Stewart/Cramer Fallout: MSNBC Ordered to Keep Silent; Street.com CEO Quits

Posted by Gregg Levine, Firedoglake at 3:15 AM on March 14, 2009.

Editor's note: To see Jon Stewart's smackdown on Cramer last night click here.

Thomas Clarke, who has been CEO of financial news website The Street has announced his departure "effective immediately."

Clarke’s abrupt departure comes less than a day after The Daily Show aired tape of The Street’s co-founder, Jim Cramer, explaining in a Street.com webcast how he, as a hedge fund manager, manipulated value to serve some publicly traded companies and investors at the expense of others.

If you have just crawled out from under a rock, Cramer was a guest on Jon Stewart’s show last night, and the general consensus is Stewart took Cramer, CNBC, and financial "journalism," in general, to the cleaners.

Or, maybe you haven’t just crawled out from under a rock—maybe you have only been getting your news from MSNBC. The 24-hour news channel—and CNBC partner—was reportedly told by its corporate bosses that this was, you know, not of interest to its viewers:

A TVNewser tipster tells us MSNBC producers were asked not to incorporate the Jim Cramer/Jon Stewart interview into their shows today. In fact, the only time it came up on MSNBC was during the White House briefing, when a member of the press corps asked Press Secretary Robert Gibbs if Pres. Obama watched. Gibbs wasn't sure if the president had, but Gibbs did. "I enjoyed it thoroughly," the Press Secretary said.

Cramer will apparently talk about his Daily Show performance on his Friday show (6pm Eastern); no word yet on what MSNBC shows like Hardball, Countdown, and The Rachel Maddow Show will do.

A search of CNBC’s website this afternoon showed only AP and Reuters wire copy on the Stewart-Cramer interview/battle-of-the-century—no original reporting. But, then, why should today be any different for CNBC?

Tagged as: daily show, jon stewart, msnbc, cnbc, nbc, economic crisis, rick santelli, jim cramer, the fight continues, peacocks, morning show, street.com