A ‘New Overriding Mission’ for CNBC

Personally inclined to think that “CNBC may be beyond repair,” John Nichols (Nation, 3/17/09) still thinks a new Fix CNBC! campaign’s “messaging is smart and instructive with regard to the broader media crisis in America,” quoting their open letter to the financial network:

Americans need CNBC to do strong, watchdog journalism–asking tough questions to Wall Street, debunking lies and reporting the truth. Instead, CNBC has done PR for Wall Street. You’ve been so obsessed with getting “access” to failed CEOs that you willfully passed on misinformation to the public for years, helping to get us into the economic crisis we face today.

You screwed up badly. Don’t apologize–fix it!

CNBC should publicly declare that its new overriding mission will be responsible journalism that holds Wall Street accountable. As a down payment, we ask you to hire some new economic voices–people who have a track record of being right about the economic crisis and holding Wall Street executives’ feet to the fire.

Apparently lots of folks share Nichols’ approval of the effort, since well “more than 10,000 people have signed the open letter” already, such as “Dean Baker… Free Press’ Josh Silver, FAIR’s Peter Hart and Adam Green and Stephanie Taylor, the co-founders of the Progressive Change Campaign Committee, which is promoting the initiative.”