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To: Tony Viola who wrote (162617)3/20/2002 4:38:19 PM
From: Road Walker  Respond to of 186894
 
Tony,

Typical of today's journalism; they think that their questions are more important than the guests answers. The interviewer is the star, the guest is just a bit player.

John



To: Tony Viola who wrote (162617)3/20/2002 4:38:19 PM
From: The Duke of URLĀ©  Read Replies (1) | Respond to of 186894
 
CNBS got taken over the coals in a recent Barons article which just took them apart. Since then they have cut down substantially on the busllsht and the nothing but pump mentality.

It is to be noted in the instance you mention, however, that the dude they cut back to is the B of A dude who voted against the merger, who comment was, "there are two sides to every story" so the end result was even worse --- less than what one would call "objective" reporting.

However, real investors do not normally listen to CNBS for its content its more like the equivalent of the "elevator music" of newsbroadcasting. It there, but you don't really hear it.



To: Tony Viola who wrote (162617)3/20/2002 4:39:19 PM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
Tony - Re: "They had Michael Capellas on as they had been saying they would, he's fielding some good questions with some frank answers, and they switch him off and have Maria ask some idiot analyst instead what he thinks of the merger. They have the horse's mouth (well OK, Carly) and they switch to a horse's ass instead. Freaking CNBC! "

You have described a common failing for CNBC - they DWELL on what 3'rd party analysts have to say, even at the expense of having direct access to a given company.

Paul