S&P 500
7,387.00
-0.28%
Dow Jones
50,681.10
-0.20%
Nasdaq 100
29,301.00
-0.37%
Russell 2000
2,845.43
-0.40%
FTSE 100
10,356.00
+0.12%
Nikkei 225
65,268.70
-0.28%

Media

CNN Paid Lou Dobbs $8 Million To Leave

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

Invalid Image
Lou Dobbs and his ranting and raving about immigration and whether the president was born in the US finally cost him his job. He and his employer CNN spun it differently. Dobbs implied that he was moving on to bigger things which might include a run at national office.

As it turns out, according to The New York Post, Dobbs got $8 million as he left the CNN headquarters, suddenly, last week.

Dobbs has become a first class eccentric who sometimes carries a gun and send off a kind of manic signal while on the air. He began his career at CNN as a humble financial news anchor. He somehow got the network to allow him to move onto bigger things. He had become, for better or worse. CNN’s answer to Bill O’Reilly.

Dobbs ended up being an anachronism at CNN which has decided to bet it financial life on delivering hard news around the clock. That is in stark contrast to Fox and MSNBC which have become homes to commentary and not the straight “speak the news into the camera” cable networks that they once were.

Dobbs can take his $8 million and run for Senate. He may still have to explain why he thinks Obama is not a US citizen.

Douglas A. McIntyre

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

The Futility of Live Blogging and Internet TV

ThinkstockThousands of websites “live blogged” the election’s progress, or it may have been tens of thousands. Hundreds offered original live TV…

Douglas A. McIntyre |

News Corp’s (NWS) MySpace Joins Google (GOOG) Social Network Group

TechCrunch and Silicon Alley Insider have reported that News Corp’s (NWS) MySpace will join the new Google (GOOG) OpenSocial initiative.…

Douglas A. McIntyre |

As Stock Markets Surge, Could Twitter Finally Be a Good Way to Predict Trading?

courtesy of TwitterThere have been a long line of companies set up based on the ability to use Twitter Inc.…

Douglas A. McIntyre |

Business Insider Passes CNBC in Key Traffic Measure

ThinkstockBusiness Insider, a site that is barely five years old, has moved ahead of CNBC in a critical ranking of…

Is Too Big to Fail Coming to a Health Care Sector Near You?
Trey Thoelcke |

Is Too Big to Fail Coming to a Health Care Sector Near You?

The fact that major health care mergers were announced at the same time that the Affordable Care Act began to…

Douglas A. McIntyre |

When Joblessness Becomes Homelessness

If the current recession is the longest since WWII and continues for another year, one of its most frightening characteristics…

Douglas A. McIntyre |

Which Major Media Companies Will Buy The Big Blogs?

24/7 Wall St. recently listed The 25 Most Valuable Blogs. Two have been sold. Ars Technica was acquired by Conde…

Uber Jumps 5% on Robotaxi Expansion, NVIDIA and Amazon Partnerships
David Moadel |

Uber Jumps 5% on Robotaxi Expansion, NVIDIA and Amazon Partnerships

Uber Technologies (NYSE:UBER | UBER Price Prediction) stock is up 5% in Tuesday morning trading, with shares climbing to $78…

This Cybersecurity ETF Just Surged 39% in a Single Month. The YTD Is Even Better.
Austin Smith |

This Cybersecurity ETF Just Surged 39% in a Single Month. The YTD Is Even Better.

The headline number making the rounds on cybersecurity ETF Twitter is bigger than the one the tape actually printed, and…

Top Gaining Stocks

Intel
INTC • Vol: 136,308,972
Micron Technology
MU • Vol: 53,747,911
KLA
KLAC • Vol: 1,165,348
Applied Materials
AMAT • Vol: 9,720,807
Lam Research
LRCX • Vol: 11,446,981

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Akamai
AKAM • Vol: 5,427,138
Hershey
HSY • Vol: 2,643,820
GoDaddy
GDDY • Vol: 2,546,602
Vulcan Materials
VMC • Vol: 1,248,784