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CNBC Down 28%: "The bloodbath at GE's propaganda station has reached critical levels"

Written By mista sense on Thursday, July 30, 2009 | 4:27 PM













The bloodbath at GE's propaganda station has reached critical levels." That's the assessment of Tyler Durden, writing for a blog called Zero Hedge, which is mostly about finance but occasionally delves into Cable Gaming.

This is obviously a stunning failure in an environment where the top stories on any other medium are finance and economy related. Maybe if they were to actually report objective news, Jeff Immelt would not have to scratch his head in wonderment, pondering how to generate ad revenue and something even remotely resembling positive cash flow. Then again what are the poor anchors to do since the infamous Immelt memo made the rounds. At least GE stock is up: and for that GE, Barney Frank and Goldman Sachs, deserve a golf clap.

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