From the wires:
NEW YORK, March 18 (Reuters) – 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, 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.”
Jeff my boy…people are not sitting around worried about whether your merry band of stock pickers are getting picked on! And yes, the media is a huge part of the problem.