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Old 03-17-2009, 06:09 PM   #61
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The bonuses were dealt with as part of the Obama stimulus bill. Specifically, the exception on bonuses agreed to on or before Feb. 11, 2009. (Meaning......these AIG bonuses were blessed)

Here's a FoxNews report, followed by a Daily Kos rebuttal:

To Recover AIG Bonuses, Lawmakers Scramble to Undo Protections They Approved - Presidential Politics | Political News -

Daily Kos: State of the Nation

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Old 03-18-2009, 05:52 PM   #62
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NBC boss: Jon Stewart's criticism absurd, unfair

By Paul Thomasch
Wed Mar 18, 9:14 AM PDT

NBC Universal Chief Executive Jeff Zucker fired back at comedian Jon Stewart on Wednesday, saying it was "unfair" and "absurd" for the funnyman to criticize CNBC and question its coverage of financial news.

"Everybody wants to find a scapegoat. That's human nature," Zucker said during a keynote address at a media industry conference. "But to suggest that the business media or CNBC was responsible for what is going on now is absurd."

"Just because someone who mocks authority says something doesn't make it so," Zucker said, describing the comedian's comments as "completely out of line."

Zucker's comments are the latest salvo in a war of words with Stewart, who hosts the mock news program "The Daily Show with Jon Stewart" on the Comedy Central cable television network owned by Viacom Inc.

Stewart has blasted CNBC's reporting of the financial market meltdown, saying the channel was too cozy with corporate chiefs and key government officials.

The comedian has lobbed particularly harsh criticism at CNBC commentator Jim Cramer, and last week invited him for an appearance on the comedy show, where he hammered the guest for his coverage of Wall Street.

"Listen, you knew what the banks were doing, yet were touting it for months and months," Stewart said during his March 12 show. "The entire network was. Now to pretend that this was some sort of crazy, once-in-a-lifetime tsunami that nobody could have seen coming is disingenuous at best and criminal at worst."


Zucker, speaking at the McGraw-Hill Media Summit in New York on Wednesday, said that CNBC's reporters and commentators had done a "terrific" job and the network remained a "go-to" place for financial news.

"It's unfair to CNBC and to the business media in general," Zucker said. "I don't think you can blame what happened here on the business media."

The CEO of NBC Universal, which also owns the NBC broadcast network, cable channels like Bravo and USA, theme parks and a film studio, among other businesses, said the public was tired of hearing the media blamed for its coverage of financial news.

"Frankly, I already think you're seeing a backlash," he said.

Zucker also noted that the financial crisis has bolstered CNBC's audience ratings, and said he expected viewers to stick with the cable network even if the economy remains mired in recession.

"When there is a lot of red on the screen, historically people don't want to watch that," he said. "That is absolutely not the case this time. I don't think this is like those other times."

General Electric Co holds an 80 percent stake in NBC Universal, while France's Vivendi owns the other 20 percent.

(Reporting by Paul Thomasch; Editing by Brian Moss)

Copyright © 2009 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Forgot to multiquote - liked your post CampField
And I am a fan of Stewart

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Old 03-18-2009, 06:16 PM   #63
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Jon Stewart did make some good points in the Cramer interview. But he also scapegoated a whole network in a way that only an armchair quarterback can.

So I don't completely discount Jeff Zucker's comments.
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Old 03-19-2009, 09:26 AM   #64
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Originally Posted by Bluer White View Post
Jon Stewart did make some good points in the Cramer interview. But he also scapegoated a whole network in a way that only an armchair quarterback can.

So I don't completely discount Jeff Zucker's comments.

but at the same time it was rather refreshing to see the "press" (wow... is stewart really considered to be part of the press??) go after someone, even if it was a bit over-the-top.
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Old 03-25-2009, 05:18 PM   #65
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Just for laughs, and continuing on the theme of news and satire blending together...

New York Times, March 25, 2009

In yet another sign that the line between real news and fake news is getting thinner, one of CNN’s main anchors during the 1980s and 1990s, Bobbie Battista, has taken a step through the looking glass and can now be seen anchoring reports online for ONN, The Onion News Network. In the report below, “Prague’s Franz Kafka International Named World’s Most Alienating Airport,” Ms. Battista reports the fictional news with the same aplomb she brought to the real thing during her 20-year career at CNN.

In a recent interview with the blog CNN Observations, Ms. Battista said she enjoyed the fake reports, though she admitted: “I wasn’t sure I should do them at first.” She also advised aspiring journalists to “practice journalism, not blogging,” and had some harsh words for her former employer for cutting back on international news: “How often do you see Christiane Amanpour’s reporting on CNN anymore? Very selectively. Her reports and those of others around the globe used to be daily fare. And CNN has closed a number of bureaus overseas as well. The thinking is that people aren’t interested in international news. I think that’s wrong, especially as the world continues to grow smaller and more inter-connected.”


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μελετώ αποτυγχάνειν. -- Διογένης της Σινώπης
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