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Strategies & Market Trends : Guidance and Visibility
AAPL 266.38-0.8%3:59 PM EST

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To: 2MAR$ who started this subject3/16/2002 5:54:53 PM
From: kendall harmon  Read Replies (2) of 208838
 
CNBC gets blasted by a piece in Barrons today

An Excerpt:

CNBC is a giant infomercial masquerading as a news channel. Business news is larded with stock tips, but it is never made clear where objectivity leaves off and the happy talk about stocks begins. The problem is compounded by a complete absence of follow-up, debate or a perspective balanced by principles of finance, and the inexcusable lack of disclosure of the interests and track records of all parties involved.

It's simply not enough for CNBC to tell viewers that General Electric is their parent company, as if this revelation dissolves all ethical issues and absolves them of responsibility for shallow journalism.

CNBC is often compared to ESPN, but it's really more like the Home Shopping Channel -- without the integrity. The Home Shopping Channel does not pretend to do anything other than sell you merchandise, and unlike CNBC, it gives you your money back if you aren't satisfied.

FroM

Happy Talk at CNBC
Its analysts are always upbeat; its anchors don't probe

By Phil Demuth
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