I’m hoplessly ignorant about the stock market and finances and such but I always found Jim Cramer’s radio feature kind of interesting. Didn’t care for his TV show althought I gather it’s very popular.
According to CyberJournalist.net, he’s going to cancel is regular radio show so that he can focus on TheStreet.com video and multimedia initiatives, including appearing frequently in TheStreet.com video. Cramer broadcast his final nationally syndicated radio show, “RealMoney with Jim Cramer,” last Friday.
There might be all sorts of behind-the-scenes reasons for the move but it just struck me as interesting. I mean, if you were on a bunch of radio stations…why would you give up that audience?
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That is sad news but I always wondered if there could possibly be anyone other than me listening. I have listened to his radio show frequently and watched his TV show, I think it is now called “Mad Money”–and it is hard to watch, the honking and yelling and spitting and sound effects get to be a little distracting.
He manages a charitable trust, called “actionalertsplus.com” and he is the founder of thestreet.com and he has made millions over his career as a hedge fund manager. Having a 1 hour radio program that is syndicated nationwide is probably a waste of time/money when his TV show is reaching roughly the same audience (I bet that people that watch his show also listen to his show, and read his contributions to thestreet.com)–and his stated objective is always to teach people how to make money in the market. I would be interested to know why he is willing to give up his audience, too…but I bet he isn’t really giving them up, he will just be better serving them by doing it on the web and on TV.
As Jim always says: “Bears make money, Bulls make money, pigs get slaughtered.”