Washington & Lee journalism ethics professor Ed Wasserman writes in the Miami Herald that both Maria Bartiromo and cable business news channel CNBC failed in the recent brouhaha about her taking a plane ride on the Citigroup corporate jet.
“Lately she had taken steps, the New York Post says, to trademark ‘Money Honey,’ which started out as a derisive nickname. That would enable her to get royalties from T-shirts, bumper stickers, chewy toys and the like.
“The surprise isn’t Bartiromo; it’s her handlers. In 2003 CNBC, chagrined by her Weill interview, radically tightened its conflict-of-interest rules. Now the same network sees no problem.
“CNBC no longer perceives a difference between journalist and show pony. Bartiromo’s jet-setting isn’t, as the network claims, source development. She isn’t doing legwork on stories. She’s a corporate emissary and brand-enhancement, helping favored companies — many of them CNBC advertisers — to put on successful events. She partners with the world she’s supposed to cover.
“So what happens when her duties as a journalist — duties to inform us, her public — obligate her to report news that would displease her network-approved consorts on the intercontinental banquet circuit? Do we get the news, or do they get the Money Honey?”
Read more here.
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