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Pastimes : CNBC -- critique.
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To: Yogizuna who wrote (2600)5/5/1999 10:23:00 PM
From: Hawkmoon  Read Replies (1) of 17683
 
Yogi,

What interests me is just where is the story in YHOO going up a couple of points compared to some other stock going up 10% or more??

I can see mentioning PCLN, but now CNBC, to maintain a standard criteria, will have to mention YHOO or EBAY everytime they move more than 2 points in either direction.

So underlying this point is who makes up the list, what criteria they use, and whether mentioning a stock that only closes moderately off its previous days close is a form of "promotion" or bias.

It must leave scriptwriters in a ticklish situation. It certainly creates concern about the objectivity of the editorial process in all business news offices other than CNBC.

People remain at the heart of the news "gatekeeping" process and will decide what is reported and what isn't. At the same time there will always be people on the other side (like me) who wonder if some corruption lies at the heart of the business news cycle ala' Dan Dorfman and his "buddy" Donald(?) Kessler.

Just how do you create an environment where non-anchor news personnel responsible for writing copy aren't having their integrity compromised??

It's a tough question for anyone to answer and I certain believe that CNBC's staff would be appalled by such behavior. However, it just the type of "lists" that I saw at 4PM this afternoon that sometimes leave questioning the judgement of those who determine what the audience should consider "newsworthy".

Thanks for letting me rant and rave, and I certainly am not flinging particular accusations at anyone at CNBC. I'm sure those on that staff treasure their credibility and perception of integrity.

Regards,

Ron
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