Recent Blog Posts
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Is an End Near for Forcible Arbitration?
Apr 25 20098:44 pm EDT -
Bernie Madoff's Deputy Said to be 'Ratting Down'
Apr 24 20099:10 am EDT -
FINRA Decrees: If You Kiss, You Must Tell
Apr 23 20097:25 am EDT -
Mr. Geithner's Neighborhood
Apr 22 200912:17 pm EDT -
Bigot Revels in His Three Seconds of 'Fame'
Apr 21 20094:11 pm EDT -
Bankruptcy for the New York Times?
Apr 21 200910:12 am EDT -
Congress Should Keep its Cotton-Pickin' Hands Off the 'Pecora' Commission
Apr 20 20099:30 am EDT -
The Whisper Campaign Against an Overstock.com Whistleblower
Apr 17 20096:39 pm EDT -
The New York Pension Probe: So What Else is New?
Apr 17 20092:42 pm EDT -
Eureka! Defrauded Investors Are Getting (Gasp) All Their Money Back
Apr 16 20095:47 pm EDT
Mar 09 2009 11:54am EDT
CNBC Fracas Unveils Financial Journalism's Dirty Little Secret
An article in the New York Times today describes how CNBC has blurred the lines (such as they are) between business punditry and journalism, and says:
CNBC is now a place for politics, to borrow a phrase from its sister channel MSNBC. The network's journalists have been encouraged to speak their minds, making the line between reporter and commentator almost indistinguishable at times.This seems a bit odd coming from the Times, which has deployed some of its best reporters, from Tom Friedman to Joe Nocera, into writing columnists that are deeply opinionated. But I guess the thing about the article that interested me is how it almost, but didn't quite, touch upon financial journalism's dirty little secret.
Which is, of course, that financial journalists tend to be a bit more conservative than journalists in general. You might say that NBC has both flanks covered, with MSNBC on the left and CNBC on the right. Not that there's anything wrong with that.
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