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Kass: CNBC and Me

I like to think that my often contrarian analysis of the markets is thoughtful, well-reasoned, logical and presented clearly. Unlike some, when wrong, as I am frequently, I admit it publicly with no excuses.

Apparently, based on the frequency of my appearances, CNBC thought I provided value-added content up until August 2013.

My CNBC Friends

Though I haven't appeared on CNBC since last August, I have continued to actively exchange ideas (via email and phone) with my many friends at the network, including (but not exclusively with) Scott Wapner, Steve Liesman, Kelly Evans, Brian Sullivan, Rick Santelli, Andrew Sorkin, Becky Quick, many on "Fast Money" (Melissa Lee, Dennis Gartman, Karen Finerman, 'Chaminade' Joe Terranova, Tim Seymour, Dan Nathan, Guy Adami) and, of course, my comrades at arms on TheStreet, Jim "El Capitan" Cramer and Stephanie Link. I have also maintained close ties to a number of CNBC producers, often giving them ideas for questions to ask guests, etc.

No doubt I will continue to maintain these ties even if CNBC fails to ever invite me back on the air.

L'affaire CNBC

Last August I was interviewed by the New York Post regarding my criticism of the media's generally overblown coverage of Apple (AAPL - Get Report) following Carl Icahn's initial share purchase. ( Here is the story.)

The thrust of my comments to the New York Post reporter, which embodied what I viewed as constructive criticism of the business media ( CNBC, Bloomberg, Fox Business Network, The Wall Street Journal, The New York Times, etc.), was not specific to CNBC.

The New York Post's column, however, beginning with the inflammatory title "CNBC Cheerleaders," turned out to a direct attack on CNBC. The column incorporated remarks I had made in a private email to CNBC's Scott Wapner that I did not intend to share with anyone. The reporter created the illusion that my criticism was directed solely at CNBC and failed to disclose in the New York Post column (as I told her explicitly in a telephone call) that I had written similar emails to commentators at Bloomberg and Fox Business Network.

Apparently (before the story was published), someone on the CNBC staff forwarded a personal email (without my permission) that I had sent specifically to "Fast Money: Halftime Report's" Scott Wapner (which was CC'd to the other panelists) to the reporter at the New York Post. The thrust of the email was that the excitement related to Apple share purchases -- to jog your memories, Carl Icahn announced an Apple share position of slightly over $1 billion, and the follow-up news was that Lee Cooperman's Omega Advsiors purchased 31,000 shares of Apple stock in the prior three-month reporting period -- was not that consequential. In that email I wrote to Scott that Icahn's purchase was de minimis relative to the $450 billion Apple market cap and that in the case of Omega Advisors, the 31,000 purchase represented only a few tenths of 1% of Omega's assets under management.

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