FNN went "out of business" because they were bought out by CNBC
Umm, FNN was bought by CNBC because they were bankrupt. Interesting story that, a bunch of financial reporters working for a publicly traded company which slowly descends into bankruptcy over a period of months and none of them has a clue. Or, even worse, they saw what was going on and remained silent. Don't get me wrong, FNN was okay for its time. In fact, some of the best people from FNN are on CNBC today, and many of the innovations of FNN also followed over to CNBC. But I don't think the degree of professionalism or quality of reporting at FNN came anywhere near what you find on CNBC today. Just my opinion, of course. And to be fair, a trader might see it differently because FNN was much more oriented toward traders than CNBC is. But these days, if you're a serious trader I don't see how anything other than a very narrowly focused TV show would add much value over Level II and Bloomberg anyway.
As for the thread being dead lately, that's certainly true. Anyone with the stomach to go back and read the posts of the past few months should be able to see why that happened. And I'm afraid that I don't consider tonights flurry of activity to be an improvement. |
