Variety’s John Dempsey writes about Jim Cramer’s new deal…
Cramer will not only continue to host the nightly hourlong “Mad Money w/Jim Cramer” at 6 EST but produce and host four primetime specials a year on the NBC broadcast network.
Sources say that Fox Business expressed strong strong interest in hijacking Cramer even though Fox News had fired him three years ago but that he wasn’t tempted to ankle CNBC, where he began the nightly “Mad Money” series in March 2005.
As part of his over-all deal, Cramer will write columns for CNBC.com and continue periodically to take the “Mad Money” series on the road to colleges across the U.S. He also appears on the “Stop Trading” segment of the afternoon “Street Signs” series and shows up occasionally as a guest analyst on the “Today” show.
An FBN executive with knowledge of the situation told ICN, “FBN never expressed any interest in Cramer and there were no discussions with his agent. We were approached by Jim about coming here and we turned him down given Mad Money lacks ratings and he was fired from FNC.”
The executive added, “Dempsey’s sloppy reporting has become industry fodder at this point – it’s clear he’s past his prime.”