Another Reason Why CNBC is Dying

A couple of days ago there was an excellent article on Zerohedge discussing the continued ratings death spiral at CNBC. While it may be tempting to blame it all on Andrew Ross Sorkin, who Matt Taibbi described as “a shameless, ball-gargling prostitute for Wall Street,” there are plenty of examples to point to.

Another notable example a reader pointed out (I don’t watch the channel) is Robert Frank, who apparently was hired to put the finishing touches on the station’s viewership. His “specialty” is the “American wealthy” and he writes groundbreaking articles on engaging topics such as “the penthouse shortage in NYC” and how to “buy a Picasso on Amazon.” His blog was named by Time magazine as one of America’s most influential financial blogs. The same magazine that reports American news like this and named Hitler man of the year in 1938. WARNING: Do not read this bio on an empty stomach.  From CNBC:

Robert Frank is an award-winning journalist, best-selling author and leading journalistic authority on the American wealthy. He joined CNBC in May 2012 as a reporter and editor for the news organization.

Prior to joining CNBC, Frank was with The Wall Street Journal for 18 years, serving as a foreign correspondent in London and Singapore, and later covering Wall Street and corporate scandals. For eight years, he was the paper’s Wealth Reporter, covering the lives, culture and economy of the new rich.

Frank is the author of two books: “Richistan,” a New York Times Bestseller, and “The High-Beta Rich,” released in 2011. His blog, “The Wealth Report” was named by Time magazine as one of America’s most influential financial blogs.

Yes, ass kissing is a very well paid profession in America these days.

Here is a link to his CNBC page. 

In Liberty,
Mike

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