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Glenn Beck has lost 1/3 of its TV audience since January

April 28, 2010 8:31 am ET by Eric Boehlert

Should we blame it on the Massa Moment?

Will that Hindenburg performance soon be seen as the turning point for Glenn Beck: the pivotal moment when the Fox News show began to permanently leak viewers?

Who can forget the March day that will live in cable news infamy, when Beck invited embattled Democratic Congressman Eric Massa onto his show, for an entire hour, to blow the whistle on Democratic Party corruption? Or so Beck thought. Instead, Massa went on and on about tickle fights, and Beck became a laughing stock -- the butt of endless Geraldo-opens-Al-Capone's-vault jokes.

Prior to the Massa Moment, Glenn Beck was averaging 2.6 million viewers each week, and the show was still flying high. And in the short term, the wildly hyped Massa episode produced ratings gold, generating 3.4 million viewers that night, thank you very much. Long-term though, the effects have proven to be disastrous.

As I noted two weeks ago, Glenn Beck's ratings are down this spring. Now it's clear those declines are accelerating and there are no signs of a rebound. So what does that mean for Beck, Fox News, and the Tea Party movement?

First, the latest Nielsen low: Glenn Beck just posted another ratings low for this year. The new mark was set last Thursday when the show attracted 1.82 million viewers. The host's previous, non-vacation low for 2010 had been 1.97 million viewers. That low-ebb mark was set on April 9.

Based on the Nielsen numbers, here's a look at Beck's average daily viewership over the last five weeks. (Any weekend re-broadcasts, as well as weekday shows when Beck was on vacation, are not included in the tabulation.)

(The temporary spike shown above represents the day after health care reform passed in the Congress.)

Let's put Beck's ratings into context. Yes, in the world of cable news, his numbers are impressive, and virtually any host would be happy to have them. But look how far Glenn Beck has fallen recently. In late January and into February, the program was averaging 3 million viewers each week. And late last year, the show spent month after month flirting with that figure. Today, the viewership is trending around 2 million (Last week it was exactly 2.01 million viewers.) -- which means that in a span of just three months, Glenn Beck has lost nearly one-third of its television audience.

My take? Those missing one million aren't coming back. Not permanently anyway. Meaning, this is not a temporary hiccup for Glenn Beck, and the host is not likely to see a V-shaped recovery in terms of the show's ratings. Beck mania seems to have peaked. At least on TV. Will the show enjoy occasional audience spikes? Sure. But I doubt they will be sustainable. 

And that has to be sending up all kinds of red flags inside Fox News, which already struggles to find any big-name advertisers to fill out the commercials on the controversial show. Keep in mind, there are more than 200 companies that have gone on the record as saying they will not buy ad time on Glenn Beck's show. Applebee's? No. AT&T? No. Bank of America? No. Best Buy, Campbell Soup, CVS, Ditech, Farmers Insurance Group, GEICO, General Mills, Johnson & Johnson, Lowe's, Nutrisystem, Procter & Gamble, Progressive Insurance, RadioShack, Sprint, State Farm Insurance, The UPS Store, Travelers Insurance, Verizon Wireless, Vonage, or Wal-Mart?

No.

Corporate America (aka the beloved free marketplace) wants nothing to do with Beck. (Sort of like the NFL wanted nothing to do with Rush Limbaugh last year.) Today, there are less than a handful of nationally recognized advertisers who appear willing to purchase air time on Glenn Beck. Think about the deep, deep discounts Fox News likely has to offer the remaining advertisers in order to get them to come aboard. (And the show is supposed to be a hit.) Now add to that equation the fact that Glenn Beck has lost 1/3 of its audience since January, and you can see where this is heading for Fox News.

How soft are Beck's current ratings? He's now posting the type of numbers that his show used to get when he was on vacation and somebody less famous stood in for him, like when he took a few days off in late March and his show averaged 1.9 million viewers. Beck's been back from his March vacation for weeks now, but his ratings are roughly the same as when he wasn't even there.

What's so amazing about the stampede away from Beck's show is that the political landscape has not changed during that time. In fact, according to press accounts, the Tea Party movement that Beck is so closely aligned with is supposedly in the midst of a surge in momentum and enthusiasm. So why is Glenn Beck losing viewers? It's odd because Beck's nemesis, President Barack Obama, is still in office and still doing his best, in the Beck worldview, to ruin America from within. Democrats are still in charge of Congress and still, in the Beck worldview, ripping up the Constitution. It's not like the evil Democratic threat is gone. Beck's bogeymen remain in place. It's just that one-third of his audience has lost interest and has checked out.

What's wrong with Glenn Beck? And why are viewers fleeing the show? Obviously, I'm not the target demo, but I will now admit that there were times last fall and in early winter when Beck's show did have a kind of demented, "Oh wow" factor to it, and I tuned in regularly just to see what he'd say and do next. The program did, at times, make for compelling television.

But today, making it through one of his insufferable, redundant shows feels like sitting through detention. The wow factor is long gone. Whatever originality the show once had has been replaced with a suffocating sense of sameness as Beck's expanding ego seems to have completely taken control of the operation.

Which brings us back to the Massa Moment, and the absurd broadcasting notion that Beck could generate interesting television for an entire hour while interviewing a congressman he barely even knew. i.e. recipe for disaster. And yes, Beck seems to know that the lecture-like shows he now produces, complete with unreadable chalkboards, don't make for good TV. Last week he jokingly conceded, "This is the worst television ever done. We're doing it every day, congratulations."

Beck appears to be trapped in something of a programming box. If he continues to just keep saying the same thing day after day, more viewers are likely to flee. If he goes long and risks his shows on ridiculous Massa-like interviews, more viewers are likely to be turned off.

But who knows, maybe it wasn't the Massa flame-out that drove viewers away. Instead, maybe it was Beck's hateful and irresponsible attack on Christianity, and specifically Catholicism, in which he urged parishioners to leave their church -- during the Easter season -- if their church mentioned "social justice," which Beck announced was akin to communism and Nazism. Maybe that's what opened the Fox News floodgates, as offended viewers forced their way out.

Or maybe it's been a combination of Beck's incessant whining, married with his delusional conspiracies and his hateful rhetoric that simply do not appeal to people outside of his most hardcore, fanatical, Obama-hating followers. And maybe in the end that group only numbers 1-1.5 million viewers.

Or maybe the sagging numbers represent the let-down that came after Beck's flock watched health care reform pass; the same reform that the GOP Noise Machine had pronounced dead all winter long and that had no chance of passing. (Oops!)

Oh, and did I mention Beck's runaway ego? As Media Matters' Ben Dimiero wrote last week:

Capping a week in which he attempted to explain the "plan" he "think[s]" God wants him to "articulate," Glenn Beck informed listeners of his radio show today that "an individual" at the Vatican purportedly told him that we are entering a "period of great darkness" and that Beck himself was "wildly important" to the upcoming struggle.

Okaaay.

Whatever the possible causes of the exodus, Nielsen numbers don't lie about the concrete effects.

Jed Lewison recently pointed out at DailyKos that Beck's April ratings this year are actually slightly lower than April 2009, when the whole Tea Party movement was just getting off the ground [emphasis original]:

From April 1 to April 14, 2009 (the two weeks immediately preceding tea party 2009) the Glenn Beck show averaged 2.23 million viewers.

Meanwhile, from April 1 to April 14, 2010 his show averaged 2.15 million viewers.

[...]

That's not a dramatic decline, and Beck clearly still has a loyal audience. But his audience is not growing.

That's right, year-to-date, Beck's audience is not growing. Despite all the media attention, the cover stories on Beck and the endless reporting of the Tea Party movement he supposedly leads, over the last 12 months, Beck has not grown his TV audience. Well, he grew it, and then lost it again, while managing to lose 200 advertisers as well.

In fact, if the precipitous Glenn Beck ratings trend continues, the show will soon be regularly attracting many, many fewer viewers than it did 12 months ago -- an astonishing turn of events for a signature show that's supposed to be at the forefront of a political revolution. 

UPDATED: New April Nielsen numbers confirm Beck's rating decline. 

 

Expand All Expand 1st Level Collapse All Add Comment
    • Author by MickD (April 28, 2010 8:36 am ET)
      11  
      Oh no, now what will Fox Viewers brag about? The programming?
      Report Abuse
      • Author by bilbo_dies (April 28, 2010 8:48 am ET)
        11 2
        Hey, Fringe is a freaky fantasy land show and they lay no claims to being based in reality.
        Report Abuse
      • Author by News Corpse (April 28, 2010 4:00 pm ET)
        8 1
        All Fox has left is a former half-term governor and a rodeo clown. They will competing against the 700 Club by the end of the year.

        Fox News Ratings Dive: American IQ Rebounds

        [http://farm4.static.flickr.com/3533/4560719923_97be3b3d5f.jpg]
        Report Abuse
        • Author by swmayhew (April 29, 2010 7:19 pm ET)
          2  
          Great comment - the clown and the 1/2 term gov are like wacky siblings - both desperately needy for love and both insanely under informed about EVERYTHING!
          Do that know how to GOOGLE? Apparently not!
          Report Abuse
    • Author by bintx (April 28, 2010 8:49 am ET)
      9  
      He's also losing radio listeners. According to what I heard yesterday on Morning Joe, Joe and Mika now have higher ratings in the New York market than Beck. His ridiculously stupid rants are chasing off Christians, Jews, retirees, the disabled, farmers . . . just about everybody but the crazy folks who haven't listened when he's told them that they are idiots if they take what he says as gospel. He's a self-admitted con man.
      Report Abuse
      • Author by RKAllen (April 28, 2010 10:05 am ET)
        10  
        His ridiculously stupid rants are chasing off Christians, Jews, retirees, the disabled, farmers...


        ... and teachers, union workers, college students, nurses, African Americans, Hispanics, Germans, the Chinese, Europeans, Canadians, historians, intellectuals, and those with reason, Mormons, atheists, agnostics, environmentalists, evolutionists, anyone using government assistance, the poor, the sick, or the unfortunate, 200 advertisers, politicians, journalists, public institutions, those who believe in social justice, progressives, conservatives, and of course... us liberals.

        Believe it or not... he still has his pot of more than two million to feed his greed from.
        Report Abuse
    • Author by IRONY 101 (April 28, 2010 8:53 am ET)
      8  
      It strikes me that to be an avid Beck devotee requires a sustained energy level that would be impossible for Beck's audience to maintain.
      Report Abuse
      • Author by open_mind (April 28, 2010 10:22 am ET)
        9  
        That is a good point. NPR did a piece a while back discussing the difficulty in being a shock jock. You constantly need to whip up the masses in more and more over-the-top ways, because they eventually build up an immunity to what most people would recognize as sheer lunacy.

        That said, the viewers will likely be back in the Fall for the election. You cannot sustain high ratings from elections forever. I think it is odd that Fox was able to do it for more than a year after the last one.
        Report Abuse
      • Author by swmayhew (April 29, 2010 7:26 pm ET)
        2  
        So right - my favorate Beck screed was when he claimed that the Deco inspired style of Rockefeller Center had communist iconography -

        No problem - except that he omitted the fact that Rockefeller was a world-famous capitalist and that Deco was a prevailing art form of the time!!! (This would have been a 2 second Google search, but typically it didn't fit his rant - and why wouldn't his audience know that anyway).

        Unlike progressives who question everything, the ditto heads simply accept everything as long as the lecture is based on hate and he's talking to a group that doesn't want to think anyway.
        Report Abuse
    • Author by bodhi057 (April 28, 2010 9:34 am ET)
         
      As the article stated, Beck has just run out of material. "Progressives! blah, blah, Communists! blah, blah, Fascists!" It's redundant. The Beckster blew his load early and is now just a broken record. His isolationist rant as part of his plan probably didn't help either. Hasn't worked for Ron Paul either Glenny.
      Report Abuse
    • Author by grunt (April 28, 2010 9:41 am ET)
      1 18
      What this articles and most people here don't seem to understand is what Beck has ACTUALLY done for Fox News. Has he lost advertisers? Sure. Here is the real question though, and one even more important than the advertisers he brings. How many viewers did Fox News (and other outlets were even lower) have in the 5:00 pm slot prior to Beck? It was steadily around 500,000-700,000. Why is this important?

      The 5:00 pm slot is very important to cable outlets. If you can draw an audience at 5:00 pm, you are more likely to keep those viewers for the primetime line-up. So, Beck WAS drawing 5-6 times the number of viewers previously averaged in this slot. Even still he IS averaging 3-4 times the previous averages.

      This is why MMFA is not seen as credible in many circles. You are dishonest to your members and your readers. As long as Glenn Beck is bringing viewers in numbers many times over what the previous programming was bringing, he will still be relevant, and Fox won't have a "Glenn Beck problem".
      Report Abuse
      • Author by bintx (April 28, 2010 9:46 am ET)
        13  
        Who cares? Ailes has publicly stated he's all about ratings . . . Beck's ratings are falling, he's lost advertisers, he's alienated Christians, Jews, retirees, disabled people, farmers, teachers . . . Fox depends on a lot of these people for their other entertainment programs later in the evening.

        Beck brought in viewers for a while, but they are leaving . . . his ridiculously outrageous and dishonest programing and his attacks on core Christian beliefs are taking a toll. I figure he's got another couple of months, tops, before he's no longer with Fox.

        Looks like you're one of the folks Beck calls idiots . . . those who believe his ridiculous schtick.
        Report Abuse
        • Author by grunt (April 28, 2010 9:57 am ET)
          1 13
          So, Ailes wouldn't take 2, 3, 4 million viewers over 5-7 hundred k? Are you being serious?

          He hasn't alienated Christians. Just because MMFA tells you that doesn't make it true. Believe it or not, not every Christians believes the government's role is to promote social justice. Actually, many Christians believe it is our role as a society to promote fairness, and it is the role of government to promote the rule of law. As in, with a blindfold on. He has not attacked core Christian beliefs. Please, tell me which ones he has attacked.

          -"Looks like you're one of the folks Beck calls idiots . . . those who believe his ridiculous schtick."

          Hmmm, so I make a pretty logical and legitimate argument about why Fox doesn't have a problem in Beck, and now I believe his schtick???? Look, when you learn to operate outside of purely fallacious arguments maybe you will make a dent in the point I was making.




          Report Abuse
          • Author by jediknight65 (April 28, 2010 10:06 am ET)
            13  
            you mean the social justice promoted under george w bush.......oh wait that was the rich man's justice.....sorry i get mixed up
            Report Abuse
            • Author by grunt (April 28, 2010 10:40 am ET)
              1 9
              Why is it either/or? Why can't George Bush and Obama both be wrong? Both support corporate cronyism. Look at the exceptions in the legislation that is passed. Both support corporate welfare. Both keep growing the Military Industrial Complex which is the biggest form of corporate welfare. My personal opinion is that social justice has a lot of intended and unintended consequences that a lot of people don't consider. Look at what social justice contributed to the housing collapse. It always sounds good, but it always has unintended consequences.
              Report Abuse
              • Author by jediknight65 (April 28, 2010 11:03 am ET)
                7  
                there is one problem in your argument. you are counting on people being willing to give to church charities and other religious organizations that promote your idea of social justice. people dont have to give to them. and if they choose not to. well then that kinda leaves everyone in the lurch doesn't.
                Report Abuse
                • Author by congero6189599 (April 28, 2010 11:20 am ET)
                  3  
                  Jedi that is not the point the article made nor the only thing Beck was saying:

                  "...maybe it was Beck's hateful and irresponsible attack on Christianity, and specifically Catholicism, in which he urged parishioners to leave their church -- during the Easter season -- if their church mentioned "social justice," which Beck announced was akin to communism and Nazism. Maybe that's what opened the Fox News floodgates, as offended viewers forced their way out."

                  The quote is from the article above.
                  Report Abuse
                • Author by grunt (April 28, 2010 11:30 am ET)
                    9
                  I don't understand the last line, but your point is a good one and very legitimate. However, Americans give to charity at a greater rate than any other nation (a higher percentage). When we see a group of people in need we give. Look at the Haiti response. Look at the Katrina response. I am not foolish enough to think that we can cut all social programs in one fail swoop. However, I think communal charity is far more effective and pointed than national spending programs.

                  Alas, the current progressive tax system is a hindrance to charity and community care. So, I guess my point is somewhate moot until we move to a more consumption based tax system.
                  Report Abuse
                  • Author by congero6189599 (April 28, 2010 11:47 am ET)
                    7  
                    However, I think communal charity is far more effective and pointed than national spending programs. --grunt

                    What major industrial nation in the 21 century relies on communal charity to take of it's citizens? What nation in modern times whose economy is not agrarian has ever based their programs on communal charity? even in Oliver Twist times which Charles Dickens so eloquently wrote about has that EVER been an effective way of dealing with poverty and eliminating it's root causes. What you propose is not new it's been tried and we have rightly moved away from solely that type of system. On the other hand we were discussing Glenn Beck telling his viewers that they should run away from.leave their churches that propose or practice social justice as a reason why he is loosing viewers.
                    Report Abuse
                    • Author by congero6189599 (April 28, 2010 11:50 am ET)
                      5  
                      should read : Even in Oliver Twist' times which Charles dickens so eloquently wrote and campaigned against it wasn't effective....
                      Report Abuse
                  • Author by open_mind (April 28, 2010 11:54 am ET)
                    5  
                    I disagree. I think the progressive tax system is an imperfect, but decent way to handle things. I have read about the supposed "Fair Tax" which is what I suppose you are talking about and do not think the book explains some basic questions adequately:

                    1. Who does worse under the proposed "Fair Tax" plan. Considering the plan is supposed to be revenue neutral, obviously not everybody can benefit from the proposal, but that is the way the authors present the argument. Alarm bells should go off in your head at that if you are as logical as you seem.

                    2. How is making the tax inclusive instead of the normal exclusive not an attempt to be deceptive? The only advantage seems to be the ability to publicize a much lower rate (the inclusive percentage) than the effective rate.

                    3. Considering taxes discourage behavior that is taxed in general, wouldn't taxing consumption be deadly to an economy like our own that is driven almost entirely by consumption? How can anybody argue that consumption would not go down if it was taxed? Do we really want to cool down our economic engine like that?

                    We need an honest and transparent debate about the "Fair Tax" and a close look at the potential and likely consequences.
                    Report Abuse
                  • Author by jediknight65 (April 28, 2010 12:52 pm ET)
                    5  
                    oh and another thing i forgot to mention..there is an incentive for people to give to charity because they get a tax write off. take that away and then see how charitble people are.

                    the examples you cited are natural disasters. if people gave the same amount all the time regardless of anything extraordinary happening then i would agree with you.
                    Report Abuse
              • Author by congero6189599 (April 28, 2010 11:15 am ET)
                4 1
                Oh another Fannie Freddie and the CRA caused the morgage meltdown con,libertarian,Bircher are whatever you call yourself. Leaving that BS meme aside Becks rant and the one you so conviently left out in your post was that maybe Christians were turned off by Beck telling them to leave THEIR CHURCHES if they found them practicing social justice a step further than the government I would think and one pointed out in the article you distorted. As far as your fannie and freddie distortion I'll leave for another time. On another note Beck supported the TARP and the bailouts before he was against them and I have yet to hear him rant against the military industrial complex.
                Report Abuse
                • Author by grunt (April 28, 2010 11:55 am ET)
                    8
                  -"Oh another Fannie Freddie and the CRA caused the morgage meltdown con,libertarian,Bircher are whatever you call yourself."

                  I consider myself a libertarian. I never said that the CRA "caused" the meltdown. I said it contributed. Are you denying this point? Are you saying that people getting houses they shouldn't wasn't a contributing factor, and that the CRA didn't contribute to those people getting those houses? I'm asking seriously not rhetorically.

                  -"...Beck telling them to leave THEIR CHURCHES if they found them practicing social justice a step further than the government I would think and one pointed out in the article you distorted"-

                  What did I distort? Beck never said you should leave your church if it "PRACTICES" social justice. That is a "distortion". His point was to churches getting in bed with government and politicians to promote social justice through legislation rather than social justice through community and private charity. You are blending 2 things that aren't the same thing. As someone who is trying to really find the truth no matter which side it comes from, I think we need to discern between the different sources of "social justice".

                  -"As far as your fannie and freddie distortion I'll leave for another time."

                  I will only say this. Fannie and Freddie contributed to the crisis. They bought and sold bad mortgages called "mortgage backed securities". They knew they were bad mortgages. They knew they were adjustable rate and other forms. They knew a time would come when the rates would move higher than was affordable for the lendee. They pushed these securities into the securities market, and bought many of the bad mortgages. Why? Because the more mortgages they held, the more their lenders and executives were paid. It was a shell game that they played along side other institutions. Do you debate that this went on and that it didn't contribute to the problem?

                  -"On another note Beck supported the TARP and the bailouts before he was against them"-

                  Correct. He has since said he was wrong. What more can he do? Why do you want to hang on this point? There were many Americans who supported the thought of the bailouts and TARP because of the fear mongering perpetrated by our government. Once they heard the details and looked at reality, they changed their minds.

                  -"I have yet to hear him rant against the military industrial complex."

                  Here you go. http://mediamatters.org/mmtv/201004150069

                  Here is a transcript. http://www.foxnews.com/story/0,2933,591157,00.html






                  Report Abuse
                  • Author by congero6189599 (April 28, 2010 12:16 pm ET)
                    6  
                    CRA and Fannie and Freddie had little to do with it so yes I'am denying your allegation and heres why.

                    "...They've specifically targeted the mortgage finance giants Fannie Mae and Freddie Mac, which the federal government seized on Sept. 6, contending that lending to poor and minority Americans caused Fannie's and Freddie's financial problems.

                    Federal housing data reveal that the charges aren't true, and that the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.

                    Subprime lending offered high-cost loans to the weakest borrowers during the housing boom that lasted from 2001 to 2007. Subprime lending was at its height from 2004 to 2006.

                    Federal Reserve Board data show that:

                    More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.


                    Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.


                    Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.

                    The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 andextending into 2007," the President's Working Group on Financial Markets reported Friday..."

                    Fannie, the Federal National Mortgage Association, and Freddie, the Federal Home Loan Mortgage Corp., don't lend money, to minorities or anyone else, however. They purchase loans from the private lenders who actually underwrite the loans.

                    It's a process called securitization, and by passing on the loans, banks have more capital on hand so they can lend even more.

                    This much is true. In an effort to promote affordable home ownership for minorities and rural whites, the Department of Housing and Urban Development set targets for Fannie and Freddie in 1992 to purchase low-income loans for sale into the secondary market that eventually reached this number: 52 percent of loans given to low-to moderate-income families.

                    To be sure, encouraging lower-income Americans to become homeowners gave unsophisticated borrowers and unscrupulous lenders and mortgage brokers more chances to turn dreams of homeownership in nightmares.

                    But these loans, and those to low- and moderate-income families represent a small portion of overall lending. And at the height of the housing boom in 2005 and 2006, Republicans and their party's standard bearer, President Bush, didn't criticize any sort of lending, frequently boasting that they were presiding over the highest-ever rates of U.S. homeownership.

                    Between 2004 and 2006, when subprime lending was exploding, Fannie and Freddie went from holding a high of 48 percent of the subprime loans that were sold into the secondary market to holding about 24 percent, according to data from Inside Mortgage Finance, a specialty publication. One reason is that Fannie and Freddie were subject to tougher standards than many of the unregulated players in the private sector who weakened lending standards, most of whom have gone bankrupt or are now in deep trouble.

                    During those same explosive three years, private investment banks — not Fannie and Freddie — dominated the mortgage loans that were packaged and sold into the secondary mortgage market. In 2005 and 2006, the private sector securitized almost two thirds of all U.S. mortgages, supplanting Fannie and Freddie, according to a number of specialty publications that track this data..."

                    "...Fannie and Freddie, however, didn't pressure lenders to sell them more loans; they struggled to keep pace with their private sector competitors. In fact, their regulator, the Office of Federal Housing Enterprise Oversight, imposed new restrictions in 2006 that led to Fannie and Freddie losing even more market share in the booming subprime market.

                    What's more, only commercial banks and thrifts must follow CRA rules. The investment banks don't, nor did the now-bankrupt non-bank lenders such as New Century Financial Corp. and Ameriquest that underwrote most of the subprime loans.

                    These private non-bank lenders enjoyed a regulatory gap, allowing them to be regulated by 50 different state banking supervisors instead of the federal government. And mortgage brokers, who also weren't subject to federal regulation or the CRA, originated most of the subprime loans.

                    In a speech last March, Janet Yellen, the president of the Federal Reserve Bank of San Francisco, debunked the notion that the push for affordable housing created today's problems.

                    "Most of the loans made by depository institutions examined under the CRA have not been higher-priced loans," she said. "The CRA has increased the volume of responsible lending to low- and moderate-income households."

                    In a book on the sub-prime lending collapse published in June 2007, the late Federal Reserve Governor Ed Gramlich wrote that only one-third of all CRA loans had interest rates high enough to be considered sub-prime and that to the pleasant surprise of commercial banks there were low default rates. Banks that participated in CRA lending had found, he wrote, "that this new lending is good business."



                    Read more: http://www.mcclatchydc.com/2008/10/12/53802/private-sector-loans-not-fannie.html#ixzz0mPcMzjkt




                    Read more: http://www.mcclatchydc.com/2008/10/12/53802/private-sector-loans-not-fannie.html#ixzz0mPZnaA3V







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                  • Author by congero6189599 (April 28, 2010 12:44 pm ET)
                    4  
                    As far as your social justice point Glenn most certainly did attack churches for it although asfter taking criticism for his views he amended it to be more platable but the fact is social justice is a major tenet of Christianity.
                    http://mediamatters.org/research/201003120055

                    Report Abuse
              • Author by m_eh (April 28, 2010 1:30 pm ET)
                   
                As concerned to the ratings, I think you have a point Grunt. Any replacement would likely have lower ratings than Beck, at least near term. But the fact remains that the ratings trend so far is down over the last few months, and that can't continue, especially with the way sponsors have been pulling out.
                Report Abuse
          • Author by open_mind (April 28, 2010 11:36 am ET)
            8  
            [Beck} has not attacked core Christian beliefs. Please, tell me which ones he has attacked.
            Yes. Beck has attacked core Christian beliefs.
            “I beg you, look for the words ’social justice’ or ‘economic justice’ on your church web site,” Beck urged his audience. “If you find it, run as fast as you can. Social justice and economic justice, they are code words. Now, am I advising people to leave their church? Yes!”--Glenn Beck
            Social Justice is a core belief among many Christian groups. According to Wikipedia, social justice is at the core of Methodist and Catholic teachings. Lutherans, Episcopalians, Quakers, Presbyterians and even Baptists hold social justice as a core belief/ministry and have also had long histories of involvement with social justice (or social righteousness as it is sometimes called).
            Report Abuse
            • Author by congero6189599 (April 28, 2010 11:55 am ET)
              5  
              It also places him at odds with the Mormom church
              Report Abuse
              • Author by open_mind (April 28, 2010 12:13 pm ET)
                5  
                True, but the argument I was replying to was about "Christian core" beliefs. From what I have read, the Mormons do not hold it as a "core belief", but it is a teaching of the Mormons. (It is also somewhat controversial as to whether Mormons are indeed "Christians".) Judaism also holds "social justice" as a core belief, but was excluded above due to the restriction to Christians.
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      • Author by jediknight65 (April 28, 2010 9:49 am ET)
        8  
        forgetting of course that beck is a pathological liar as are all of fixed news. but as it was said by st roger of ailes....its all about ratings. damn the truth right.

        pot meet kettle
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      • Author by cst (April 28, 2010 9:58 am ET)
        4  
        You may have a point about Beck helping to create a success for Fox at 5:00... but take another look at those figures. The ratings are showing that Beck's fill-ins are now getting the same ratings he does.If Fox can fill Beck's slot with someone who draws the same numbers and DOESN'T have a problem drawing top ads, they'd be fools NOT to replace him.
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        • Author by jediknight65 (April 28, 2010 10:27 am ET)
          3  
          yeah but rememeber that one fill in who went ever crazier than beck has ever gone? man if he were on every day.....oh boy
          Report Abuse
          • Author by cst (April 28, 2010 10:38 am ET)
            3  
            What kind of ratings did he get? Because I can TOTALLY see Fox deciding to run one crazy guy after another in that slot.Whenever one starts to slip in the numbers, bring on a fresh guy with fresh rants....
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        • Author by grunt (April 28, 2010 10:44 am ET)
            6
          I understand your point, but I think it is probably an anomaly. Do you believe those lesser known hosts could continually draw the same numbers of viewers? I don't. I think fill-ins probably do well in the O'Reilly slot too, but if it was their show, it wouldn't be the same ratings that the name and reputation O'Reilly has in political cable news brings.
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          • Author by cst (April 28, 2010 11:48 am ET)
            3  
            If one of those guest hosts showed "legs", Fox would grab them for their own show anyway- and if Beck was looking shaky, it would be an easy switch.(Although I think Fox would start by switching Beck to another timeslot to see if his fanbase is loyal enough to follow him.A suprising amount of tv viewing is a matter of passive "habit" rather than active "interest"- hence the practice of sticking an untested show BETWEEN two established ones.)
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      • Author by thunderhawk (April 28, 2010 9:46 pm ET)
        2  
        "In many circles" = wingnut cult club.
        Report Abuse
      • Author by kyle b.c. (April 29, 2010 1:23 am ET)
           
        yeah, but give it six months. give it a year. if the ratings continue their decline, he may well be back down to the 500,000 to 700,000 mark. he really has lost a large chunk of viewers in only five weeks.
        Report Abuse
    • Author by cst (April 28, 2010 9:50 am ET)
      5  
      This isn't uncommon in show business; the public finds a ashow entertaining for a while, and then gets bored with it.
      Of course, it's not supposed to work that way in the NEWS business, but that's got nothing to do with Beck.
      Report Abuse
    • Author by oberon2769 (April 28, 2010 10:08 am ET)
      8  
      This is why media matters needs to work harder at letting people know who is advertising with shows. If people start boycotting the products sold during Rush or "Fox & Friends" the advertisers will bolt. I think at the end of the blog posts, there should be a list of some of the commercials which aired during the segment or show in question. Then get people to take an active role in contacting the advertisers. Money rules the broadcast industry. Once you hit them in the pocketbook, they will be forced to change.
      Report Abuse
      • Author by Jeremy Danials (April 28, 2010 11:38 am ET)
        5  
        We need ColorofChange.org to call for a boycott of El Fatboy.
        Report Abuse
    • Author by TruthandConsequences (April 28, 2010 11:10 am ET)
      8  
      "1.82 million viewers"

      In a country of 300 million-plus, that says all you need to know about whether the attention paid to Beck -- and by extension his influence -- is waaaaaay beyond his actual reach.

      Like a brat craving attention, Beck should be ignored ... if so eventually he will go away.
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      • Author by iNova (April 28, 2010 12:42 pm ET)
           
        he is like cancer. he will never go away. All he has to do is keep pushing the envelope with his crazy ranting and someone will pikc up on it again..
        Report Abuse
    • Author by wookie294 (April 28, 2010 11:58 am ET)
      4  
      I tried posting this story at Fox Nation and it was deleted three times!
      Report Abuse
      • Author by congero6189599 (April 28, 2010 12:48 pm ET)
        5  
        I tried posting on Faux and they wouldn't allow me. I was blacklisted and all I did was e-mail corrections to their news stories and asked questions very courteously and politely...No really very politely. I went to Faux Nation and the same thing happened to me.
        Report Abuse
    • Author by iNova (April 28, 2010 12:28 pm ET)
         
      "Capping a week in which he attempted to explain the "plan" he "think[s]" God wants him to "articulate," Glenn Beck informed listeners of his radio show today that "an individual" at the Vatican purportedly told him that we are entering a "period of great darkness" and that Beck himself was "wildly important" to the upcoming struggle. "

      -Pure moronic Gold. Ty Glenn. You just made my day
      Report Abuse
    • Author by grmce (April 28, 2010 1:17 pm ET)
      4  
      Glenn Beck has lost 1/3 of its TV audience since January
      Smacks of downright carelessness.
      Report Abuse
    • Author by jpeagle21 (April 28, 2010 1:47 pm ET)
        7
      Come on people.......are you serious? You Beck haters should just be happy that Fox hasn't given Glenn a raise. Here are the viewers for his slot for April 26th:

      5PM – P2+ (25-54) (35-64)
      Glenn Beck – 2,456,000 viewers (745,000) (1,223,000)
      Situation Room—617,000 viewers (155,000) (235,000)
      Hardball w/ C. Matthews – 546,000 viewers (150,000) (238,000)
      Fast Money – 208,000 viewers (a scratch w/50,000) (75,000)
      Showbiz Tonight —220,000 viewers (64,000) (86,000)

      Face it, you're "cause" of trying to take down Beck isn't working. Neither will the one your working on with Hannity.

      9 PM – P2+ (25-54) (35-64)
      Hannity – 1,899,000 viewers (526,000) (912,000)
      Larry King Live —704,000 viewers (235,000) (346,000)
      Rachel Maddow Show —1,076,000 viewers (295,000) (514,000)
      The Apprentice — 207,000 viewers (112,000) (106,000)
      Joy Behar – 717,000 viewers (249,000) (332,000)

      Just so I won't make you sick, I won't even post O'Reilly's numbers. Wait, yes I will.

      8PM – P2+ (25-54) (35-64)
      The O’Reilly Factor – 2,978,000 viewers (731,000) (1,345,000)
      Campbell Brown – 452,000 viewers (150,000) (210,000)
      Countdown w/ K. Olbermann – 1,085,000 viewers (296,000) (575,000)
      The Apprentice- 181,000 viewers (99,000) (96,000)
      Nancy Grace – 713,000 viewers (279,000) (362,000)






      Report Abuse
      • Author by cugagcmu805031 (April 28, 2010 5:08 pm ET)
        6  
        My opposition to Fuchs Noose is based on only one thing: the failure of the network to tell its' viewers the truth about government policies. They need to stop their practice of using censorship and propaganda. I could care less about ratings or salaries since they've never been things I took issue with.
        Report Abuse
      • Author by grunt (April 30, 2010 9:31 am ET)
          1
        Wow! I didn't know that Olbermann and Maddow had even hit 1 million viewers yet...
        Report Abuse
    • Author by proudconservative (April 28, 2010 4:01 pm ET)
        5
      Compare:

      Madow and Shultz lose 1/3 of their audience..........120 to now 80 listeners

      Beck loses 1/3 of his audience......... 3.6 million to 2.7 listeners

      Guess the leftys no longer need get their shorts in knot about November!
      Report Abuse
      • Author by congero6189599 (April 28, 2010 4:20 pm ET)
        4  
        300 million people in US and you 2 are bragging that Beck gets less viewers than watch square pants Bob. Not to say those who watch Faux and Beck are the least informed of the whole viewing public. Whoopie!
        Report Abuse
        • Author by proudconservative (April 28, 2010 4:55 pm ET)
          1 5
          kangaroo,

          Why then are you and boehlert getting your shorts all knotted up? If less are viewing or care then the leftys should be excited about November 2010! Right?!? :>
          Report Abuse
          • Author by congero6189599 (April 28, 2010 6:12 pm ET)
            4  
            Hey ploudconservative you are mistaking reporting for fear. I could give a hoot about Beck or Faux. I think it silly that someone would viewership as a sign of truth,or for that matter would take as gospel anything they hear on TV. I slect my news and information sources from many areas and probably not many of them that are popular but the provide me with verifiable information and different ways of looking at things...oh and I also read alot of non-fiction and history. So you go ahead and plop down infront of Beck,Hannity or whomever you like on Faux and be mislead and lied too. I'll stick to thinking for myself, and as far as Nov. don't count your chickens yet.
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      • Author by thunderhawk (April 28, 2010 9:57 pm ET)
        1  
        what exactly are you losers proud of?

        Ruining the economy?

        Sucking at war?

        Pathological lying?

        Report Abuse
        • Author by swmayhew (April 29, 2010 7:17 pm ET)
          1  
          What are YOU proud of?

          Ruining the economy? - moron - the crash started in 2007 -
          Sucking at war? - the unfunded war that Bush started by lying to the world?
          Pathological lying? - Weapons of Mass Deception? or no, Destruction

          Were you unconscious from 2001 - 2008? Bush destroyed the country - 911, Katrina, water boarding, war criminal status in the world, the crash of 2007, undermining the housing market, exporting jobs, no follow through on immigration reform..

          Better yet - Name DETAILS of ANY accomplishments of the drunk/coke-head you adore.
          Report Abuse
      • Author by Jeremy Danials (April 28, 2010 10:31 pm ET)
        2 1
        [http://i31.photobucket.com/albums/c358/Byt3Man/WTFs/Udi-Go-blank-Yourself.png]
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    • Author by kyle b.c. (April 29, 2010 1:28 am ET)
         
      it's no wonder Beck's numbers are down. have you watched his show lately? it's all non-stop blathering about the Founding Fathers or another Beck-produced "documentary" about the Nazis and whatnot. people tune in to hear him talk smack about the the Obama administration, not for so-called history lessons.
      Report Abuse
    • Author by ProgLib (April 29, 2010 7:18 am ET)
      2  
      As Steve Doofy would say: "THIS IS HUUUGE!"
      Report Abuse
    • Author by FNC Liberal (April 29, 2010 6:07 pm ET)
      2  
      If Beck's rating decline continues, he may not have a home with Fox News.

      It will be very difficult for him to demand more money when his contract is up. Bossman Rupert will not pay Beck a large sum of money with low ratings. It's not going to happen and Beck knows it.

      If Beck was smart, he would move on.

      Report Abuse
    • Author by grunt (April 30, 2010 9:30 am ET)
        1
      Just an update for MMFA.

      "Relatively speaking, Beck still has the kind of ratings that would turn just about everyone on cable TV green with envy. And just to put his numbers in fair context, year over year, everyone in cable is currently down. Some quite a lot. Just to give you a sense. Beck is down 4% from last April, Bill O’Reilly is down 3%, Keith Olbermann is down 28%, Campbell Brown is down 39%, Sean Hannity is down 17%, Rachel Maddow is down 8%. Also, it’s probably worth noting that viewer numbers traditionally drop in April. So there’s that."

      http://www.mediaite.com/tv/is-glenn-beck-losing-his-audience-or-merely-his-mojo/
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