Wall St. Journal vs. CNBC?

Buried in Brian Stelter’s New York Times article on the expansion of the Wall St. Journal’s web video section is what appears to be a juicy little shot at CNBC from Deputy Managing Editor Alan Murray…

Mr. Murray, who once anchored a daily newscast for CNBC, said he never felt like journalism was “the top priority” there. On WSJ Live, it is, he said: “We think of it as another way of highlighting the good journalism that goes on around here.”

Update: Putting Murray’s accusation into context, 2005 – when Murray’s show got cancelled – was the year Mark Hoffman took over. And it before when Jonathan Wald showed up at Englewood Cliffs I believe. In other words it was a different era. Stelter, via a Twitter exchange with me, added more context to Murray’s statements…

“it’s production, it’s entertainment.” separately, he said: “quality of the journalism was 4th or 5th on the list.”

he hesitated about talking about CNBC in much detail, however. and he noted that his show was cancelled in 2005.

The charge that CNBC is entertainment is one that’s hung around even in the Hoffman era. Jon Stewart and others have taken shots at the network for its entertainment aspects and its “lack” of being a watchdog, particularly during the 2007 economic collapse and investment bank chaos. Still, CNBC regularly breaks news on the air so I don’t see how one could argue that entertainment is the overriding concern. Indeed, I’m not sure Murray makes such an argument about the CNBC of today.

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4 Responses to “Wall St. Journal vs. CNBC?”

  1. of course the wsj is gonna sound afoul about cnbc..its a rupert murdoch property aint it. god bless the folks that don’t realize what REAL journalism is.

  2. I miss Starbroker..

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