Did Jim Cramer Get Fired?

Rumors run thick in every industry, and maybe especially in media. Well, as one who works with a station that is part of the Infinity Radio Network (and recently carried Jim Cramer's wildly popular radio show), the Mad Man of Money was fired. Let me emphasize the first sentence again, this is rumor and not substantiated fact. However, this is rumor from some very reliable sources. I'm writing about it now because I would love to hear from others who have more or better information.

Another part of this rumor as that Cramer wasn't fired because he isn't very good. He has enjoyed a remarkably successful radio program. I'm going to miss him because he took positions in the show that were virtually unheard of by financial advisors in the media. Instead of continuously hedging his bets, he stuck his neck out there in bold and amazing ways, which kept listeners coming back for more.

This popularly may have led Cramer to have a rather grand view of himself, according to the rumor mill. In fact, it is being circulated that he asked for $30,000 a month per affiliate each month (at least he doesn't suffer from a low self-esteem). Very few of them, if any, bit at this proposition and he was essentially "let go."

Or was he? I almost think he didn't want to do the show any more, but didn't want to simply want walk away from it. He already a very demanding daily show, after all. But simply leaving could look very weak, I'm sure in the eyes of many. So instead of taking a walk, he created a situation where they had to let him go and if they didn't, he at least would have cried all the way to the bank. The amount of dollars he was asking for and receiving revenue from those advertised nationally was unheard of in the industry. It still is, even after Cramer's alleged attempts to make such happen.

I doubt that this is the end of Cramer on the radio. You can take the person out of radio, but not the radio out of the person. I know this from my personal experience. I believe he will be back with a vengeance, probably on Sirius or XM. They probably will pay such mad money for a name like his. Just wait and see.