There are just 3 Major outlets in US covering real-time the Financial Markets. FBN, CNBC and Bloomberg TV.
Each one caters to a different demographics and Financial audiences. Without getting into who and what forms their viewership - its easy to say that the purpose is same- enhance the investment people knowledge about what is relevant for their investment assets or ideas.
there are thousands of listed companies and a few hundred that are not listed yet important.
but just a few have the ears and eyes of the reporters and producers of the networks and their guests.
looking at the lineups of their guests and the time hoggers it is not clear that the media has any idea what should be news worthy for the investors and their audiences.
An example: it is understandable we are in the middle of a major Technology revolution- yes it has changed from being a productivity play to re-inventing the wheel phase- and yes its great to see Bloomberg and CNBC anchoring out of San Francisco- Bloomberg even replays their live broadcast from Silicon Valley!
And one would think it would give the reporters and producers of these News network what is relevant and who is making hte most impact.
Yet the most glamorous CEO and the company that attracts these networks: Marisa Mayer and Yahoo! Not even yesterday's technology ...Please!
If the purpose is to add value to the investment community - the focus should be more on what is playing a role in the economy and what is changing and fast moving.
If financial media - which is actually affecting the most important thing that influences one's lifestyle- imagine where the other news are!