CNN e-mail ignores stock market's strong performance

Tom Blumer, writing on the Newsbusters web site, noted that an e-mail he received Friday from CNN about business news gave scant attention to the stock market’s performance this past week.

He wrote, “From a CNN e-mail I received shortly after the close of Friday’s stock markets (this was the entire message):

‘Wall Street fights off mortgage-risk-induced woes to end the week higher, with small gains Friday.’

“Anyone reading this e-mail would have thought that this was a net ho-hum week on The Street. After all, the e-mail merely said that the week ended ‘higher.’

“‘Higher’? More like ‘way, way higher‘ — in fact, the best single-week point gain in four years.”

Later, he added, “So how many busy people who got CNN’s e-mail didn’t hear the real news anywhere else, and therefore think that Wall Street didn’t do anything notable this past week? Once again, the Formerly Mainstream Media figures out a way to hit the mute button on a piece of good economic news. If I visited the CNN newsroom’s business section yesterday, I half-expect that I would have found a ‘mission accomplished’ banner hanging in a prominent place.”

Read more here.