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Distrust In US Media Hits Record High, As CNBC (And Especially Mad Money) Viewership Drops To Multi-Year Low

Tyler Durden's picture


In today's "less than surprising data point" category, the clear winner is Gallup's analysis of people's ever increasing distrust in the mass media. From 46% in 1998, the percentage of people who indicate they have "not very much/none at all" trust in mass media has grown to a stunning 57% currently. This is an all time record, as the general public perception toward the MSM has flipped over the past decade. Is it becoming increasingly more difficult to lie to the average American? In this time of unprecedented economic upheaval, where the political regime depends on just how far any given administration's lies can penetrate amongst the broader population, this may well become the most critical factor in determining policy for the future. And with ever increasing alternatives of non-traditional media, could the legacy ad-supported media model, which by definition is one which espouses the status quo, be doomed precisely by the slow but steady education of the average American, who intuitively realizes that nearly every "fact" appearing in the media, especially that supported by any given political party, is a lie?

From Gallup's study on media distrust:

For the fourth straight year, the majority of Americans say they have
little or no trust in the mass media to report the news fully,
accurately, and fairly. The 57% who now say this is a record high by one
percentage point.

The 43% of Americans who, in Gallup's annual Governance poll,
conducted Sept. 13-16, 2010, express a great deal or fair amount of
trust ties the record low, and is far worse than three prior Gallup readings on this measure from the 1970s.

Trust in the media is now slightly higher than the record-low trust in the legislative branch
but lower than trust in the executive and judicial branches of
government, even though trust in all three branches is down sharply this
year. These findings also further confirm a separate Gallup poll that
found little confidence in newspapers and television specifically.

Bottom Line

Gallup's annual update on trust in the mass media finds Americans'
views entrenched -- with a record-high 57% expressing little to no trust
in the media to report the news fully, accurately, and fairly, and 63%
perceiving bias in one direction or the other. At the same time, the
steady nature of these views stands in contrast to Americans' views of the three branches of government, which are all down sharply this year. Thus, in an environment in which few institutions elicit high levels of trust, it appears the media are neither gaining nor losing significant ground -- but are just managing to hold steady.

Which brings us to CNBC. If the above study is indeed correct, one would correctly guess that the viewership of the station once known for fair and objective analysis and breaking news reporting, and has now devolved to nothing more than the butt of jokes on financial media propaganda, should have plunged, even as the market remains as volatile as ever, with the VIX currently trading at levels not seen since the March highs. As the chart below shows, using data compiled from Nielsen, focusing on the ad revenue-critical target demo, this is in fact the case.

For sampling purposes we have picked three key segments: the Business Day section, Closing Bell, and, of course, Mad Money. As is self-evident, since the market crash, broad CNBC viewership has plunged by more than half, while shows like that anchored by Jim Cramer, whose only purpose is to get as many naive, "dumb money" viewers invested in the market at any given moment to facilitate the offloading of stock by hedge funds and other asset managers, have lost over two thirds of their historical viewership. Of course another explanation is that with the ever declining interest in the broader public in all matters financial, CNBC is meterly a byproduct of an audience that is increasingly aware it is being taken for the proverbial ride, and just refuses to "tune in." And since it is now CNBC's sworn role to protect the status quo and to lie daily that none of the all too obviously horrendous things in the economy are taking place, the cable station's very survival is now in question. It appears the only hope the administration, and its propaganda tentacles such as NBC Universal/CNBC have of regaining viewership, is the ceaseless dumbing down of America, or the return of credibility of the Mainstream Media itself. Alas, as the Gallup data has demonstrated, this is not only happening, but precisely the inverse is transpiring.

Which brings us to a third point: the alterantive media world, which includes blogs, has never had such a unique opportunity to strike out at the legacy regime. Yet unfortunately, being populated by egos larger than life, who would rather engage in pissing contests among each other than focusing on the one true enemy, and lauding fair market capitalism everywhere, except when it affects their own business model, the blogosphere has demonstrated a level of amateur naivete which will forever prevent its ascent over legacy media forms.

Which is truly unfortunate, because it is only a matter of time before the virus of awareness, that will soon wipe out such propaganda anachronisms as CNBC, goes airborne and eliminates even the non-traditional media outlets. And instead of responding with the required cohesion at this most critical time, various alternative media will instead revel in their own pompous insecurity and stand on the sidelines as this once in a lifetime historic opportunity passes them by, and one by one (at least the worthy ones) are subsumed by precisely the very same old model that they pretend to rebel against, the recent acquisition of TechCrunch by AOL being just the first of many examples.


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Wed, 09/29/2010 - 22:45 | 614417 Johnny Yuma
Johnny Yuma's picture

This is great news! Hopefully the GE propaganda network that is CNBS will soon be discontinued... 

Wed, 09/29/2010 - 22:56 | 614444 Howard_Beale
Howard_Beale's picture


Wed, 09/29/2010 - 23:10 | 614469 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Imagine....some say I am such!

Thu, 09/30/2010 - 00:04 | 614580 Fish Gone Bad
Fish Gone Bad's picture

From Marina and the Diamonds:

Girls, oh girls, wag your tails to the beat Of Girls Aloud, all the journos on heat Write such good stories Oh their mothers must be proud Making money off our insecurity and doubt
Thu, 09/30/2010 - 00:24 | 614619 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

MSM sure do spin some tall tales.  But I hope there are no proud mothers. 

Thu, 09/30/2010 - 02:44 | 614796 Bananamerican
Bananamerican's picture

"Distrust In US Media Hits Record High"

shit Tyler.....that's YOU.

The "underground's" King of Hyperbole

Wed, 09/29/2010 - 23:09 | 614454 THE 4th Quadrant
THE 4th Quadrant's picture

Fast Money, kids...

Wed, 09/29/2010 - 23:41 | 614529 Cistercian
Cistercian's picture

 I pray for MSM implosion everyday.The Fail that is the 4th estate in America is an Epic one.

  Step one: turn off your TV.Forever.

 Step two:look around, talk to people....things are looking grim indeed!

 Step three:Revolution.

 Or to put it another way, I will watch TV when they broadcast the life incarceration or execution of Geithner, Bernake, Summers, Lord Bankfiend etc.

 Not before.

 No way.

Wed, 09/29/2010 - 23:43 | 614534 Everyman
Everyman's picture

Agreed.  How did the media just go along with all the BS and not ask a single investigative reporting question.  NO probing question, no digging, just accept the story and do spin assist.



Wed, 09/29/2010 - 23:57 | 614564 Cistercian
Cistercian's picture

 It is sad.

 It is because they are owned and operated by the enemy.

  By all rights, nearly every broadcast station in the US should lose it's license...because they fail to fulfill their mandate of public service, especially in the sense as a foil to the government/special interests.

 They serve only their masters...the complicit scum that they are.

Thu, 09/30/2010 - 01:29 | 614710 SoCalBusted
SoCalBusted's picture

I would never turn off the television.  I use it as a way to teach my kids how to develop critical thinking skills and challenge what is routinely put in front of them every day.  They are now understanding how the mass media distorts reality.  Plus, for me, I like to hear what the enemy is saying.

Thu, 09/30/2010 - 07:55 | 615059 Xedus129
Xedus129's picture

keep your friends close, and your enemies closer!

Thu, 09/30/2010 - 08:46 | 615159 Bringin It
Bringin It's picture

You and yours will be effected in a negative way.  Too much money, too much time has been put into how to warp your mind using the box for you to remain immune.

Do yourself and your family a favor.  Just turn it off.

I mean if you had a leaky sewer pipe dumping effluent into your family's living room, would you all just continue to queue up on the couch as usual?  I'm afraid that for too too many fellow Americans, the sad answer is a resounding "Yes".

FYI, I used to do tech work for media research entities.  Suvey focus group.  Blast focus group with effects.  Survey focus group.  Crunch stats.  Tweak content of blast.  Wash, rinse, repeat.

Thu, 09/30/2010 - 05:04 | 614938 StychoKiller
StychoKiller's picture

Laziness knows no bounds, neither does stupidity!

Thu, 09/30/2010 - 00:40 | 614632's picture

Step one: turn off your TV.Forever.

 Step two:look around, talk to people....things are looking grim indeed!

 Step three:Revolution.

But I was hoping that the revolution would be televised. I want to wave to my Mom.

Thu, 09/30/2010 - 01:43 | 614732 Hedge Jobs
Hedge Jobs's picture

stage one: the people are awakening

stage two: the people get angry

stage three: the people get their guilotines out.

stage one is almost complete

Thu, 09/30/2010 - 01:52 | 614740 Problem Is
Problem Is's picture

Step 2:    READ

Thu, 09/30/2010 - 03:49 | 614896 Voluntary Exchange
Voluntary Exchange's picture

Step 3: Understand


Step 4: Synthesize a new better reality

Wed, 09/29/2010 - 22:50 | 614432 Mitchman
Mitchman's picture

Excellent post.  The MSM has had it and they did themselves in.

Wed, 09/29/2010 - 23:42 | 614532 KevinB
KevinB's picture

I agree that CNBC is less interesting every day; I put it on with the sound off so I can watch the ticker.

But really - the Gallup poll? Those things generally have a margin of error of 2-3%, depending on how many people are sampled. This poll looks like noise about an average. The true trend may only be up 1-2%, which given all the scandals and failures is highly possible.

Thu, 09/30/2010 - 00:33 | 614627 Glass Steagall
Glass Steagall's picture

Yep, put it on with the sound down for an occasional glance at Maria's tits or rub-out a Becky fantasy. Pretty sad when that's all they have to offer.

Thu, 09/30/2010 - 07:30 | 615038 11b40
11b40's picture


The boobs & the legs are better on FOX & there is even less temptation to turn the volume back on.

Thu, 09/30/2010 - 11:44 | 615587 homersimpson
homersimpson's picture

" less temptation to turn the volume back on." You must be talking about CNN or MSNBC.. esp. when the volume and brightness should both be dimmed forever..

Sat, 10/09/2010 - 12:03 | 637849 11b40
11b40's picture

Wow.  You really must be Homer Simpson.

Thu, 09/30/2010 - 00:41 | 614634 dehdhed
dehdhed's picture

the cnbc graph in the article starts in the year with the all-time highest ratings in order to prove their point.

the 3 years 2008, 2009, 2010 in the gallup poll, the levels of distrust/trust are virtually unchanged

it could be possible that viewership of everything is down as people cancel their cable, text more, go online .. or just go outside and breath the air

i keep reading slanted articles about how slanted the slanters we all are

as jerry garcia once sung, 'can't talk to you without talking to me, we're guilty of the same old thing'

everybody has an agenda .. everybody

Thu, 09/30/2010 - 00:55 | 614635 Red Neck Repugnicant
Red Neck Repugnicant's picture


How can you claim that CNBC is less interesting everyday if you have the sound off?

Have you ever stood in line at a Glenn Beck book signing?

Beck/Palin/Bilateral Cingulotomy 2012

Thu, 09/30/2010 - 11:45 | 615593 homersimpson
homersimpson's picture

Red Neck + Obamao 2012

Thu, 09/30/2010 - 12:04 | 615654 KevinB
KevinB's picture

I guess rednecks haven't heard of closed captioning. I keep it on all the time, so I can follow what's going on during phone calls. I flick back to CNBC during commercials.

Yesterday, Beaker Neale was going on about how texting while driving is safe, using statistics in a way that would make a freshman blush, such as quoting the drop in deaths per mile driven in the US from 1950 to 2005, ignoring that during that time, the interstates were introduced, disc brakes and radial tires became common, seatbelt use became mandatory, airbags were installed, crumple zones were introduced, antilock braking systems were invented, and, oh yes, drunk driving was reduced significantly. If that's the quality of analysis on CNBC, I'll leave the sound off.

Thu, 09/30/2010 - 03:13 | 614858 midtowng
midtowng's picture

And yet the poll basically says that everyone believes that Fox News is the most accurate source of news.

People aren't smartening up. They are getting dumber.

Thu, 09/30/2010 - 05:32 | 614954 A Man without Q...
A Man without Qualities's picture

The MSM in America does not report news, but rather it creates a narrative that fits in with the concept of the "American way of life", which is based upon the illusion of freedom, the joys of consumerism and the idea that this way of existing is superior to any other in history.  

The crisis for MSM is they have promoted a line which has increasingly diverged from the reality on the ground, and into this gap has come the wonders of the internet.  Without the alternative media, more people would just buy the official story and assume their lives were just different to "the norm", but with it, more people are prepared to call bullshit.

It is publicly available knowledge that the government can require the MSM to report certain stories (whether true or not) and bury others.  This does serve a purpose, in extremis, but it is my opinion that the Bush II cabal abused this during the Iraq invasion to such a degree that they killed it.  Maybe in comparison to the lies told during Vietnam for example, there was nothing exceptional in what they did, but there was no internet during the Vietnam war and therefore it was far easier to control the narrative.

Personally, I see the loss of trust as a great sign.  It is a sign America is growing up and America must have a more honest media in order to have a healthy democracy.

Thu, 09/30/2010 - 13:48 | 615971 Cathartes Aura
Cathartes Aura's picture

'fraid I have to wave away this anonymous junk - yours is a thought-full post Man, and demonstrates independent thought. . .

that "narrative" you write of is so pervasive that most people believe it to be the only "reality" out there. . . it's what keeps the TV on in the background, or on with sound turned down, it's what keeps some looking at the screens while "rubbing one out," it's company when people are alone, and distracting when with others. .

it's why even when using the much lauded internet, which has almost endless points-of-view, people still hit the same sources of "news" & body stimulates, because that is their limited reality, and anything outside of those narrow-fed definitions must be "conspiracy theory" or red team/blue team flag waving or not "fill in the blank" enough to pay attention to. . .

if your mind is trained to see a single "reality" as the only one out there, you are ripe for the dissonance of a false flag, a mind trauma is always waiting in the wings to shock 'n' awe you out of stupor, and narrow-minded thinking. . .

I too see the loss of trust as essential, as a step closer to maturity. . . parents lie about santa claus/tooth fairy/storks, et al - it's acceptable to keep immaturity from the truths until appropriate. . . at some point one needs to wake up to how things are, to know you are responsible for your own reality, not the gov't or any of its allies. . .

Wed, 09/29/2010 - 22:51 | 614433 Id fight Gandhi
Id fight Gandhi's picture

I'm still amazed at the call screeners on mad money. They must be the best money can buy. Never does a mad caller get on and bitch him out when they lose money from his advice.

Wed, 09/29/2010 - 22:55 | 614436 Votewithabullet
Votewithabullet's picture

Walter Cronkite or Katie Couric or the guy on Fox @ 8:00 sayin it dont make it so. Mad money doesnt have call screeners, you must call in and they will call back the ones they choose.

Wed, 09/29/2010 - 22:57 | 614445 Id fight Gandhi
Id fight Gandhi's picture

How do they cover up anyone from losing it on him? His shitty advice is roping in e public retail investors who get a little nutty.

Wed, 09/29/2010 - 23:48 | 614545 nonclaim
nonclaim's picture

They have your phone number (address)... so, be nice!

Wed, 09/29/2010 - 22:53 | 614437 Id fight Gandhi
Id fight Gandhi's picture

Its nice to have a financial channel announce key reports on time, but painful to listen to these ass clowns spit out the same bullshit buy and hold. Stocks are great blah blah.

I do admit to watching on down days, like the flash crash. Watch them squirm.

Wed, 09/29/2010 - 23:12 | 614475 RockyRacoon
RockyRacoon's picture

When we have another financial meltdown the viewership of CNBC will rocket.  That's just the way it works.  It's not interesting until something hits the fan.  Doesn't any viewer graphing show that?  Nothing happens to change things until there is no other way out but change.

Thu, 09/30/2010 - 02:39 | 614784 cossack55
cossack55's picture

I'm waiting for the crash day when I tune in and all I will see are the nitwits on quackbox shoes dangling above the desk as they swing lifeless from the light supports.   

Wed, 09/29/2010 - 22:58 | 614438 Spalding_Smailes
Spalding_Smailes's picture

Ahhh the media. What a trip. Canary in the coal mine, book it. Tyler said as much before ...

The Treasury Department, which became the majority owner of GMAC after providing $17 billion in bailout money, has directed the lender to correct its procedures.


“The GMAC announcement was the mushroom cloud,” said one Florida defense lawyer, Matthew Weidner. “The fallout will burn through the entire mortgage servicing industry.”

Wed, 09/29/2010 - 22:55 | 614439 sumo
sumo's picture

Easy fix, a la Berlusconi: cleavage, nipples, and iCrap give-aways. The sheep will come flocking back.


Wed, 09/29/2010 - 22:55 | 614440 Id fight Gandhi
Id fight Gandhi's picture

Why can't zero hedge do a live web radio cast all day long? Can't cost too much just need a small crew to push your announcements.

Wed, 09/29/2010 - 22:58 | 614446 Howard_Beale
Howard_Beale's picture

They don't have the resources. It's quite simple. If they did, they would.

Wed, 09/29/2010 - 23:10 | 614460 Spalding_Smailes
Spalding_Smailes's picture

What Tyler should do is host a 4 person open forum on saturdays for 1 hour. Everyone gets to debate, Tyler and 2 or 3 guest. Draw talent from around the web. We are all included.

1 week have 3 gold bugs, next week have 3 mortgage experts, geo politics another, would be cool.


Wed, 09/29/2010 - 23:15 | 614482 Everyman
Everyman's picture

We would have to put Tyler in a mask and have his voice decoded al la Stephen Hawking so they will not find out his true identity.

Black Helicopters and all, You  know.

Thu, 09/30/2010 - 00:38 | 614630 SilverIsKing
SilverIsKing's picture

It's pretty obvious who Tyler is.  I thought everyone knew.

Wed, 09/29/2010 - 23:00 | 614450 rapacious rachel wants to know (not verified)
rapacious rachel wants to know's picture

I'd be willing to support this.

Wed, 09/29/2010 - 23:04 | 614456 Id fight Gandhi
Id fight Gandhi's picture

Yes me too. What's all needed?

Wed, 09/29/2010 - 22:59 | 614448 rapacious rachel wants to know (not verified)
rapacious rachel wants to know's picture

I still crave the lumpy sweaters and cleavage aspect of CNBC, but the Cramiacs have no redeeming qualities.

Having said that, I think Trish Regan is HOT! and Sue Herrera is a total babe I'd love to have dinner with, even if she took a cab back to her place.

Wed, 09/29/2010 - 22:59 | 614449 Catullus
Catullus's picture

You dickweeds have come a long way.

Wed, 09/29/2010 - 23:19 | 614488 RockyRacoon
RockyRacoon's picture

Why, thank you Dennis!  That means a lot coming from you.

Thu, 09/30/2010 - 07:55 | 615058 Catullus
Catullus's picture

I miss the beaker jokes. I'd much prefer the meep meep to "bitchez" thing. The bitchez thing was funny when chumba would say it and then rip someone a new one for doubting gold in anyway elsewhere on the same post. It was magical.

Wed, 09/29/2010 - 23:02 | 614452 bob_dabolina
bob_dabolina's picture

If we could only get Brian Sack in on the Gallup we can shoot this to at least 101%

Wed, 09/29/2010 - 23:02 | 614453 umop episdn
umop episdn's picture

Love the info, especially the charts! However, I must disagree regarding your assessment of the blogosphere. Yes, there are lots of stupids and overlarge egos, and there is plenty of old money that would love to see the amateurs dry up and blow away...but! There are lots of very smart people trying to find out what's *really* going on, and that's a market. You want a free market? You got one on the intertubes...even if the pay isn't much more than a job well done. Sometimes the pulic service is enough of a reward.

Wed, 09/29/2010 - 23:57 | 614563 redbud
redbud's picture

It's a helluva lot faster to read than to watch/listen. Much easier to save useful info (bookmarks, copy/paste, email links). Much easier to skip over unwanted info. Much more productive, for the time invested. 

Eyeballs = ad revenues. Useful, frequently-updated sites have eyeballs. ZH is outstanding in providing fresh stories throughout the day. I was glued to it on flash-crash day. Yes, there is definitely a market. 

Wed, 09/29/2010 - 23:06 | 614459 Bartanist
Bartanist's picture

Sigh, sorry to hear that the blogosphere is doomed to fail because it is free and amateurish... and I was really starting to like the varied opinions both emotional and well backed with facts.

Guess I'll just gave to go back to 24/7 mind numbing propaganda from the MSM because that is what "professionals" do ... which is of course preferrable to real opinion and facts.

Wed, 09/29/2010 - 23:08 | 614464 JohnKing
JohnKing's picture

Is it becoming increasingly more difficult to lie to the average American?

No, there are more liars than ever, they just aren't good at it.

Thu, 09/30/2010 - 05:10 | 614941 StychoKiller
StychoKiller's picture

Kinda hard to "convince" someone that the Economy is improving when they're still looking for a job after 2 years...

Thu, 09/30/2010 - 14:22 | 616084 Cathartes Aura
Cathartes Aura's picture

"lies" are subjective, people flock to commentary that fits their (shaped) points-of-view. . .

you know you're peeling off layers of unnecessary opinion when you feel in your gut that what you're reading (or hearing, more rare) doesn't fit your current reality, but cannot be denied. . .

that's real truth at work. . . and it takes some time to integrate into your being.

Wed, 09/29/2010 - 23:10 | 614470 LongShortSally
LongShortSally's picture

While I have nothing but disdain for the programming and commentary on CNBC, your bar charts would present a fairer picture of viewership trends if data for the pre-crash period were also included. One could imagine a scenario where viewership spiked and is now returning to pre-crash levels. That might not be the correct scenario and you may indeed be accurate in your assessment, but more historical data would lend better clarity to the picture.

Wed, 09/29/2010 - 23:16 | 614479 Armed with Math
Armed with Math's picture

Yes!  You beat me to the same comment.  I despise CNBC and even I watched it during September 2008.

Wed, 09/29/2010 - 23:14 | 614481 wafflehead
wafflehead's picture

Fox news baby! the only trusted source on TV

Wed, 09/29/2010 - 23:22 | 614501 RockyRacoon
RockyRacoon's picture

Fox news baby! the only trusted source on TV </sarc>

Fixed 'er up fer ya.

Wed, 09/29/2010 - 23:46 | 614538 DaveyJones
DaveyJones's picture

I never knew the color of truth was blonde

Wed, 09/29/2010 - 23:17 | 614486 Milton Waddams
Milton Waddams's picture

NBC universal, CNBC's parent, is (will be?) partly owned by Comcast. Stephen Burke, Comcast's (former?) president, was recently named NBC Universial's CEO. In 2009 Burke was named to Berkshire Hathaway's Board of Directors. In early 2010 Berkshire increased it's investment in the "garbage stock" Republic Services. Currently, CNBC is airing a special touting the investment potential of garbage stocks. As an aside, Warren Buffett's bridge buddy William Gates owns a significant stake in Waste Management. Microsoft and NBC have a strategic alliance -- MSnbc.

Dumpster diving for fun and profit.

Wed, 09/29/2010 - 23:18 | 614495 anarkst
anarkst's picture

How is it possible that 43% believe the MSM?  

Thu, 09/30/2010 - 01:00 | 614669 SheepDog-One
SheepDog-One's picture

That IS the real question, is 43% totaly retarded? I guess looking around at the public its not hard to believe at all.

Thu, 09/30/2010 - 02:15 | 614762 akak
akak's picture

Look at it this way:

Not to be elitist, but I think it is safe to say that most of us here on ZH are rather more intellegent than the average.  A person of "average" intelligence, nowadays in the USA, is actually rather dumbed-down and numb to the reality of our political and financial situation.  Now remember: HALF of all those out there are LESS intelligent than that!


Thu, 09/30/2010 - 12:14 | 615689 Kobe Beef
Kobe Beef's picture

I bet these people all watch lots of TV...

They probably vote too. I'm pretty sure they were also enrolled in the great American Public education system.

The decline and fall of western civilization was never so LOL entertaining.

Please be an elitist. Stay intelligent. It is the only way not to wind up like that.

Wed, 09/29/2010 - 23:21 | 614499 e_goldstein
e_goldstein's picture

booyah, bitches!

(really, after 30+ comments, i was the first to come up with this?)

Wed, 09/29/2010 - 23:28 | 614509 rapacious rachel wants to know (not verified)
rapacious rachel wants to know's picture

we were just waiting to see the below average intellect we could poke fun at

Thu, 09/30/2010 - 00:12 | 614594 palmereldritch
palmereldritch's picture

Cool. Can you slip a picture of Cramer in an orange jumpsuit peering out from behind those black and white bars?


Wed, 09/29/2010 - 23:27 | 614508 hedgeless_horseman
hedgeless_horseman's picture

I still can't get over how many of you here still have television. 

Move on.  I did.

Thu, 09/30/2010 - 00:48 | 614646's picture

They can have my rabbit ears when they pry them from my cold dead hands. Gotta see the local news and Rockford Files reruns.

Thu, 09/30/2010 - 07:22 | 615027 sumo
sumo's picture

Rockford Files reruns

Hulu is your friend.

Thu, 09/30/2010 - 04:07 | 614909 Rick64
Rick64's picture

Agree, one way to take back control of your time and lives.

Thu, 09/30/2010 - 14:33 | 616141 Cathartes Aura
Cathartes Aura's picture

not to mention your mind.

Wed, 09/29/2010 - 23:29 | 614510 cobra1650
cobra1650's picture

unleash the bald carnival barker....AMF

Wed, 09/29/2010 - 23:30 | 614511 cdskiller
cdskiller's picture

"In this time of unprecedented economic upheaval, where the political regime depends on how far any administration's lies can penetrate amongst the broader population,..." Tyler, what would we do without you?

Wed, 09/29/2010 - 23:35 | 614522 sbenard
sbenard's picture

I stopped watching the Obamanomics channel 18 months ago. I'm sooo glad I did!

Wed, 09/29/2010 - 23:37 | 614524 IrrationalMan
IrrationalMan's picture

Condolences CNBC.  Anyone want to start a pool to send the zerohedge thongs to the CNBC babes.




Wed, 09/29/2010 - 23:45 | 614537 Everyman
Everyman's picture

I M in.  Do we get pictures?

Wed, 09/29/2010 - 23:56 | 614560 IrrationalMan
IrrationalMan's picture

no, but when Erin Burnett is reading the news you can guess whether she has them on or is just not wearing underwear. 


Thu, 09/30/2010 - 00:22 | 614612 Everyman
Everyman's picture

That takes all the fun out, and requires me to have some sick imigination.


Thu, 09/30/2010 - 00:33 | 614628 Conrad Murray
Conrad Murray's picture

That would be too funny.

Erin: And now we would like to take a brief moment to thank our many friends(?) at zero hedge for their generosity
Mark: Yea guys, you did us solid.  And I'm glad you sent me a "Gold, bitches!" coffee mug instead of...well, you know

Thu, 09/30/2010 - 01:02 | 614675 SheepDog-One
SheepDog-One's picture

Wow nice job on slippin a 'bitches' in there, props.

Wed, 09/29/2010 - 23:52 | 614555 DaveyJones
DaveyJones's picture

i liked this one: Rocky Horror Picture Show Cult Following Just Doesn't Have the Same Energy,18137/?utm_source=recentnews

Wed, 09/29/2010 - 23:59 | 614567 Lower Class Elite
Lower Class Elite's picture

Excellent.  "There's your fucking "time warp" right there!"

Thu, 09/30/2010 - 05:14 | 614943 StychoKiller
StychoKiller's picture

Augghh!  It's "Idiocracy" to a tea!

Thu, 09/30/2010 - 06:07 | 614972 iota
iota's picture

Comin' up next on The Violence Channel: An all-new "Ow, My Balls!"

Wed, 09/29/2010 - 23:46 | 614541 gwar5
gwar5's picture

The MSM is a bunch of liars and tools of the regime.

If one looks at the major share holders of the media conglomerates, it's pretty easy to see why the MSM shills, lies, and omits. They try desperately to stay on narratives that are favorable to their masters. The internet is like holding a mirror up to a vampire - the MSM bears no reflection. It's all very Soviet Union-ish.

Thank God for ZH and other web sites and the internet in general. It's easy to see why the government regime wants to censor and wiretap everything on the web and have a selective kill switch.

Take the red pill, see for yourself.

Wed, 09/29/2010 - 23:48 | 614546 The Continental
The Continental's picture

Wow - people still waste time watching the vast wasteland propaganda TV? I haven't watched the idiot box in over 5 years; my mind has never been more clear.

Thu, 09/30/2010 - 00:01 | 614572 IrrationalMan
IrrationalMan's picture

for me it isn't really a choice, the 50 inch tv screen is less than 10 feet away from my desk.

Thu, 09/30/2010 - 04:09 | 614910 Rick64
Rick64's picture

I wish I could say the same its coming up on a year for me, but I feel the same way my mind has never been clearer.

Thu, 09/30/2010 - 11:16 | 615476 CR Bill
CR Bill's picture

agreed, I'm 65 and have never owned a TV

my wife likes TV and wanted to buy one, to which I responded that whenever she turned it on I would go to the bar and drink - I think it was only the loss of money that deterred her

I am amazed on an ongoing basis how people that consider themselves intelligent and educated can watch such tripe, let alone the ads


Wed, 09/29/2010 - 23:48 | 614548 Fearless Rick
Fearless Rick's picture

As a part-time blogger (finance and sports) I disagree with the author about the egos, etc. of the bloggers getting in the way of them making significant inroads.

I am quite certain that there are, among the many, varied blogs and websites offering financial info, some that are very good and making decent money, others that are not so good and making money and the converse of those.

The web is still growing up and it doesn't conform yet to any set criteria of measurement, which is why we get comments like those in the article which are based on anecdotal evidence at best and misguided emotion at worst. The author needs to take a stroll around the blogosphere. He might be surprised at what he might find. Lots of little niches are being filled and while the bickering and snark is often obvious and overdone, it's likely essential as the warring parties battle for turf, eyeballs and, of course, capital.

I'd venture that not only do more people trust many websites more than they do the MSM, but also that the viewership/readership numbers are tilting very much in their favor over the old media.

Thu, 09/30/2010 - 00:14 | 614596 redbud
redbud's picture

Yes, my son in college has had broadband but no TV for several years. Websites are his media inputs.

The snark is often quite clever! Great insights with punch.

I miss Cheeky Bastard.

Wed, 09/29/2010 - 23:53 | 614556 gwar5
gwar5's picture

89% of Americans polled think the MSM is in the tank for Obama. The other 11% just think they're just assholes.

Wed, 09/29/2010 - 23:57 | 614565 Clayton Bigsby
Clayton Bigsby's picture

In the words of the immortal Dr. Dre - the MSM can "get in the pickup and eat a dick up till they hiccup"

Wed, 09/29/2010 - 23:59 | 614568 alagon
alagon's picture

CNBC can quickly turn this trend around by forcing Erin Burnett to take off her shirt.

Thu, 09/30/2010 - 00:09 | 614592 Id fight Gandhi
Id fight Gandhi's picture

Dude u need to get out more, those wouldn't be pretty. She's what 40?

Thu, 09/30/2010 - 00:18 | 614602 alagon
alagon's picture

Or force Mandy Drury french-kiss Melissa Lee?

Thu, 09/30/2010 - 08:03 | 615076 docj
docj's picture

You're implying they'd have to be forced, of course.


Thu, 09/30/2010 - 05:19 | 614947 StychoKiller
StychoKiller's picture

Those aren't boobs mate -- now Danni Ashe or Karina Hart, there's some boobs!

Thu, 09/30/2010 - 08:02 | 615074 docj
docj's picture

CNBC goes "Naked News"?

I'd watch.

Well, I'd think about watching.  With the sound off.

Thu, 09/30/2010 - 08:13 | 615092 Clark_Griswold ...
Clark_Griswold Hedge Mnger's picture

oh yeah, enjoy Cramer in a ZH thong......

    thats just wrong on so many levels.....

Thu, 09/30/2010 - 00:02 | 614577 brodix
brodix's picture

The problem is that we keep peeling away the layers of bullshit....and just find more layers of bullshit. Are we really just chasing our own tail? In the big picture, we have to give back everything we take, but generally most people hope to be the ones that win the lottery and actually get a little more than they give. The irony is that those who succeed, rarely win much appreciation outside the circle of those benefiting from the same pot, if that, while the ones history tends to respect where those who gave more than they took.

 Safe to say, it isn't going to change.

Thu, 09/30/2010 - 00:05 | 614584 Ags Nightmare
Ags Nightmare's picture

Nice article Tyler...CNBS sucks. I started an anti stock market media blog a month ago. It's satire and not for everyone but I am taking dead aim on the stoopid sheet we have been putting up with the last 15 years,,,read your site every day. Keep searching for the truth,



Thu, 09/30/2010 - 00:15 | 614598 arnoldsimage
arnoldsimage's picture


Thu, 09/30/2010 - 01:39 | 614724 SoCalBusted
SoCalBusted's picture

Yup- look who's crazy now.  I stopped watching Fast Money shortly after he left.

Thu, 09/30/2010 - 06:31 | 614994 digalert
digalert's picture

Exactly, though Macke was surely tweaked, in his message to the beak. "Don't you see, none of this is real." If they'd only followed his advice. The only thing that can save CNBS now is...topless reportittes.

Thu, 09/30/2010 - 00:21 | 614609 Id fight Gandhi
Id fight Gandhi's picture

Does zh need our donations? Is there anything more I can do to get involved with them?

I guess I'm like most here, staring at a screen most of the day and blogging and commenting to stay sane.

Thu, 09/30/2010 - 00:40 | 614631 prophet
prophet's picture

No Sub Advert Bitchez.

News lacks currency.


Thu, 09/30/2010 - 01:05 | 614680 SheepDog-One
SheepDog-One's picture

Go to hell where you belong media bitchez!

Thu, 09/30/2010 - 01:30 | 614711 Something Wicke...
Something Wicked This Way Comes's picture

Another good article, Tyler.

I have watched the de-evolution of MSNBC. I could put up with the fund managers forever espousing the long view.

I think what pisses me off the most is that they have became political and starting carrying this regime's water. Everything is a happy day lean. Anyone with an independent or critical view, I think of Peter Schiff here, suffers the barbs ands attacks. I watch them primarily for commodity pricing now but the crew is french vanilla and bores the fuck out of me. Except for Santelli once in awhile. Btw is it just me, or does anyone else think Maria B is some sort of android?

Thu, 09/30/2010 - 01:31 | 614714 Something Wicke...
Something Wicked This Way Comes's picture

oops i meant CNBC...arrgh

Thu, 09/30/2010 - 01:50 | 614739 ebworthen
ebworthen's picture

There is little worse than being bullshitted and lied.

When you know the lies are coming from those who are supposed to objectively report; are you going to keep watching?

Thu, 09/30/2010 - 03:41 | 614888 fredquimby
fredquimby's picture

I watched CNN "Quest means business and despite gold being at 1310 he did not mention it ONCE. haha

I flicked over to CNBC to see if they were talking about it, and as I did I caught one of the heads saying:  "....and silver, which is well known as a proxy for the dollar, is going up"

Eh? WTF does that mean? Silver is going up and the dollar is going down??!!Proxy shmocksy my ass!

haha - must say I did enjoy CNBC for a minute or two. Another guy with an English accent was screaming that it is GOOD to have a weak dollar and that America is winning the economic currency war to have the weakest currency....Then it switched to some guy in the pit whose voice is soooo grating I could not bear it, so I switched off and read the latest FOFOA essay call shoeshineboy, which i am sure you have all read and digested by now :)

Thu, 09/30/2010 - 03:45 | 614891 fresbee
fresbee's picture

Tyler said: "Which brings us to a third point: the alterantive media world, which includes blogs, has never had such a unique opportunity to strike out at the legacy regime. Yet unfortunately, being populated by egos larger than life, who would rather engage in pissing contests among each other than focusing on the one true enemy, and lauding fair market capitalism everywhere, except when it affects their own business model, the blogosphere has demonstrated a level of amateur naivete which will forever prevent its ascent over legacy media forms."

The problem with the alternate media like blogs run by ZH is that they are too meshed up with Gold conspiracy guys. If left to these fools, world will only trade one thing and that is Gold. Why? Cause they can only see the mismanagement by Government. So instead of voting the government out, they will rebel and buy Gold to shut the system down. So as long as blogs can keep factual reporting with analysis, they are fine. It is only when they let their personal biases affect their opinions, that problems begin. 

While I am happily sold out on a Gold rally to 1400, I am silently wishing that cartel breaks Gold to $200/ounce just to shut the bugs out a bit.  

Thu, 09/30/2010 - 05:22 | 614950 StychoKiller
StychoKiller's picture

I'd be buying hot dogs by the case if I thought they were a valid store of value/wealth -- guess it's back to PMs!

Thu, 09/30/2010 - 07:52 | 614988 Voluntary Exchange
Voluntary Exchange's picture

I don't think you are understanding the situation. Buying gold is not about trying to shut the system down. It is about trying to find a way to preserve savings when government and central banks can debase currency and there are few viable alternatives to preserve one's savings. 

Voting the "government" out does not change the nature of governments that are granted monopolies of adjudication and security service provision. Such a system will always be an expression of political power and a magnet to those people who wish to gain advantage through monopoly adjudication or by means of monopoly "legal" force. Elections originally were an attempt to impose some free-market like constraints on an institution that by its design is inherently the antithesis of a free-market in the key "services" it is supposedly trying to provide. Those who understand the weaknesses of such a system would rather retain their "power of the purse" and voluntarily purchase their security and adjudication services from entities that are truly limited by the constraints of a genuine free market.


Your arguing on the need for people to focus on putting bad government out within the existing system is an (apparently) unconscious endorsement of a system that has amply demonstrated all over the globe in various forms a continuing pattern of empowering and maintaining  tyranny. If a population could miraculously  overcome the many individual weaknesses of its electoral system (things like - becoming educated on issues and candidate positions, have access to and using information and news systems that reflected actual conditions, having candidates brave enough to advocate and stick to positions that historicaly tend to get you killed, recognizing criminal and non-criminal personalities, seeing that their votes were properly counted, being impervious to propaganda by entities hostile to their basic freedoms, and most of all- as a whole becoming aware of and advocates of the basic ideas of freedom and wanting to live by voluntary exchange rather than by handouts provided by theft of wealth from those who produced it ... ) it is theoretically possible they could materially improve the problem for a while (as long as they could maintain the diligence in all those areas and actually much more you could list as necessary conditions). This is expecting quite a bit, really almost impossible to expect from people in the necessary numbers to make it work. Are you not able to see that this is in fact the situation that we face?

Thu, 09/30/2010 - 04:00 | 614904 fresbee
fresbee's picture

In fact not a day goes by w/o some bug writing about shortage of silver in timbaktu and how silver is useful for his dental filings and silver at $80 is justified. 

Thu, 09/30/2010 - 05:55 | 614968 akak
akak's picture

Please get back to us when you have something meaningful or pertinent to add here.

Thu, 09/30/2010 - 04:52 | 614930 Hephasteus
Hephasteus's picture

The news spends 5 minutes advertising shows lately like it's "news". PTB have a 7 percent trust fund deficit. Not good.

Thu, 09/30/2010 - 05:24 | 614951 StychoKiller
StychoKiller's picture

Have you ever timed out how long an hour-long program is actually broadcast?  Around 40-minutes if you're lucky, the rest is commercials.

Thu, 09/30/2010 - 05:06 | 614939 bernorange
bernorange's picture

This news is only going to win Jay Rockefeller more support to control the internets.

Thu, 09/30/2010 - 05:09 | 614940 TooBearish
TooBearish's picture

Actually the business model CNBS employs is working, for them- clearly the ZH demographic is not the target audience, it is the 60+ male retiree and the stay at home mom - why do you think they put fossils like Mark Haines with little cutie B-cups Burnett and former coke head party boy Kudlow bookended by two stacked hotties, Melissa and Trish - its all about the fantasy, and an occasional dollip of factual reporting.  Trade like Cramer and you too can be a former retired hedge fund manager with a questionable track record that only occasionally broke the rules - its about the fantasy - ....CNBS still buries BBG and Fox, yet I'm guessing Fox is closing the gap as they and BBG have more a more attractive stable of Babes and boobies.

Investigative journalism went the way of the dodo when Cronkite, Huntley and Brinkley, etc went off the rails during Watergate, the last time the republic had a near death experience.

Thu, 09/30/2010 - 05:48 | 614964 celticgold
celticgold's picture

the rich have got there channels in the bedrooms of the poor.... leonard cohen

Thu, 09/30/2010 - 05:50 | 614965 Dismal Scientist
Dismal Scientist's picture

It should be called 'Fast Losses', not 'Fast Money'.

European CNBC still retains some value, its only when its turned over to cater to the US audience that it goes downhill fast. You get the presenters, they think you deserve, I believe.

If you want to do TV in a way that suits the American appetite for excess, then do it Max Keiser style. At least that way you might learn something too.

Thu, 09/30/2010 - 06:13 | 614973 akak
akak's picture

Of course, only a child (or the average American) would believe in the "objectivity" and "journalistic integrity" of anything on CNBC, but even a cretin should eventually notice that the soulless shills on that channel always and ONLY talk about what one should be buying today in terms of equities, NEVER what one should be selling!  If they were really the ostensibly objective financial reporters and analysts that they claim to be, wouldn't they be discussing which stocks were losers, and which to SELL, just as much as which ones to currently buy?

Really, how can anyone long be fooled by this sham of a business channel?  As far as I'm concerned, it is little more than a 10 hour-long informercial supporting Wall Street, the financial elite, and everything status-quo, including all the crimes and corruption therein.

Thu, 09/30/2010 - 08:08 | 615085 primefool
primefool's picture

Yup - Stop watching it. Utterly dleterious to your financial health. Read some good books, read company financials on the web and use your own brains. Turn off the noise.

Thu, 09/30/2010 - 06:26 | 614976 plocequ1
plocequ1's picture

Im sure Cramer is comforted to know that he will always find a home courtesy of his friends and partners at ZH. Speaking of Cramer, I havent seen his ad lately. Im just sayin'

Thu, 09/30/2010 - 06:25 | 614986 TooBearish
TooBearish's picture

OT - Spain credit lowered by Moody's BUY THE EURO!

Thu, 09/30/2010 - 06:26 | 614987 iota
iota's picture

I'd love to take all Jim's trades, record my losses over say a 6 month period and post it up somewhere.

Unfortunately Jim has a pitiful 'I hate myself' look in his eyes that makes me turn over.

Thu, 09/30/2010 - 06:38 | 615001 snowball777
snowball777's picture

you don't give money to the bums

on the corner, with a sign, bleedin' from their gums

talkin' 'bout you don't support a crackhead

what do you think happens to

the money from yo taxes?

shit, the government's an addict

with a billion-dollar-a-week

kill-brown-people habit

and even if you ain't on the frontline

when massa yells crunchtime, you're right back at it

at the end of the year

add up what they subtracted

3 outta 12 of your salary pays for that madness

with what's left, get a big ass plasma

and see where they made dan rather point the damn camera

only approved questions get answered

now stand your ass up for that national anthem


Thu, 09/30/2010 - 07:18 | 615022 Instant Karma
Instant Karma's picture

The HD graphics on CNBC are pretty good. You have to have the mute button on of course. On a minute to minute basis there's not that much "business news." Apparently one can get sued for saying "negative things." So they stick to positive things. I've been tuned in since the mid 1990s, and their target audience appears to be retired folks in Florida. I like the Fox ticker in HD because the price of Gold flips every few seconds, which, I know, is a sign of the top.

Thu, 09/30/2010 - 07:37 | 615042 Chartist
Chartist's picture

ZH is my only source for financial news....(no sarcasm intended).

Thu, 09/30/2010 - 07:37 | 615043 Silverhog
Silverhog's picture

Cramer should add some loud farts to his broadcast like that preacher on YouTube. That guy still gets thousands of hits.  Might bring back a few viewers to his silly show.  A dumb investor puppet who's head keeps falling off would work also.

Thu, 09/30/2010 - 07:49 | 615054 primefool
primefool's picture

Surely you meant "Disgust" and not "Distrust".
"Disgust" - in my book is when I have'nt turned on mt Sony Tube TV ( 20 years old) in a couple of weeks. I may even sell it - but I understand there is no market for used tube TVs these days?

Thu, 09/30/2010 - 07:54 | 615055 bigdumbnugly
bigdumbnugly's picture

but now one must ask the question:   is gallup a mainstream pollster?

Thu, 09/30/2010 - 08:06 | 615080 israhole
israhole's picture

Who watches tv anymore?  Nothing but propaganda no matter what the issue.  Either Israel-firsters goading Americans into more attacks (er, "wars"), non-stop cheerleading on "financial" channels, or trying to convince citizens they're ignorant and racist if they don't want to open borders and fork over everything they've built to invaders, all in the name a of a "multicultural paradise".

Media is the biggest problem today, next to the Fed's criminal enterprise.



Thu, 09/30/2010 - 08:50 | 615164 Bringin It
Bringin It's picture

isra - something must be happenning.  You haven't gotten team junked yet.

Thu, 09/30/2010 - 08:06 | 615081 israhole
israhole's picture

Who watches tv anymore?  Nothing but propaganda no matter what the issue.  Either Israel-firsters goading Americans into more attacks (er, "wars"), non-stop cheerleading on "financial" channels, or trying to convince citizens they're ignorant and racist if they don't want to open borders and fork over everything they've built to invaders, all in the name a of a "multicultural paradise".

Media is the biggest problem today, next to the Fed's criminal enterprise.



Thu, 09/30/2010 - 08:10 | 615089 Leo Kolivakis
Leo Kolivakis's picture

TV sucks, and Cramer is a moron. Short solars, how dare he?!?

Thu, 09/30/2010 - 08:19 | 615101 insidious
insidious's picture

MarketWatch - July 23, 2010


Allied Irish Banks plc - July 2010 Stress Test Results


DUBLIN, IRELAND, Jul 23, 2010 (MARKETWIRE via COMTEX) -- Allied Irish Banks, p.l.c. ("AIB") [NYSE: AIB] welcomes today's earlier announcements of the EU wide stress testing exercise co-ordinated by the Committee of European Banking Supervisors (CEBS) in cooperation with the European Central Bank and under the supervision of the Central Bank and Financial Regulator. The now published results confirm that in all scenarios tested AIB exceeds the threshold of 6% Tier 1 capital adequacy ratio agreed exclusively for the purpose of the stress testing exercise. As part of the disclosure process, AIB agreed to outline its sovereign exposures as at 31(st) March 2010 and this information is appended.

-- Allied Irish Banks plc (AIB) was subject to the 2010 EU-wide stress testing exercise coordinated by the Committee of European Banking Supervisors (CEBS), in cooperation with the European Central Bank (ECB), and under the supervision of The Central Bank and Financial Regulator.

-- The results of the stress suggest a buffer of 352 EUR mln of the Tier 1 capital would exist at 31 December 2011 against the threshold of 6% of Tier 1 capital adequacy ratio agreed exclusively for the purposes of this exercise.


Bloomberg - September 30, 2010

Ireland is preparing to take majority control of Allied Irish Banks Plc and pump extra cash into Anglo Irish Bank Corp., raising the cost of repairing the financial system to as much as 50 billion euros ($68 billion).

“The Irish banking system is at rock bottom today,” Finance Minister Brian Lenihan said today in a Bloomberg Television interview in Dublin.


Major Media (almost anywhere) + Governments (almost any) = BS

(eventually something like the truth comes to light - as in today's Bloomberg report - but only when there is no alternative)

Thu, 09/30/2010 - 09:07 | 615201 pachanguero
pachanguero's picture

Mad Money is nothing but a shill for the banksters  Death to the NWO!

Thu, 09/30/2010 - 10:16 | 615329 aurora lancelot
aurora lancelot's picture
Looking from outside in from far away place.  I saw TV for what it is more than 2 years ago and cut it off completely by cancelling my cable subscription a year ago.  You think that US programs are BS and propaganda.  Have you ever seen Latin American TV programs?  With the exception of very few it is pure garbage.  As a teaching tool of young minds even if it is for the purpose of critical thinking or getting to know your enemy, it does not really work.  The subliminal messages do affect the unformed mind.  I see it with my grand children.  If you put them before TV or any moving images for that matter they go into a trance like state.  In that state they watch everything without discretion and it could be a commercial on dish soap.  At that moment my words don't mean a thing to them.  The mesmerizing effect is just to powerful.    So this brings me to the following: if most people are becoming awake, most don't trust the MSM and I can clearly see on ZH that most are very advanced in outright distrusting the government and especially its financial system.  My question is: when will you folks be fed up enough to change it?  If you don't who do you think will?   Here where I am we have dollars too.  We will need your leadership in the future when the virus spreads all the way down to this paradise. The first signs are already visible. 
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