Absent liberal balance, CNBC's Kudlow and Francis attempt to present liberal arugments "even though you could probably tell our heart wasn't in it"
April 20, 2009 1:37 pm ET
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The other right-wing media mogul you should worry about
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If you took the time to listen to the above video clip, then take the couple of minutes to read this (and I usually don't like these cut and paste educational comments, but this one really fits just right in this instance)...
From Reuters company profile of General Electric [abridged by me, including ALL CAPS], and of course you know GE owns and employs the people in the above video clip, by way of owning CNBC:
"General Electric Company (GE) is a diversified technology, MEDIA, and FINANCIAL SERVICES COMPANY.
The Company’s products and services include CONSUMER FINANCING and MEDIA CONTENT.
As of December 31, 2008, GE operated in five segments: Energy Infrastructure, Technology Infrastructure, NBC Universal, Capital Finance, and Consumer & Industrial.
During the year ended December 31, 2008, the Company acquired Merrill Lynch Capital and CitiCapital.
NBC Universal: NBC Universal is a diversified media and entertainment company focused on the development, production and marketing of entertainment, news and information. NBC Universal, which is 80% owned by General Electric and is engaged in the operation of cable/satellite television networks; the broadcast of network television through owned and affiliated television stations within the United States, and investment and programming activities in digital media and the Internet.
GE’s cable/satellite television networks provide produced and acquired entertainment, news and information programming to households worldwide.
Its cable/satellite television networks include the USA Network, Bravo, CNBC, the SciFi Channel, MSNBC, Oxygen, [etc.]
As of December 31, 2008, it owned and operated 26 television stations.
Capital Finance: GE’s Capital Finance offers a range of financial products and services worldwide.
Services include commercial loans, financial programs, home loans, CREDIT CARDS, personal loans and other financial services.
The Company’s range of financial products include PRIVATE-LABEL CREDIT CARDS, personal loans, BANK CARDS, auto loans and leases, mortgages, debt consolidation, home equity loans, deposit and other savings products, and small and medium enterprise lending."
http://www.reuters.com/finance/stocks/companyProfile?symbol=GE.N&rpc=66
The Internet Wire: it brings good things to light.
...and as of this exact moment, GE's stock price is off by about 8% just on this day's trading alone: that represents a paper loss in excess of ten billion dollars.
The GE hacks in the video clip above, they have some selling to do, and a lot of it... GE doesn't pay them just to hear their pleasant voices on CNBC.