CNBC has become the Gong Show

Don McNay writes Thursday on The Huffington Post that business news cable network CNBC has changed so dramatically since its early days that it has become like the old TV show “The Gong Show.”

McNay writes, “CNBC used to have a small number of big name experts, like ‘Investment Biker’ Jim Rogers, who really knew something about finance and gave them time to talk.

“Now they drag in scores of warm bodies that no one has ever heard of. Often they have no connection to the topic of the day.

“Today was the tipping point for me. It was a big day in the foreign markets and I tuned in to Power Lunch get some insights.

“Instead, Power Lunch was focused on a union bashing topic. They brought on a ‘Democratic operative’ who had no connection to any labor union and paired her with a right wing talk show host.”

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