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The latest news on Money Media from Business Insider

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    Maria Bartiromo

    CNBC's "Money Honey" Maria Bartiromo, whose five year contract with CNBC expires later this year, is looking at other networks, the New York Post's Claire Atkinson reports.

    Unnamed sources told the Post that Bartiromo has had discussions with CNN and Fox Business Network.

    Bartiromo, who currently co-anchors CNBC's "Closing Bell," told the paper that she has no comment.  

    Bartiromo joined CNBC in 1993.  A couple of years later, she made history as the first person to report live from the New York Stock Exchange floor. 

    According to the Post, she makes between $2 and $3 million per year.

    Join the conversation about this story »


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    Dominic Chu

    Bloomberg TV's Dominic Chu markets reporter is joining CNBC, "Squawk on the Street" co-anchor Carl Quintanilla Tweeted.

    He will start on August 12, according to Quintanilla.

    Chu joined Bloomberg TV in 2010.  Prior to his career as a financial reporter, Chu worked on Wall Street for several years. 

    SEE ALSO: The Sexiest Financial Journalists Alive

    Join the conversation about this story »


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    dawn kopecki, kayla tausche

    This afternoon, on the place where all respectable throw downs get thrown down — Twitter — Bloomberg's Dawn Kopecki and CNBC's Kayla Tausche got into a tiff about which news organization broke a story first.

    The story in question was the news that the Department of Justice was suing Bank of America over more jumbo loan securitization from the financial crisis, but that's not really the point here.

    The point is — who had it first?

    Each reporter was convinced their organization truly broke the story, and on Twitter, neither of them seemed like they were going to back down.

    kopecki, taausche twitter fight.

    As you can see, this needs to be settled once and for all.

    Now, according to CNBC's video, Tausche reported this story during Fast Money.

    If you watch the video, it looks like Kayla is reporting this news close to 6:00 p.m., the video's time stamp on the web places it at 5:40 p.m.

    This screen shot from Bloomberg, though, timestamps the story breaking at 5:02 p.m.:
    bloomberg screenshot BBG v. CNBC

    So ladies and gentlemen, it looks like BLOOMBERG WINS!

    And to be fair, Tausche conceded that in her last tweet.

    Way to be good sports, people.

    Join the conversation about this story »


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    Last week, when the Fabrice "Fabulous Fab" Tourre verdict came out, Bloomberg News sent out an erroneous headline and Tweet saying the former Goldman Sachs employee had won his SEC civil case. 

    tourre tweeet

    A correction came out shortly after saying that Tourre was actually found liable on six of the seven charges. 

    That erroneous Tweet/headline appears to have cost an editor his job.

    According to the New York Post's Keith Kelly and Mark DeCambre, the headline was sent out by Bloomberg editor John Pickering. 

    Pickering, who spent around 20 years at the financial media giant, lost his job the next day because of the incorrect headline, reports the Post.

    Join the conversation about this story »


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    Carl Quintanilla

    CNBC's "Squawk on the Street" anchor Carl Quintanilla's one-hour documentary on Twitter entitled #TwitterRevolution tomorrow night at 9 p.m. ET. 

    Here's a quick description of what to expect in the original film:

    CNBC correspondent Carl Quintanilla interviews Twitter founder Jack Dorsey about the company’s inception, and reports on how law enforcement, journalists and concerned citizens exploited the online service during the Boston Marathon bombing investigation.  The documentary explores the culture of gossip and rumor on Twitter that inflamed a scandal at a Connecticut high school, and goes behind the scenes with the Miami Heat and San Antonio Spurs to see how the NBA’s front office, and its biggest stars, use Twitter to drive fan interest. 

    Quintanilla also profiles young dissidents using Twitter to protest oppressive regimes in the Middle East, and reports on how sending out the wrong tweet can land you in prison.

    Sounds pretty cool.

    In the meantime, we handed Quintanilla one of our fun questionnaires to get to know a little more about him.

    In turns out, Quintanilla wanted to be a radio DJ when he was younger. The Vinyl record collector has some interesting music choices, though. He's into jazz, 80s and Ke$ha (seriously) and he has Justin Timberlake stuck in his head right now. 

    Check out his responses below: 

    Name: Carl Quintanilla

    Hometown: Midland, Mich.

    Birthday: 9/10/70

    Zodiac Sign: Virgo

    Personal Motto: "Truth is what I sought, without fear or favor. And let the chips fly" -- "All The King's Men"

    Where did you go to school? Univ of Colorado

    What was your first job? reporter, Wall Street Journal

    When you were little, what did you want to be when you grew up? A radio DJ 

    What was your proudest day at work?  In New Orleans, for NBC News, the day after Hurricane Katrina hit.

    What was your biggest screw up at work? How much time do you have?

    Favorite Book? It changes a lot, but right now, I keep coming back to "Public Opinion" by Walter Lippmann.

    Favorite TV show?"Mad Men"

    What type(s) of music do you like? Jazz. All things '80s. And increasingly, anything by Ke$ha. 

    What song has been stuck in your head lately? Justin Timberlake's "Mirrors"

    What is your favorite New York landmark/location? Central Park

    If you could book a trip right now, where would you go? Wherever my daughters are. 

    What do you collect (by accident or design)? Vinyl LP's

    What can't you leave home without? iPhone. Bottle of tap water. American Express card.

    What’s sitting on your nightstand right now? Clock radio. iPad. A copy of Fortune, Wired and the New Yorker. 

    What’s your pet peeve? Arrogance. Lack of curiosity about others.

    Favorite place to be alone? The gym.

    Favorite place/person to get advice? My wife, although she almost always tells me what I don't want to hear.

    What do you eat for breakfast? Low-fat yogurt. Granola. 

    What’s your favorite way to get some exercise? Hitting the heavy bag in the boxing gym. The bag usually wins.

    Do you have a nickname?  If so, what is it? "Q". Like the nerdy Bond character.

    Wall Street Journal or Financial Times? No contest, I'm afraid. Once a Journal rat, always a Journal rat.

    Join the conversation about this story »


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    Herb Greenberg

    Today is senior stock correspondent Herb Greenberg's last full-time day at CNBC.

    Greenberg is moving back to TheStreet.com where he previously worked for many years.

    In his new role, Greenberg will be the editor of Herb Greenberg's Reality Check, a subscription newsletter for investors focused on risk.

    In a post on Facebook, Greenberg explained that his CNBC contract was about to expire and that he and his wife decided to move back to San Diego. 

    He will remain a CNBC contributor and they will install a camera in his California home, he wrote.  He added that he'll return to the studio for a week a month. 

    Here's the press release: 

    TheStreet, Inc. (Nasdaq:TST), a leading digital financial media company, announced today that Herb Greenberg has rejoined the Company.

    "We're thrilled Herb Greenberg is returning to TheStreet. No one is more passionate and does more work around companies and industries than Herb does. He sparks serious conversation to help investors separate speculation from reality by shining a spotlight on risks," said Elisabeth DeMarse, CEO and Chairman of TheStreet. "Our goal is to educate investors, and help investors make money.  But avoiding losing money is just as important as making it -- and nobody does it better than Herb."

    Mr. Greenberg, previously a senior stocks commentator on CNBC, will serve as editor of Herb Greenberg's Reality Check, a subscription newsletter designed to help investors better manage risk; write a daily blog for TheStreet's main free site and contribute to Real Money's "Columnist Conversation." He also will remain a regular CNBC contributor.

    "I'm excited to be returning to my online journalism roots," Mr. Greenberg said. "A lot has changed over the years, but one thing hasn't: TheStreet stands out as an independent, edgy voice. It remains a perfect place to give investors a dose of reality -- and remind them of the risk many choose to ignore."

    Mr. Greenberg was senior columnist for TheStreet from 1998 until 2006, before joining MarketWatch, during which time he also wrote a weekly column for The Wall Street Journal. For many years he wrote a monthly column for Fortune Magazine. Earlier in his career, he was a daily business columnist for the San Francisco Chronicle and a business reporter for the Chicago Tribune.

    Mr. Greenberg will be based in San Diego.

    Join the conversation about this story »


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    Tom Keene set

    There hasn't been a peep from the new CEO of Bloomberg Media Group, Justin Smith, since his hire was announced. Friday, however, he sent Bloomberg's media team a quick memo about his philosophy on journalism — we've copied it below.

    The most important thing to note here is that Smith makes it clear that he is a business man.

    "Helping create quality content and figuring out how to commercialize it has been my life’s passion," he wrote. "Though I came out of print media, I’ve specialized in transitioning media brands onto digital and live event platforms."

    Reading that, you can't help but think of Jeff Bezos, a business man, purchasing the Washington Post from the family of journalists that held it for decades. It serves as a reminder that good journalism is alive — the problem is that it's time to rethink how it's sold to the people that want to consume it.

    Smith is promising that he knows how to do that, writing that he wants Bloomberg to choose to "live on the new, exciting frontier of media."

    Note the word "choice." Smith divides the industry into two camps — publications that are letting the industry's changes steam roll the out of existence, and publications that accept the changes and embrace them.

    Check out Smith's full memo below (emphasis ours):

    Dear Bloomberg Media Colleagues –

    I wanted to reach out in advance of my start date on September 16th to convey how thrilled and honored I am to be joining Bloomberg LP and the Bloomberg Media Group. Working with such a talented team is one of the greatest opportunities in media today. As I told Dan before joining, I want to be at Bloomberg because there's no mission in the world more exciting to me than helping you build one of the planet’s most influential and commercially successful media companies.

    I'm eager to meet every one of you over the next few months, and to learn about Bloomberg Media and the exciting initiatives already underway. As a start, I’d like to share some personal, less corporate details about myself.


    I entered the media business twenty years ago intent on becoming a journalist but discovered that my talents were at their core entrepreneurial. This realization didn’t dilute my initial interest in great journalism—I’ve spent my media career at the International Herald Tribune, The Economist, The Week, The Atlantic, and now Bloomberg. Do you see the pattern? I hope so. Helping create quality content and figuring out how to commercialize it has been my life’s passion.

    Though I came out of print media, I’ve specialized in transitioning media brands onto digital and live event platforms. I have not (yet) been a TV guy but I deeply appreciate the medium’s storytelling strengths and resilient business model. I’ve done my fair share of digital video and am impressed by Bloomberg’s recent successes here.

    I was raised abroad in an international household. My Mom is English and my Dad’s American. They met in Paris, put down roots, and nearly 50 years later they’re still Parisian expats living a stone’s throw from the apartment where I grew up. With international living in my DNA, I spent the first decade of my career working in government (for half a second) in West Africa and Washington and then in media abroad in Hong Kong (twice), Paris and London. In 1999 I moved to NY where I started my family, first married and now as single Dad—my children, Esme (11) and Auden (6) are the greatest joys in my life. In 2007 we moved to DC and I’ve been commuting between the two cities ever since.
    On the business front, I thought it might be helpful to describe some of the ideas that I believe successful media companies need to embrace in order to thrive in these turbulent times.

    We first must appreciate how historic this moment is for our industry. The changes are as exhilarating as they are disorienting. Every day, we face a new media reality and a new set of complex challenges. The disruption around us is incessant with no end in sight. Years from now, we will look back at this period and wonder how we ever made it through such choppy, uncharted waters.

    Here are some principles that I believe will help us successfully navigate this period of change:

    1) Choose to live on the new, exciting frontier of media
    The media industry is bifurcated into two distinct worlds: the struggling traditional segment that longs for a simpler, more profitable past that will never return; and the vibrant, entrepreneurial segment that is reinventing the industry before our eyes. The simple act of choosing to live on the new, wide-open frontier is a powerful step toward success.

    2) In media today, talent is everything
    Because we’re in the business of making and selling ideas, talent is the ultimate driver of media success. In a digital and social world, a talented individual journalist can rival the influence and impact of the world’s greatest media brands. A brilliant marketer can dream up a creative idea that generates millions of dollars of brand value. An innovative salesperson can beat the competition by selling ideas-based programs rather than commodity advertising. World class, A+ talent is the super-ingredient for media success, and the organizations that recruit and maintain their top talent—and manage it well—will win.

    3) Accept that you don’t know where things are going and act accordingly
    Anyone who tells you they can predict the future state of media and its consumption patterns or business models isn't being honest. No one knows where things are going and how they’ll play out. To succeed, we must accept this state of confusion and embrace the chaos. When there’s no obvious right answer, we’re forced to experiment, and examine new, sometimes uncomfortable, ideas. In media in 2013, invention, creativity and ingenuity are the currencies of success.

    4) Foster entrepreneurship
    One definition of entrepreneurship is the ability to evolve your product, business model, technology, or talent base to capture a changing market opportunity. Moving quickly is paramount: the faster you move, the more you learn, and the sooner you can optimize for success. Fred Wilson, the VC behind Twitter, Foursquare, Zynga and others, argues that “speed” is the quality he seeks out above all others in digital media entrepreneurs. I agree.

    5) Quality and brand matter in a digital race to the bottom
    The conventional wisdom is that digital media threatens the quality of journalism. It’s true in many instances—and therein lies a tremendous opportunity for a world-class media company such as Bloomberg to differentiate itself from the onslaught of new digital entrants with different ideas about what is accurate, insightful and intelligent. There will always be a robust market for quality content. No technology will ever erode this demand. It’s our job to keep our standards high as we experiment. Bloomberg was built on accuracy and insight. We must build on this strength.

    6) Develop an allergy to failure
    I once heard an entrepreneur describe his business philosophy as being “allergic to failure.” I recognized a bit of myself in that, and I sense that Bloomberg and the people who work here have the same allergy. This is not to say that intermittent failure is not an important part of the innovation process and something that should be embraced at times. This description refers to a mental rash —an early warning system—that signals the need for immediate business intervention and evolution. I know I’m coming to a group where complacency is anathema, and we’ll need every bit of that allergy—and the speed and adaptability that cures it—to navigate the relentless waves of disruption that we’ll continue to face in media.

    Thanks to your hard work and Andy Lack’s leadership, the Bloomberg Media Group is well positioned to become one of the world’s most influential media companies. The changes underway in media make this opportunity larger and more exciting than it’s ever been. By working together - creatively, entrepreneurially, collaboratively – we can realize our biggest dreams and define the global media company of the future. It’s an incredible privilege to be given the chance to work with you. I’ll see you on September 16th.

    Best,
    Justin

    Join the conversation about this story »


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    Bloomberg

    Last week, NYC Mayor Michael Bloomberg, the founder of Bloomberg LP, recommended that people who want to successful should take fewer bathroom breaks.

    "I always tried to be the first one in in the morning and the last one to leave at night, take the fewest vacations and the least time away from the desk to go to the bathroom or have lunch. You gotta be there. I mean, everybody says, ‘Oh, that’s crazy!’ But if you want to succeed, … you can’t control how lucky you are, you can’t control how smart you are, but you can control how hard you work, so that’s the first thing," he said on his radio show.

    Maybe he was onto something.

    Bloomberg News surpassed Reuters in web traffic during the month of July, Mashable reports citing a source from comScore.  

    From Mashable: 

    The researcher reported that Bloomberg netted 418.6 million page views worldwide for July and 24.8 million unique views. In comparison, Reuters recorded 248.4 million page views over the same period and 24.1 million uniques.

    Bloomberg hasn't beaten Reuters since December 2010, according to the report.

    Join the conversation about this story »


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    Jeffrey Gundlach

    Bond god Jeffrey Gundlach said on CNBC's "Halftime Report" with Scott Wapner that he wouldn't announce any short positions because it invites your rivals to bet against you. 

    "I've learned from watching CNBC that announcing your shorts isn't the best idea because it sometimes invites competition," Gundlach, who runs DoubleLine Capital, said. 

    It's pretty clear that he's talking about Pershing Square Capital Management's founder Bill Ackman here.

    Back in December, Ackman publicly declared that he's shorting $1 billion worth of Herbalife, a multi-level marketing firm that sells nutrition products.

    As part of his thesis, Ackman said believes Herbalife is a "pyramid scheme" that targets lower income people, particularly those from the Hispanic population. Ackman thinks that regulators, particularly the FTC, will be persuaded to investigate and shut down Herbalife.

    Some of Ackman's competitors seized this as an opportunity to bet against him. 

    Daniel Loeb of Third Point LLC, who used to be Ackman's friend, snapped up a sizeable position calling Ackman's thesis "preposterous." He later exited that position for a nice profit. 

    Then, Ackman's arch nemesis Carl Icahn amassed a huge position.  He said that he thinks Ackman will be the victim of the "mother of all short squeezes." 

    Since revealing his short, Herbalife's shares have rallied more than 43%. 

    Still, Gundlach noted on CNBC that Herbalife's stock chart right now is "an invitation of a short." 

    Join the conversation about this story »


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    Day in the life of Stephanie Ruhle

    This is what happens when your media company has exploded from 1,500 to 2,050 employees in five years — you hire some more people to manage them all.

    Matt Winkler, editor and chief, and founder of of Bloomberg News, is still at the helm, but 6 more editors will be helping out with Bloomberg News' operations.

    And no, no one is losing their jobs. In fact there will be some spots open for promotions.

    Now here's the dream team:

    • Dan Hertzberg has been named Editor at Large.
    • Reto Gregori , an 19 year veteran is now Deputy Editor.
    • Josh Tyrangiel has been named a Senior Executive Editor for Consumer Products along with the Projects, Investigations, and Muse Arts/Culture Units.
    • Otis Bilodeau has been named Executive Editor for the Finance team.
    • And there are three people that have been elevated to the Senior Executive Level — Laurie Hays, Chris Collins, David Shipley, Marty Schenker.

    Congrats to them. And now for the memo from Winkler:

    Good morning, afternoon and evening, As we enter the final quarter of 2013, please accept congratulations for your exceptional work this year. We made progress in every region, on every beat and on every platform. We responded immediately to the unprecedented criticism by adopting new client-data security rules, creating a process to deal with reader complaints and by appointing our first Standards Editor, Tim Quinson. Most important, we remained focused on producing dozens of stories that shaped the investment agenda and changed the behavior of people with the most at stake. And I can't thank you enough.

    Your Deals scoops moved billions of dollars in market value; your interviews with heads of state, including German Chancellor Angela Merkel, U.K. Prime Minister David Cameron and Colombian President Juan Manuel Santos, reflect the unprecedented access Bloomberg News had to the most powerful people in the world. We were consistently ahead on the biggest trends in bank regulation and central bank policy in Europe, Asia and the Americas. We were first to reveal the resurgence of the U.S. car industry and the decline of confidence in gold, and scooped our local and international competitors at every point chronicling the implosion of Eike Batista's business in Brazil.

    We also expanded our products. We created First Word for FX and successfully started the Korean language service. We enhanced the Bloomberg Billionaires Index, which now tracks the world's 200 wealthiest people, and turned Bloomberg Pursuits into a successful quarterly luxury magazine. Bloomberg Businessweek released its first movie. Bloomberg.com is now the biggest site for business video. More than 150 new employees joined the Bloomberg News family so far this year.

    All of this is only the beginning, and we have ambitious plans for the years ahead.

    Before elaborating, let me provide some context of Bloomberg News as it evolved from a handful of reporters and editors in 1990 to 2,059 of us today. We started with four bureaus in three time zones. Today, there are 153 spanning the globe and reporting on money in all its forms. When the bureaus struggled to keep up with our customers’ insatiable appetite for news, we created a system of reporting teams worldwide in 1998 with two dozen of them. Today, there are 214 teams. At the same time, Bloomberg Markets Magazine became a showcase for enterprise and depth reporting, winning more journalism awards in the ensuing decade than its three main competitors combined. By 2002, we brought print and broadcast news together for the first time, leveraging our news judgment across all media platforms with a management structure that ensured alignment. And in 2008, having gained responsibility for Bloomberg.com three years earlier, we reorganized again with 14 executive editors who would become 15 with the acquisition of BusinessWeek a year later. As we enter our 25th year, we can attribute our success to a willingness to embrace changes that foster the best practices that make us increasingly most influential. It’s always been about us, not you, or me, him or her -- about what are WE going to do. You know it’s no coincidence that the number of Bloomberg installations surged to 317,000 from 8,500 when Bloomberg News was conceived 24 years ago.

    With our growth also come new challenges. Too many of our best stories get lost on the terminal or aren't showcased to the fullest on the platforms beyond the terminal. Some may not be worth doing. Others may be worth even more of our attention. We want to bring more focus to our organization, and that's why we’ve decided to adapt our management structure for the first time since 2008.

    We want to:

    • Ensure we're ideally positioned for growth
    • Create more opportunities for career development for our most talented people
    • Further develop our news products
    • Make certain that I have more time to focus on our most important initiatives, including greater engagement with our expanding bureaus and newsmaker events
    • And most of all, foster deeper collaboration among the various parts of Bloomberg News so our five easy pieces of economies, markets, companies, industries and government are aligned.

    Going forward, we will have six Senior Executive Editors in charge of specific reporting and specific products; three of them will be reporting to me, and three will be reporting to Reto Gregori, who becomes Deputy Editor-in-chief while continuing his chief of staff duties.

    Under this simplified structure, Executive Editors will continue to be responsible for their respective areas of coverage and their leadership of the news teams will be essential to our success. Our new approach will help us focus our resources on the most important stories and make it easier to plan coverage across beats and platforms, further increasing the influence of our reporting.

    Laurie Hays, who transformed company news during the past five years, becomes Senior Executive Editor for Beat Reporting, reporting to me. She is now responsible for Markets, Finance, Companies, Government and Economy, with the beat executive editors reporting to her. This means that all teams that cover the Five Easy Pieces will be united for the first time.

    Chris Collins, the executive editor for Asia, becomes Senior Executive Editor for Breaking News, reporting to me. The regional executive editors as well as the newly created Executive Editor for First Word will report to him. This new structure positions us for further growth of First Word and gives us a unified focus on breaking news in all our bureaus.

    Standards Editor Tim Quinson also will be a Senior Executive Editor and report to me.

    Josh Tyrangiel, the editor of Bloomberg Businessweek and Bloomberg Digital, becomes Senior Executive Editor for Consumer Products, which will include Bloomberg Businessweek, the Web sites, as well as Projects & Investigations, overseen by Executive Editor Bob Blau, and Muse under Manuela Hoelterhoff. Josh will work with them to make our enterprise reporting as coordinated as possible and to give it the prominence it deserves across all platforms. Josh will report to Reto.

    Marty Schenker, the executive editor for TOP, becomes Senior Executive Editor for Terminal News Products and Strategy, also reporting to Reto. Marty's universe includes TOP, Bloomberg Markets magazine as well as Development, and he will lead our efforts to develop news products that our terminal customers need and read.

    David Shipley, the senior executive editor for Bloomberg View, will also report to Reto.

    As part of this realignment, I'm excited to announce that Ken Kohn, currently the executive editor for Markets, becomes the new executive editor for TOP, succeeding Marty in his current role. Ken will return to New York in 2014.

    Laura Zelenko, currently managing editor for emerging markets, succeeds Ken and will oversee all our markets reporting from New York.

    Otis Bilodeau, the managing editor for Finance, succeeds Dan Hertzberg as executive editor for the finance teams. Dan plans to retire in February and will be an editor-at-large until then, focusing on the biggest stories.

    Kevin Reynolds, the deputy executive editor for First Word and Speed, becomes the new Executive Editor for First Word globally.

    David Merritt, currently the managing editor for India, succeeds Chris Collins as executive editor for Asia and will relocate to Hong Kong from Mumbai.

    Marco Babic, currently the managing editor for economic data, becomes the executive editor for news data, reporting to Chris Collins.

    As already announced, Heather Harris is now the executive editor for Europe, succeeding Tim Quinson. And

    Koray Oncel is now our chief information officer, reporting directly to Marty.

    To ensure there's greater opportunity for career development, we will post many of the open managing editor and team leader roles on PATH <GO> and welcome applications in the weeks ahead.

    At this point, I'm thrilled to be able to already announce that Jackie Simmons, currently the team leader for Deals in Europe, is the new managing editor for company news in that region, succeeding Heather.

    Christine Harper, currently the team leader for finance, becomes the managing editor for finance globally, succeeding Otis.

    Katherine Cho, the deputy managing editor for Speed in Asia, becomes the Managing Editor for Speed in that region, while Victoria Richards will focus on First Word Asia.

    And Arijit Ghosh, currently the bureau chief in Mumbai, will succeed David Merritt as managing editor for South Asia.

    Please join me in congratulating everyone on their new roles, and rest assured, the best is yet to come.

    Join the conversation about this story »


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    Maria Bartiromo

    Page Six's Emily Smith reports that CNBC's "Money Honey"Maria Bartiromo may have to be deposed in the divorce case of the former Citi exec who got in trouble for flying her around on the bank's corporate jet. 

    Back in 2007, Todd Thompson, then-head of Citi's wealth management unit, was fired by then-Citi CEO Chuck Prince for his spending habits and friendship with Bartiromo, according an article that ran on the front page of the Wall Street Journal.

    The Journal also reported that on a return flight from a trip to Asia he booted other Citi execs off the corporate jet and flew alone with Bartiromo. 

    This was widely criticized in the financial media sphere at the time.

    However, CNBC's then-parent company General Electric 's CEO Jeff Immelt backed Bartiromo at the time saying she didn't do "anything wrong." Then-NBC Universal CEO Jeff Zucker also said she did "nothing wrong." 

    Rumors also swirled that the anchor and the banker were having an affair, Page Six points out. That was never confirmed, though. 

    They were both married at the time. Bartiromo has been married to Jonathan Steinberg since 1999.   

    Several months after his ouster, Thompson even told Reuters when they asked about his relationship with Bartiromo that it was "an inappropriate question." He also maintained that he had "an appropriate relationship" with her.

    According to Page Six, which cites court documents filed by Thompson's wife's lawyer, Bartiromo may be subpoenaed and deposed in their divorce case.  

    A source close to Bartiromo told Page Six she has not been served with any papers. 

    Join the conversation about this story »


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    American Greed

    This was definitely the headline of the morning from the New York Post:

    CNBC fires two 'American Greed' staffers for stealing

    The New York Post's Claire Atkinson reports that two CNBC employees were fired for stealing from the financial news behemoth.  

    They didn't actually work on the show "American Greed," which is a true crime series that focuses on white collar crimes (ponzi schemes, bank robbery, embezzlement, money laundering, etc.) 

    They were busted after CNBC set up hidden cameras at its Englewood Cliffs, NJ headquarters to catch the two employees in a "sting" operation, the report said citing a CNBC insider.

    According to the Post, the female employee was caught taking makeup from the greenroom and reselling it.  The male employee had set up his own studio side business where he was using CNBC camera equipment, the report said. 

    Join the conversation about this story »


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    Francine LacquaEvery city worth its salt needs a money honey  (or two) to keep the daily discussion on finance going. In London, that's Bloomberg TV's Francine Lacqua's job.

    Lacqua, an editor-at-large, hosts "On the Move with Francine Lacqua," which hits the airwaves across Europe when the market opens. That means, naturally, that she's covers everything from the French and Italian elections to Davos to G20 meetings.

    Lacqua also hosts, "Eye to Eye," a special series where she sits down with businessmen and top CEOs on London's Eye.

    You know, usual anchor stuff.

    My alarm goes off at 4am. I sneak out to the bathroom to get dressed so I don’t wake anyone up. By 4:25am I’m in a cab on my way to work. I can’t even bring myself to show you a picture of this time in the morning.
 The coffee machine at Bloomberg greets me with fondness – I get my standard double espresso.



    It’s now 5:05 and I LOVE my producer. She sent me Twinkies from the States. We share them amongst the team. There’s an unwritten rule that we save the *last Twinkie* for a bad day.



    From 5:10am to 7:56am it’s a marathon. 

5:40am: Conference call with my team in New York 
5:55am: Read the papers, catch up on twitter (@flacqua) 
6:15am: Full make-up +hair
 7am: Annoy Guy Johnson when he arrives at work. He thinks I’m intense. 
7:15am: Conference call for the show with Guy 
7:38am: Tease my shows.




    See the rest of the story at Business Insider

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    Sara Eisen

    Bloomberg TV's star anchor Sara Eisen announced on Twitter this morning that she will be joining CNBC.

    She's not the first Bloomberg TV employee to leave for the rival network lately.

    Dominic Chu, Josh Lipton and Sheila Dharmarajan have all joined CNBC over the last year. 

    While at Bloomberg TV, Eisen co-anchored "Bloomberg Surveillance" along with Tom Keene. 

    During her time at Bloomberg, Eisen has extensively covered the Forex markets and the eurozone crisis.  She has interviewed politicians, policymakers, central bankers and finance ministers, just to name a few. 

    Here are Eisen's Tweets about her latest move. 

    Here's the full announcement from Nik Deogun:

    I am delighted to announce that Sara Eisen will be joining CNBC, effectiveMonday, December 16. Her assignment, in addition to anchoring a variety of shows as needed, will be to serve as a correspondent focusing on the global consumer.

    From Procter & Gamble to Coca-Cola to Nike, consumer companies are some of the biggest, most diverse and far-reaching enterprises in the world. Each serves as an economic indicator and touches our lives in different ways. These companies are constantly challenged to adapt and innovate to appeal to a new and evolving consumer. I’m confident Sara will be at the forefront of making and breaking news on these companies while weaving larger stories about consumer behavior.

    Sara joins us from Bloomberg Television, where she was co-anchor of “Bloomberg Surveillance,” the network’s morning program. Her background is in the foreign exchange and fixed income markets and she has extensively covered the European debt crisis, interviewing top political leaders and finance ministers. She also covered the tsunami aftermath and Fukushima nuclear crisis on the ground in Japan.

    Sara is the editor of "Currencies After the Crash: The Uncertain Future of the Global Paper-Based Currency System," published by McGraw-Hill in January 2013. She holds a master's degree from the Medill School of Journalism at Northwestern University and a bachelor’s degree from NYU.

    Please join me in welcoming Sara to CNBC.

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    Courtney Reagan

    CNBC reporter Courtney Reagan was proposed to by her hedge fund analyst boyfriend during a taping of the "Nightly Business Report." [via TVNewser]

    The segment was about luxury jewelry, particularly engagement rings. It was taped on November 1. 

    The show's host Tyler Mathisen kept on referring to middle-level jeweler Jared when Reagan's boyfriend Jared Baker walked on the set.

    Reagan immediately started crying as he began to propose.  

    "It's been a long time. Seven years... I love you so much. I have since the day I met you. I've always known you were the one. I love your smile. I love your laugh. I even love the way you dance. Will you marry me?"

    She said, "Yes!"

    And then they kissed. 

    Best wishes to both of them. 

    Baker works for Citadel as a buyside analyst.  He previously worked in Global Investment Research at Goldman Sachs. Before that, he was with JPMorgan Chase and Ernst & Young. 

    We've posted a shot of the ring and the video of the proposal below. 

    reagan ring

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    steve forbes magazine

    Bloomberg News's Edmund Lee, Alex Sherman and Jeffrey McCracken report that Forbes Media is exploring the sale of its magazine and website, the company said in a memo to employees. 

    "As a result of your tremendous work, we have received more than a few "over the transom" indications of interest to buy Forbes Media. The frequency and serious nature of these overtures have brought us to a decision point. We're organizing a process to test the waters regarding a sale of Forbes Media. We have hired Deutsche Bank to represent us, and we expect interest from numerous suitors," Forbes' CEO Mike Perlis said in the internal memo posted by Capital New York.

    According to Bloomberg News, Forbes wants at least $400 million.

    The bi-weekly finance/investing magazine has been around since 1917. The publication is well-known for its lists ranking the richest people in the U.S. and the world. 

    For the six months ended June 30, 2013, Forbes' magazine had an average circulation of 932,884, according to data compiled by the Alliance of Audited Media.

    We put in a call to Forbes and will update when we hear back. 

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    bloomberg offices

    Talking Biz News has a list of journalists that have been laid off by Bloomberg News, and contrary to reports, the list doesn't just include reporters in sections like sports and lifestyle.

    This weekend the New York Post reported that the company would lay off 50-100 reporters on Monday.

    And while we haven't don't know the exact numbers, it's clear that some hard news hitters have gotten the boot.

    Like Elliot Blair Smith, who was an investigative and projects reporter, Rich Jaroslovsky was a technology columnist and reviewer for Bloomberg News and Bloomberg Businessweek, Tim Homan covered Congress for Bloomberg in Washington, D.C, and Charles R. Babcock was an editor on the projects & investigations team at Bloomberg News.

    Not a soft news person among them.

    For a longer list at Talking Biz News, head here>

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    Maria Bartiromo

    This is a total bombshell for the financial media world. 

    CNBC's "Money Honey"Maria Bartiromo is headed to Fox Business Network, Matt Drudge first reported while she was anchoring "Closing Bell" this afternoon. 

    CNBC has confirmed this for us. 

    "After 20 years of groundbreaking work at CNBC, Maria Bartiromo will be leaving the company as her contract expires on November 24th. Her contributions to CNBC are too numerous to list but we thank her for all of her hard work over the years and wish her the best," CNBC's Brian Steel said in a statement to Business Insider. 

    This summer, New York Post's Claire Atkinson reported that Bartiromo, whose five-year contract is about to expire, had been in discussions with Fox Business Network and CNN.

    Bartiromo joined CNBC in 1993. She was the first journalist to report live from the floor of the New York Stock Exchange. 

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    Kelly Evans

    We're going to go ahead and declare Kelly Evans the winner in the whole Maria Bartiromo leaving CNBC thing. 

    Evans is the most obvious choice at the financial news network to replace Bartiromo. Gawker called her the next "Money Honey" a couple years ago. 

    She's insanely knowledgeable about markets and economics, putting her a cut above a lot of the talent that appears on TV.

    According to a network statement, Evans will be the host on an "interim basis" with Bill Griffeth of "Closing Bell" at 3 p.m. ET.

    Evans, 28, joined CNBC in early 2012 from The Wall Street Journal.

    While at The Journal, she worked as an economics reporter. She also wrote the "Ahead of the Tape" column and hosted the daily "News Hub."

    Evans began her career at CNBC in the London bureau before quickly being brought back stateside for "Squawk on the Street." 

    She's been a standout at CNBC. She would frequently anchor "Closing Bell" when Bartiromo was away.  She's also a star in the digital world, and a favorite of the Twitterati.

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    Mandy Drury

    It's time to settle this once and for all — Bloomberg, CNBC or Fox Business? What do you actually watch?

    Everyone in finance watches TV all day, whether its simply on silently in the background or it's front and center in the middle of breaking news.

    Because of that, the battle between networks for Wall Street's eyeballs is fierce. Recently, the talent war intensified with money honey Maria Bartiromo leaving her home of 20 years, CNBC, for Fox News.

    There are some markers of how well Fox Business and CNBC are doing, like Nielsen ratings, but Nielsen doesn't track Bloomberg.

    Plus, Bloomberg is streamed on terminals, computer screens, phones, and tablets all over the world.

    In short, we want to hear from you, so Business Insider created a short survey to get a sense of what the Street is really watching. Vote now, and we'll share the results soon.

    Be honest, this is important:

    Create your free online surveys with <a

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