Paul Gough of The Hollywood Reporter took a look Tuesday at how cable news stations such as Fox Business and CNN covered the international stock market drop while the U.S. markets were closed, and how CNBC plans to respond with its coverage this morning.
Gough wrote, “Although CNBC ran taped programming throughout the Martin Luther King Jr. holiday, it offered coverage of the markets online.
“‘The U.S. markets are closed, and just as the Wall Street Journal isn’t publishing today, we have focused all of our editorial energy online and tomorrow when the U.S. markets are live,’ CNBC senior vp Jonathan Wald said Monday.
“CNBC began its coverage of Asian markets simulcasting CNBC Asia online then was scheduled to move to live coverage at 4 a.m. EST Tuesday. Wald said the planning process was ongoing but that it would continue to report strongly as it had since the subprime mortgage crisis began.”
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