Here is yet another classic media critique by The Daily Show, this time they take on Rick Santelli and CNBC:
For a more in depth analysis of the segment see Ryan Chittum’s blog at Columbia Journalism Review. Chittum admits that the clips used by Stewart are selective, but there is still an important aspect to overall critical assessment of CNBC business reporting:
[W]hat makes this [segment] so interesting is what Stewart does to pierce the CNBC bubble on several different things that make the network so disliked by business journalists generally: Its lack of a line between opinion and reporting (and lack of disclosure about who’s a reporter and who’s not). Its Siamese-twin closeness to Wall Street. Its rah-rah rooting for the stock markets. Its inanity in interviews that too often veers into sycophancy. On the other hand, if there is a discomfort among the business reporters with CNBC, it might be because the network’s bad practices are only extreme manifestations of wider cultural problems in their profession.
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