Tuesday, June 30, 2009

Kneale of CNBC Takes On Financial Bloggers! Evolution of Financial Media

This was a historic day for financial journalism, imho. Dennis Kneale was on CNBC replying to blog posts made about his calls. He brought on a blogger from AnnuityIQ.com who GOT THE GONG. He even said dickweed which was funny. Comedy aside.. Anonymity or not, "the most valuable commodity I know of is information" whether it's from CNBC, Fox Business, Bloomberg or Zero Hedge. The financial journalism war serves well for the public interest.

Here are replies to Kneale's rant.

Dennis Lets Zero Hedge Have It (Zero Hedge)
To Dennis Kneale: You're An Idiot (Denninger)
Do Not Dare To Suggest Dennis Kneale Is An Idiot (Deal Breaker)
CNBC Host Driven to Cursing Freak-Out By Bloggers (Gawker.com)



By the way this was a funny clip: Macke's Voice Of Reason Guiding Kneale On CNBC.

On another note, as financial media/journalism evolves and gets smarter could it come at the expense of analysts on Wall Street as research money flows toward ad CPM, CPC and newsletters? Could financial media/journalism ever be powerful enough to bid away analysts from I-banks at the right price?




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