CNBC Signs Cramer for Multi-Year Deal
‘Mad Money’ Host Will Also Continue ‘Stop Trading’ Segment
By Linda Moss -- Multichannel News, 11/29/2007 2:11:00 AM
Jim Cramer, host of Mad Money w/Jim Cramer, will remain at CNBC after signing a multi-year deal with the network, officials said Thursday. Terms weren’t disclosed.
The agreement, struck less than two months after Fox News Channel launched CNBC rival Fox Business Network, keeps one of CNBC’s stars at the network.
“Jim has played an integral part in CNBC’s rebirth,” CNBC president Mark Hoffman said in a prepared statement. “He is not only one of the most respected and successful Wall Street minds but also happens to be a great entertainer. I’m thrilled Jim will remain part of the CNBC family. When Jim Cramer speaks, people listen, and so does the market.”
In addition to hosting Mad Money, Cramer will continue his “Stop Trading” segment with CNBC’s Erin Burnett during Street Signs. Cramer will also begin contributing original content to the Mad Money home page (madmoney.cnbc.com) on CNBC.com, the network’s official web site.
“With my program, CNBC has given me the opportunity to break down the traditionally complicated stock market to engage and educate the next generation of Wall Street investors,” Cramer said in a prepared statement. “Doing Mad Money everyday is my passion and I'm excited to be a part of this incredible network. This is the only team I want to play for.”
Mad Money w/Jim Cramer, which airs at 6 p.m. and 11 p.m., launched in March 2005.
Cramer joined CNBC after a 25-year career on Wall Street as a trader and hedge fund manager. He is co-founder of TheStreet.com, a multimedia provider of financial commentary, analysis and news. He currently serves as a markets commentator and advisor for TheStreet.com and is also the "Bottom Line" columnist for New York magazine.
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