THE NEWS HACK'S CREED:
I know more than you.
I make lots more money than you.
I'm smarter than you.
I'm sexier than you.
I appear on TV all the time.
I work ten minutes a day.
I rule the universe.
I'm going to live forever.
You are an idiot.
THE NEWS HACK'S CREED, No. 2:
A lie isn't a lie when it tells THE TRUTH.
THE NEWS HACK'S CREED, No. 3:
I've come to realize that the looseness of the journalistic life, the seeming laxity of the newsroom, is an illusion. Yes, there's informality and there's humor, but beneath the surface lies something deadly serious. It is a code. Sometimes the code is not even written down, but it is deeply believed in. And, when violated, it is enforced with tribal ferocity.
--JOHN "OMERTA" CARROLL.
THE NEWS HACK'S CREED, No. 4:
News isn't news when we don't report it.
PERMALINKS:
THE NEWS HACKS' DICTIONARY
THE EUGENE DAVID GLOSSARY
AMERICA'S MOST UNINTENTIONALLY FUNNY WEB SITE!
Blogroll Me!
![[Powered by Blogger]](http://buttons.blogger.com/bloggerbutton1.gif){kind=small}
Barry Ritholtz, chief investment officer with Ritholtz Capital Partners, a hedge fund that focuses on media and technology stocks, adds that the biggest benefit of owning NBC is that it helps GE control its image and present itself in a favorable light. (His firm does not have a position in GE.)
"The value of NBC hasn't been its bottom line impact or the amount of cash throws off. It is having a mouthpiece that protects GE. It enables the company to maintain and control its own public relations," Ritholtz said.
LEGENDARY WELCH may have had this in His evil mind when He bought His network, perhaps envisioning a buffer between His defense biz and bad PR, a neat excuse to get into show-biz; but even then He was turning His company into an S & L, so what was the point? GE BANCORP AND REALTY ENTERTAINMENT turns out enough bad publicity in its own right; between junky sitcoms and two HYPER-PC Oscar® nominees it works mightily to disprove the notion that any publicity is good publicity.