CNBC, facing a tough new kid on the financial-news block in the Fox Business Channel, has kept one of its biggest stars, Jim Cramer, on the payroll, signing him to a new multiyear contract.
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.
Cramer has authored a number of books, including the just-published “Stay Mad for Life,” writes the “Bottom Line” column for New York magazine and is a markets commentator-adviser to theStreet.com, which he co-founded and has an equity stake in.
Before he became a TV host, Cramer spent 25 years on Wall Street as a trader and hedge-fund manager.