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Wednesday, March 18, 2009 12:00 AM

NBC prez: Jon Stewart "unfair... completely out of line"

Jeff Zucker defends his employees, including CNBC and Jim Cramer, and lashes out at the "Daily Show" host.

The letters thread is now closed.

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Wednesday, March 18, 2009 09:41 AM

Yo, Zucker

STFU, your Boy got punked. Justifiably so. Why don't you go on The Daily Show to make your case?

Wednesday, March 18, 2009 09:43 AM

defensive much

If he really wanted to refute Stewart's interview, he would need to address specific points. In his own words, "just because he [Zucker]says so", doesn't cut it.

Steward wasn't blaming CNBC for the crash. He was accusing them of being complicit in a propaganda campaign for the stock market. They claim to be a news organization, but it was clear that they weren't really interested in providing investigative journalism which got at the truth of things. They are stock market boosters, to the point at which they are even advising consumers to keep buying into over-priced housing even though "it sounds irresponsible" because "that's the way the market works." And so many other instances of failing to fully inform so that potential investors could make wise decisions.

CNBC does bear *some* responsibility here.

Wednesday, March 18, 2009 09:47 AM

Can anyone defend themselves these days...

without resorting to straw man arguments? Sheesh, this is getting so old!!

Wednesday, March 18, 2009 09:50 AM

So they were incompetent instead of conspiratorial?

Gee, where have I heard that before? Oh, yeah...it's how some of Bush's supporters defended him after no WMDs were found in Iraq.

Wednesday, March 18, 2009 09:51 AM

Scared Much?

CNBC is screaming and whining because, like Jim Cramer himself, they know that what Stewart said was true and a large portion of the population agrees with him. They have high ratings now because, well, the economy being in the toilet is the story of the year, and that is apparently what the network is supposed to be covering all day. When even TMZ is running stories about bankers, the credit crisis and Bernie Madoff, you know that the economy is having its 15 minutes.

I would imagine there are a lot of people who never even noticed there was a 24 hr financial network tuning in to see what exactly it is they do on there. I'm sure they're completely impressed by the dazzling presentation of "Fast Money." Could we have just a few more zippy graphics please?

Wednesday, March 18, 2009 09:51 AM

HY-PO-CRITE

Jim Cramer was not used by Stewart as a "scapegoat." He was a "sacrificial lamb" because of his own (Cramer's) ego and harping about how all the big-name financial institutions were "sound," even though his insider information pointed to other, very troubling, realities (that Cramer, conveniently, kept mostly to himself). ALL MSM talking-heads suck up to those in power: entertainment gossip-mongers, news-spokesmodels, and business bloviators. Stewart was simply asking for a higher standard, not that that would be hard to achieve. Our enterinfotainment gurus have as much understanding of America as the executives at AIG ... ZERO! But somehow, they really seem to believe they have their fingers on the pulse of the nation. The only thing more dangerous than total, abject ignorance is someone who thinks they "get it" but are, in reality, clueless. Jeff Zucker fits the latter description.

Wednesday, March 18, 2009 09:52 AM

Stewart was fair. Zucker is wrong.

CNBC deserves everything anyone can throw at it. They were cheerleaders for the Wall Street gang who were being greedy greedy greedy. And Cramer's show HAS lost viewers since Jon exposed them for the charlatans they are.

Wednesday, March 18, 2009 09:53 AM

I'll believe that Jon Stewart was unfair

and out of line with his questions the day that NBC does an in depth report regarding the conflict of interest with weapons manufacturers and the defense department vs. what is reported on television.

In short, when pigs fly.

Wednesday, March 18, 2009 09:53 AM

They have their highest ratings because everyone wants to watch the trainwreck

People aren't tuning into CNBC because they think it provides good information, they want to see what all the laughter (through tears, of course) is about.

Wednesday, March 18, 2009 09:54 AM

Douchebag Defends Rampant Douchebaggery

Film (in the form of a short clip being mocked by Jon Stewart_ at 11:00 (well, midnight where I live)

Wednesday, March 18, 2009 09:54 AM

How stupid are these guys?

As long as they keep trying to refute it, they're keeping the story alive and giving TDS more ammo. Don't these shitheads know when to shut the fuck up?

Wednesday, March 18, 2009 09:55 AM

Stewart rocks

You know you've touched a nerve when the president of NBC bothers to respond to the taunts of a comedian! Jon Stewart is at least as sharp a critic now as he was when he had Bush to kick around.

Wednesday, March 18, 2009 09:55 AM

Zucker must have missed the show

Jim Cramer admitted that he could have done a lot more as a journalist, to investigate everything, instead of simply repeating what the CEO of an doomed company was saying on the CNBC. Cramer, as Stewart showed, knew about all the dirty tricks the people on Wall Street were using to puff up the market. He knew the market was running on nothing but hot air. Yet, he kept telling people to buy into a lie. The fact of the matter is this: it didn't matter what stock Cramer told people to buy, because none of the stocks reflects the real value of the company.

However, the biggest beef Stewart had with CNBC was when one of their own commentators called the people who are facing foreclosure "losers" and yet CNBC themselves didn't even see the finical crisis coming when they called themselves "experts". What does Zucker have to say about that?

Wednesday, March 18, 2009 09:56 AM

Break Out the Wah Meter

You wonder if these people will ever learn that you lash out at Jon Stewart at your peril.

Wednesday, March 18, 2009 09:56 AM

The bigger criticism.

CNBC not see the financial collapse of 2008-2009 before it his is the equivalent of the weather channel not seeing Katrina coming. CNBC utterly failed at the one thing it should be good at, telling its listeners what is on the horizon.

Wednesday, March 18, 2009 09:56 AM

Cover both bases

Isn't it funny how NBC has MSNBC, blatant liberal news channel, and then CNBC, now deemed the big-business, greed channel associated with Republican ideals?

Kind of like Foxnews and then Fox shows like Family Guy and Simpsons...

Whatever makes a buck, right?

Wednesday, March 18, 2009 09:57 AM

Of course they can

Can anyone defend themselves these days... without resorting to straw man arguments? Sheesh, this is getting so old!! -- orbitboy

But they have to hold a position that is defensible. This isn't the first time Stewart has dismantled talking head idiots on air. Remember, he went after Carlson and Begala on CNN. Did it reform either of them? No.

Zucker can get stuffed. Once upon a time, NBC had a news division nearly as good as CBS. They took reporting seriously in the 1960s and up through the late 1970s.

Wednesday, March 18, 2009 09:57 AM

Zucker's lame defense of the business media and CNBC

RE: "Zucker also reportedly told those in attendance that CNBC currently has its highest ratings in history, and that Stewart's comments are unlikely to change that."

Zucker clearly cares only about ratings and NBC $$$$$$. Stewart's efforts with Cramer were not intended to hurt his ratings, but rather to give him a wake up call about how much the whole business media, Cramer included, has been in the back pocket of the wheelers and dealers who brought the global economy to its knees. I thought Stewart did that very well. It remains to be seen if Cramer can make use of this information.

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