To: Ted David who wrote (7416 ) 3/11/2001 10:19:03 AM From: Margaret Mateer Read Replies (1) | Respond to of 17683 Dear Ted, thank you for taking the time to correspond with your viewers - I think we all appreciate your willingness to listen to our views... the crux of the issue about the bull-biased view that cnbc has allowed to dominate their broadcasting is that it has never been balanced by the opposite (and sadly, accurate) bearish view - there are so many excellent technicians, market theorists, hedge fund managers, (btw, even the ""top guns at the top firms" are bears! - you don't think their money is in this market, do you?) that could have been interviewed regularly to provide balance to the cnbc's bullish broadcasting bias. Your audience has realized that cnbc tacitly allows brokerage firms (et.all.)to use this valuable airtime to promote their own interest which IS selling their own inventory at a higher price to the cnbc viewer. Had cnbc required that there be equal weight in terms of air time given to both the bull and the bear argument, your viewers might have reason to think that cnbc's journalistic purpose is an unbiased one. Had cnbc required a sharper edge to the questioning of their guests....ex: Abby Joseph Cohen was allowed, just this past week, to come on and "pump" this market with her bullish views just 2 days ahead of 2 very important Goldman Saks IPOs - we all knew that but cnbc did not mention it in the interview! Perhaps you think there is a new cynicism that is growing among your viewers but I think what you're seeing is the realization that, for those still invested in this market, there are still many hard and sad lessons ahead. It would have been an achievement if cnbc had been willing and able to provide counterpoint ahead of the decline - perhaps cnbc will take the opportunity now to reposition itself to become a serious and impartial business broadcast during and apres la deluge! This is a cyclical bear market in the naz, we are in a recession, it will become a global recession and we will not recover for quite some time to come. Yes there will be vicious bear market rallies - cnbc would do its viewers (and your cnbc's reputation) a favor to give equal weight to the bearish and bullish potential of each "new rally". Time for cnbc to make the hard decisions. A year from now, I hope that your viewers will be able to say that cnbc's serious and balanced business reporting saved them from financial ruin. Sincerely, Margaret Mateer