From Live Feed:
Fulfilling their scheduling civic duty is starting to seem increasingly cumbersome to broadcasters, however. Between a struggling economy and ratings sagging in midseason, every interruption costs networks advertising dollars and momentum.
“At a time when we’re struggling not only financially but to build audiences, this doesn’t help on either front,” one network executive said. “These repeated interruptions — and the rumor of even more to come — really make it difficult to build audience flow and loyalty. We will all lose one or two million dollars for this.”
The presidential election resulted in a fall season regularly interrupted by political news coverage, followed by primetime inauguration coverage, then two primetime speeches about the economy. The White House requesting yet another primetime slot, during sweeps and right after several shows dropped to new lows in last night’s ratings, has some executives exasperated.
“I believe in the president and his policies, and as broadcasters we have a responsibility to provide the airtime,” said another network insider. “But these frequent primetime requests are wreaking serious havoc with our schedule and our advertisers. Ratings are down everywhere and the airtime is costing us all significant dollars when we can least afford it.”
From Yahoo:
Obama’s comments near the market close rattled investors when he said financial institutions that pose a serious risk to markets should be subject to serious government supervision.
“Whenever there is a question about how large the government role will be … the market doesn’t like that,” said Peter Kenny, managing director at Knight Equity Markets in Jersey City, New Jersey.
“As we came close to the bell we got the curveball: our president came on TV,” he said.
Trade was choppy on Wednesday, with stocks buffeted by uncertainty over Washington’s plan to shore up the banking system and weak housing sales. The market had turned briefly positive after the government gave details on stress tests of banks’ capital levels, with investors betting that banks would be able to withstand the news tests with relative ease, before finally falling in late trade.
These two articles highlight perfectly what is going on- the MSM being in the tank for Obama while pushing us down a self-destructive national path. Wonderful.




