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
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Yet, Sirius continues to attract shareholders. Its stock, among the best-performing U.S. mid-caps of 2010, with a 173% return, is now expensive. Sirius trades at a forward-earnings multiple of 40 and a book-value multiple of 48, respective premiums of 59% and 1,160% to cable-and-satellite industry averages. For a company that hasn't yet demonstrated sustainable profitability, these premiums are a red flag. Sirius suffered an accumulated GAAP loss of $2.14 a share in 2008 and 15 cents in 2009. It broke even in fiscal 2010, but shareholders' equity climbed into positive territory as the float inched up 1.2%. During the fourth quarter, Sirius suffered an $81 million GAAP net loss.
THE WALL STREET CASINO STOCK OF THE YEAR!
(Also via I Want Media)