Financial news network CNBC is in a tiff with the financial magazine Barron's, according to a ponderous but awesome story by the Columbia Journalism Review's Dean Starkman. Barron's decided to investigate CNBC meal ticket Jim Cramer, host of "Mad Money," and the network got pissed. The Barron's story began as a look into whether Cramer's stock picks might be leaking before broadcast somehow, which scared CNBC so much that it scurried around spending money on lawyers and sweating until that line of investigation was dropped. The final version of the piece didn't mention that, but it did say that Cramer's stock picks don't generally beat the overall market—not a stunning conclusion to financial types, but poison to Cramer's viewing audience, who watch him with hopes of getting rich. Now the TV network is so mad that it has mostly stopped inviting Barron's reporters onto shows. Starkman comes to the conclusion that both sides made some mistakes, but CNBC is almost totally wrong, while the Barron's story is mostly correct. So why the snippy move to ban the (innocent) reporters from the air? That's the most shine anybody at Barron's can hope for in their day-to-day life. End the embargo! [CJR] Remember: if you upset Jim Cramer, he goes PSYCHO like THIS:
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