56 online
Most Popular Choices
Share on Facebook 25 Printer Friendly Page More Sharing
OpEdNews Op Eds   

Jim Cramer-Style Infotainment: CNBC Journalists Embed Themselves in America's Financial Crisis

By       (Page 1 of 8 pages)   4 comments
Follow Me on Twitter     Message Kevin Gosztola
Become a Fan
  (62 fans)


(Image by Unknown Owner)   Details   DMCA

While the dust may have settled from the two and a half segment interview between Jon Stewart and Mad Money’s Jim Cramer from CNBC on Thursday, I doubt that anyone could be satisfied with what has occurred in the aftermath. The press reaction to what was said has proven that financial news as entertainment or infotainment harms society and impacts the level of conversation and discourse severely.


Nearly a week later, has anyone seen signs that CNBC is going to return to the fundamentals of reporting? Is CNBC going to hire a few vibrant muckrakers to boost ratings and break the monotony that financial tickers and incessant talk of financial data creates on the network?


For the most part, it seems like financial "journalists" who appear on television are embedded in this crisis like journalists were embedded in the U.S. military during the Iraq War. There seems to be an understood agreement (or maybe a contractual obligation) to not beat up on Wall Street, to not fan the flames of populism. 


A coalition of outspoken media critics and progressives has formed and continues to form under the name, “Fix CNBC.” In response to Jon Stewart's Edward R. Murrow-esque interview, the coalition calls upon Americans to push “CNBC to do strong, watchdog journalism.”


A petition invites Americans to urge CNBC to ask tough questions to Wall Street, debunk lies, and report the truth instead of conducting “PR for Wall Street” and instead of being “obsessed with getting “access” to failed CEOs,” which has to the willfull passing on of misinformation to the public for years. 


But, can CNBC or any network be reformed? Why should Americans seek to reform CNBC?


First, we need to ask ourselves if we the people need a financial news network to, on a 24 hour basis with 17 hours of live television, report what is happening in the current financial crisis. News outlets traditionally have existed because people want to consume the journalism being put out by those who work at the outlet. 


Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7  |  8

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Must Read 1   Well Said 1   Supported 1  
Rate It | View Ratings

Kevin Gosztola Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Kevin Gosztola is managing editor of Shadowproof Press. He also produces and co-hosts the weekly podcast, "Unauthorized Disclosure." He was an editor for OpEdNews.com
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

We Do Not Consent to Warrantless "Porno-Scanning" in Airports

How Private Prison Corporations Hope Arizona's SB1070 Will Lead to Internment Camps for Illegals

Do They Put Lipstick on Pigs at the Funny Farm?

Why the Battle Against TSA Groping and Body Scanners is Justified

Give Obama a Chance to Do What?

To View Comments or Join the Conversation:

Tell A Friend