Friedman wonders why CNBC isn't covering Bartiromo story
Marketwatch media columnist Jon Friedman points out something today about the Maria Bartiromo/Citigroup flap that no one else has bothered to note: Why hasn’t her own network, CNBC, covered the story?
Friedman wrote, “Apparently, CNBC’s damage-control strategy is to hope that this unwanted intrusion will play itself out and simply go away. The network may not be so lucky, in this age of blogs.
“Anyway, CNBC bills itself as The Worldwide Leader in Business News. Bartiromo is a legitimate TV star. Those two factors alone make the story worthwhile and compel CNBC to report on it.”
Later, he added, “CNBC is giving Bartiromo what amounts to a free pass. To some outraged media observers, CNBC’s neglect seems like something of a scandal in itself. After all, how can one of its journalists ever again bemoan corporate disclosure problems with a straight face?
“Officials at the company maintain the network and Bartiromo have done nothing wrong. They don’t want to inflame a touchy situation by dignifying what insiders describe as scurrilous rumors. Further, the network’s officials contend that there was no conflict in their decision to leave her name out of its Citigroup coverage. The CNBC officials argue that the network’s coverage of Citigroup has been aggressive.”
Read more here. His conclusion is that CNBC has damaged its credibility by not reporting about its employee.