I sincerely hope that nobody is surprised by the fact that MSNBC, which has hyped the Jon Stewart/Jim Cramer "battle royale" for over a week now, has coincidentally dropped coverage of it at precisely the moment when Stewart delivered the knockout punch and made minced meat out of Cramer, CNBC and the entire media-industrial complex:
TVNewser reports that “MSNBC producers were asked not to incorporate the Jim Cramer/Jon Stewart interview into their shows today.” By TVNewser’s count, Cramer’s Daily Show interview was only mentioned once on MSNBC today and that was during the White House press conference when a reporter asked for Obama’s reaction.
CNBC is part of a corporate entity (although, interestingly, they don't report to the news division). That corporate entity is not going to get rich by highlighting the deficiencies of certain parts of its business. As much as CNBC deserves scorn and Jim Cramer deserves a subpoena, it's not just them. It's the entire media complex. And this indictment of their business won't be prosecuted and turned into a conviction.
James Rainey is also interesting today about CNBC and the larger implications.