CNBC has the last laugh on Fox Business. Just yesterday, Fox Business bought ad space in The New York Times and The Wall Street Journal slamming CNBC star Jim Cramer for his "Bear Stearns is fine" comment a week before the investment bank's collapse. The ad claimed that those would be Cramer's — and CNBC'S — "Famous Last Words."
But on the heels of an economy nearing recession and a major investment bank's collapse, CNBC has just had its best week in five years. According to TVNewser, the network saw its best week since March 17, 2003 in total viewers, averaging 289,000. The week also set the record for the highest take for CNBC since July 22, 2002.
If "turbulent times call for a credible network," as the Fox Business advertisement claimed, then viewers seem to have found their channel.