Fisking Jeff Zucker?
CJR Daily’s Ryan Chittum examines Jeff Zucker’s latest public comments on CNBC…
Last week, NBC brass, in defending its business network, dropped this canard:
Last week Jeff Zucker, the chief executive of NBC Universal, told attendees of an investors conference that “to suggest that the business media or CNBC was responsible for what is going on now is absurd.”
The problem is that’s not what The Daily Show “suggested.” Only a fool or a flack would say that, and the Times shouldn’t have let it go unchecked. Clearly, the people who caused this were Wall Street, regulators, the Federal Reserve, and the mortgage industry. The media’s responsibility is more indirect, in not calling them out enough beforehand. CNBC’s responsibility is that it actively egged them on and helped the inside-the-bubble thinking become that more incestuous and myopic.
Jeff Jarvis was in the audience and reports that Zucker also said “blaming” CNBC is like blaming the press for going to war in Iraq. It’s great to see that this media genius hasn’t learned that lesson yet. Or is he just that dishonest?
March 23, 2009 at 6:10 pm
What an idiot. The Bush Administration waltzed into Iraq with a huge free pass from the media, the same free pass Wall Street got.
March 23, 2009 at 6:50 pm
Eh, that was the best way he could spin that.
O’Reilly covered the Stewart-Cramer interview with two anchors from FBN and they framed it as Stewart taking exception to Cramer making bad stock tips. I don’t watch FBN so I don’t know if they were sounding any alarms, but I don’t think they want to go near the accountability issue either.