Cramer to Stay at CNBC

Jim Cramer has signed a multi-year deal to remain with CNBC, it was announced last night. Here's the release:

CNBC, First in Business Worldwide, today announced that Jim Cramer, host of “Mad Money w/Jim Cramer” (6PM & 11PM ET), has signed a multi-year deal to remain with the network.

“Jim has played an integral part in CNBC’s rebirth. He is not only one of the most respected and successful Wall Street minds but also happens to be a great entertainer,” said Mark Hoffman, CNBC President. “I’m thrilled Jim will remain part of the CNBC family. When Jim Cramer speaks, people listen, and so does the market.”

In addition to hosting “Mad Money,” Cramer will continue his “Stop Trading” segment with CNBC’s Erin Burnett during “Street Signs” (2PM-3PM ET). Cramer will also begin contributing original content to the “Mad Money” homepage (madmoney.cnbc.com) on CNBC.com, the network’s official website.

“With my program, CNBC has given me the opportunity to break down the traditionally complicated stock market to engage and educate the next generation of Wall Street investors,” says Jim Cramer. “Doing ‘Mad Money’ everyday is my passion and I’m excited to be a part of this incredible network. This is the only team I want to play for.”

CNBC’s “Mad Money w/Jim Cramer, ” launched in March 2005, features lively guest interviews, viewer calls and most importantly, the unmatched, fiery opinions of Cramer himself. Cramer serves as the viewer’s personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind — to help them make money.

Cramer joined CNBC after a 25-year career on Wall Street as a trader and hedge fund manager. Cramer is co-founder of TheStreet.com, a multimedia provider of financial commentary, analysis and news. He currently serves as a markets commentator and advisor for TheStreet.com and is also the “Bottom Line” columnist for New York magazine.

Cramer is a best-selling author, with his latest book Jim Cramer’s Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer), hitting shelves on Tuesday, December 4th. Cramer also recently published Mad Money: Watch TV, Get Rich, which is a user’s guide to making the most of his CNBC program as well as Jim Cramer’s RealMoney: Sane Investing in an Insane World, Confessions of a Street Addict and You Got Screwed! Why Wall Street Tanked and How You Can Prosper.

Cramer will also be featured as a boardroom judge alongside Donald Trump and his daughter Ivanka in the upcoming edition of NBC’s “The Celebrity Apprentice,” premiering on January 3rd.