Max Meyers has at least one firm rule about his new CNBC program, and it might surprise some of the business-news outlet’s die-hards. “I told everyone, ‘No earnings,’” says Meyers, a veteran producer at the NBCUniversal-backed cable network. “I don’t want to hear that.”
No net income on CNBC? Such a dictate would be anathema on “Squawk Box,” the morning-news program that Meyers previously ran, but it might just stick on “Last Call,” a new 7 p.m. effort from CNBC executives that aims to keep business-news aficionados hanging out with the network until later in the evening. Over the past week, anchor Brian Sullivan, who is moving from a 5 a.m. roost on “Worldwide Exchange” to anchor the new evening show, has held forth on everything from Tesla to Salesforce during rehearsals, ready to give late-breaking news to CNBC’s market faithful.
If Costco earnings were to come out late in the day, says Sullivan, “we will hit the Costco numbers, but only as a macro thing: What is Costco telling us about the state of American business and the consumer?”
At 7 p.m., Sullivan and his team may get a break from the barrage of ticker headlines and Business Wire releases that drive so much of stock-market coverage. And they hope to use the space for more thoughtful looks at what’s driving business — though they won’t shy away from a late-day Twitter revelation from Elon Musk or an after-market surprise if it turns up. “We are able to extend our footprint as a news organization and maybe find some audience along the way,” says Meyers. “It’s a unique challenge.”
Indeed, it’s one the network has faced for some time. CNBC spent two years airing a general-interest news program at 7 led by former Fox News anchor Shep Smith, only to axe the show in November. If the ratings or the anchor’s salary were factors, executives haven’t said. The show, called “The News,”“was a a good experiment,” says Dan Colarusso, senior vice president of CNBC Business News, but one that had CNBC “going into places that we were not we not familiar with or where we didn’t have great expertise, whether it be geopolitics or extreme weather or other issues, or even domestic politics. Those don’t come back to investors. It’s tough for us. That’s not a blank ground. There are people who are very good at it. We are very good at finance. That’s what the audience expects, that’s the implicit bargain when they turn on CNBC. Anything that’s not that is a little bit jarring and a little bit off-kilter.”
The evening program marks CNBC’s latest foray into trying to get stock-market aficionados to tune in when there’s less to say about the DJIA. The network is best known for its hours of financial coverage, and on-air personnel ranging from Carl Quintanilla to Kelly Evans are, for investors and traders, sort of like “SportsCenter” anchors on ESPN. But executives