Bring legtimacy to TV business reporting

Bill Cara writes on Seeking Alpha what’s wrong with TV business news these days.

Cara writes, “Financial media need to be more responsible. People’s savings are at stake. This is not a matter of entertainment or sport. More analysis and less synthesis (ie, story-telling) is required. Where is Walter Cronkite when you need him?

“For the past two days I have forced myself to sit in for about five minutes every hour to get a sample of CNBC presentations. It was tough to get through. In fact, as I see it, the General Electric management has to review the situation. CNBC has been reduced to little more than an infomercial.

“What concerns me as well is that Bloomberg and BNN seem too eager to be copy-cats, and as for the Fox business network, I won’t even comment.

“I think there is an opportunity for a new media operator to come onto the scene and bring legitimacy to financial reporting.”

Read more here.