Posts Tagged ‘Jim Cramer’

The new contract TheStreet.com founder Jim Cramer began working under earlier this month stipulates that he will be paid a royalty fee based on revenue produced by one of the financial news company’s subscription products, Action Alerts PLUS, rather than a salary or bonus, Talking Biz News reported.

Cramer’s salary in 2010 was $1.87 million, according to Talking Biz News, which added that he delayed a pay raise until later in the year. He took home $1.56 million in 2009.

Cramer’s words from a filing with the Securities and Exchange Commission, via Talking Biz News:

Given the length of this new contract and my current plans for the way I plan to spend my time beyond that, I expect that this will be the last long-term agreement between me and the company. Although I’d expect to continue participating in the company’s success beyond that in some manner, I’ve made this decision now as I want to be mindful to set the stage for a transition far enough out into the future to ensure that the business will be well-prepared to continue, from a position of strength, beyond my involvement.

According to Hitwise, the Glenn Beck page on FoxNews.com was the 9th most trafficked Web page among all cable channel Websites last week. The Beck page had a 1.78% market share. It was also the only news channel site to rank in the top 10. Beck’s highly rated “You Are Not Alone” special on Fox News Channel drove much of the traffic to FoxNews.com.

Most of the top 10 spots were held by Comedy Central, Food Network and Cartoon Network. The #1 spot went to The Daily Show page on ComedyCentral.com, with Stewart’s interview with CNBC’s Jim Cramer a big draw.

Click here to see the rankings…

As for broadcast networks, Fox.com’s American Idol page had a 16.1% market share last week, ABC.com’s Dancing with the Stars was second.

Click here to see the top broadcast site.

The AP’s David Bauder picks up on a story we wrote yesterday about a Website set up by a progressive PAC with the intent to Fix CNBC. Bauder talks with someone who says CNBC was responsible for his “salvation.”

Mark Stryker, former chief executive officer of an online brokerage firm bought out by the Charles Schwab Co., said he saw someone interviewed early last year on CNBC who was pessimistic about the economy. Stryker did some later research on what the man was saying and, as a result, made the fortuitous decision of selling nearly every stock he owned.

“When I look at it, CNBC was highly responsible for my salvation here,” he said.

His one complaint was that CNBC on its own doesn’t have enough depth in the information it presents.

> More: WaPo columnist Richard Cohen defends CNBC and Jim Cramer: “It does not take cable TV to make a bubble. CNBC played no role in the Tulip Bubble that peaked, as I recall, in 1637, or in the Great Depression of 1929-41. It is the zeitgeist that does this — the psychological version of inertia: the belief that what’s happening will continue to happen.”

As of this morning, yesterday’s Rick Santelli outburst on CNBC had been viewed on CNBC.com 1,277,015 times. That makes it the most-watched video ever on CNBC.com. The next most-watched clip was Jim Cramer‘s “The Fed is Asleep” rant from August 2007 which was viewed 224,000 times on CNBC.com.

A version of the Santelli clip on YouTube has been viewed an additional 202,000 times.

CNBC.com is also running a poll asking “Would you want to join Rick Santelli’s ‘Chicago Tea Party?’” 227,783 have voted so far. 94% have said “Yes.” 5% voted “No.”