Saturday, March 7, 2009
On last Wednesday's Nightly News (March 4), Brian Williams spent two minutes desperately trying to prop up GE's falling stock price (GE is NBC's parent company). He told us all about how GE was founded by Thomas Edison and how it is the last surviving member of the original Dow. Then David Faber of CNBC told us that, "GE says we have more than enough capital--more than enough financial flexibility--we are simply the victim at this point of a feeding frenzy." It is absolutely inappropriate for a network news anchor to use his position to try to prop up the stock price of his network's parent company.