4th 2009 5:40PM by Zac Bissonnette
Filed under: Television

Former Disney (NYSE: DIS) chief Michael Eisner has canceled his Conversations with Michael Eisner show on CNBC to devote more time to his business ventures. Through his investment fund Tornante, Eisner has stakes in baseball card icon Topps, along with other start-up type ventures.

The ever prideful Eisner made it clear that he was canceling the show of his volition, but the statistics suggest that he wouldn't have lasted much longer. The show was averaging just 100,000 viewers per episode.

I don't think anyone will miss this one too much. My favorite episode -- for comedic reasons -- was the one where he interviewed former Home Depot (NYSE: HD) CEO Robert Nardelli and the two commiserated about how mean shareholders are to executives and how just because a stock does nothing for years while you're CEO, that doesn't mean that you shouldn't get a nine-figure severance package.

This one looks like a case of Mr. Eisner resigning to avoid being impeached -- just like he did at Disney.

Tags: CNBC, DIS, Disney, HD, Home Depot, inthenews, Michael Eisner, Robert Nardelli, Topps, Tornante