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To: Hobie1Kenobe who wrote (10481)4/2/2000 3:38:00 PM
From: lurqer  Respond to of 35685
 
As long as the houses and the big Dow companies they work for are spending big advertising bucks, the media has no incentive (at the editorial level) to shine any light on manipulation.

True but I believe it goes a bit deeper. CNBC is in the eyeball game. They depend on eyeballs to sell their advertising. The houses can provide "big names" (Biggs, Cohen, etc) and then CNBC can hype the "appearance" of the name to hold those eyeballs. If CNBC didn't "play ball", they would lose a powerful source of "eyeball attraction" and hence advertising revenue.

But then I've been called a cynic.

lurking...

lurqer