NBC Olympics on Steroids, and I’ve Had It
August 11, 2008 2:43 PM
I can’t believe this: I just tuned in to watch my favorite show, CNBC’s “Fast Money,” hosted by Dylan Rattigan and it’s been preempted with some boxing Olympics event.
Have its parent companies GE and NBC Universal lost their minds? “Fast Money” is one of CNBC’s fastest-growing shows, and given the volatility of this market, I can’t believe they made such a bone-headed blunder here.
Gold hit a two-year low, Russia and Georgia are at war affecting the price of crude, the market is a mess, and I can’t listen to what the “Fast Money” crowd has to say about it all.
NBC has plenty of other cable networks to overkill with its mindless Olympics coverage. I’m so ticked I just called to complain, and you can, too, at 201-735-2622 and ask for an operator. I got a very tired one who answered, sounding weary from what I hope is a host of complaints.
Just goes to show you why GE’s stock is in the gutter: It knows nothing about business.
Should GE sell NBC Universal?
Absolutely, and I have no skin in this game—I don’t own a single media stock.