Keep your personal politics out of the news. Give us the futures, the breaking news, the most important business stories. Let people know what is happening each morning. I bring this up, in part, because some of the business media has and will continue to voice their political views, and similar to my political views, no one should be interested in their political stands and/or opinions. A good broadcaster, he said, doesn’t coach he lets the game tell the story. “Glickman emphasized that the most important roles of a broadcaster were to repeatedly tell the score and to visually and lucidly describe the game’s plays and action. In Doug Kass’ Real Money Pro daily diary, he wrote a piece today entitled Walts Wit and Wisdom - Why the Case of GM and the Fable of the Fishing Boat May Apply to Tech Stocks Today. It was Glickman’s discussion of what makes for a good sports broadcaster that Kass wants to see applied to business news: To continue with Kass’ missive: He discusses attending a forum where two iconic sports figures - former New York Giants football coach Allie Sherman and the dean of broadcasting Marty Glickman. They disastrously followed the Roger Ailes school of journalism, erroneously believing it would work with business & stock market programming. Just as Murdoch has damaged the WSJ, once the finest business and all around paper in the US, so too have other channels forfeited their position as the best financial television on cable. That is the reason that so many market professionals have flicked over to Tom Keene on Bloomberg TV each morning, and why other network’s have seen their ratings go in the crapper.Īfter watching what Fox News did to CNN, there was a genuine - and misplaced - fear of Fox Business, leading to amongst mainstream business media, a politicization of business reporting. Kass writes: “ I have very strongly held political beliefs, but I feel as strongly that my platform in my diary on Real Money Pro is an inappropriate forum for me to deliver and voice my views.” Which of course is precisely what all too many supposed business shows do. (You don’t have to be a media savant to understand precisely who he is referring to). All of Real Money, plus 15 more of Wall Streets sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis. This morning, Doug Kass eviscerates the pontificating blowhards who pretend to be reporting about business, but are really nothing more than political hacks using business TV to push their own.
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