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Jon Stewart's CNBC attacks bashed by NBC chief

Jon Stewart has devoted a considerable amount of airtime to bashing CNBC and its pundits for not doing more to warn the public about the stupidity and incompetence that led to disasters for retirement portfolios.

Now NBC Universal CEO Jeff Zucker is firing back, calling Stewart's attacks "incredibly unfair" and "completely out of line." He said that "everyone wants to find a scapegoat" and believes that blaming the financial media for the meltdown is "absurd."

Continue reading Jon Stewart's CNBC attacks bashed by NBC chief

Jon Stewart extends 'Daily Show' contract through 2010

Fans of Comedy Central's left-leaning The Daily Show (this means you, Mom and Dad), rejoice! Jon Stewart will remain the show's host through at least 2010. The affable anchor has signed a two-year contract extension that keeps him in the employ of the Viacom (NYSE: VIA) network through 2010. His previous contract was set to expire at the end of next year.

In other news, fans of Stewart can review his Daily career, beginning in 1999, as Comedy Central has launched a standalone website for the program, featuring video clips dating back to January 11, 1999, when Stewart first took over the reins. Seriously, does anyone remember when rigid pretty-boy Craig Kilborn hosted the thing? It seems now as though The Daily Show and Stewart were simultaneously formed. The website also features episode synopses, games, and additional features.

Stewart will also continue to serve in a executive producing and writing role.

In addition to South Park, The Daily Show is the cable network's longest-running original series that is still on the air. It spawned a very successful spin-off -- The Colbert Report -- which itself may have spawned our next Commander in Chief. Referring to Colbert's (fake?) declaration of his candidacy earlier this week, Stewart was quoted by The Associated Press as joking: "I look forward to using this [contract] extension to having great fun at President Colbert's expense."

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.

Jon Stewart to Alan Greenspan: Why do we have a Fed?

Real Time Economics reports that Viacom Inc.'s (NYSE: VIA) Daily Show host Jon Stewart asked former Fed Chairman Alan Greenspan a very interesting question: "Why do we have a Fed?"

Greenspan: "You're raising a very fundamental question."
Stewart: "I am? Should I leave?"
Greenspan: "No. Stay for a while. Since you got your Emmy, you're qualified."

Greenspan's serious answer: "What a sound money system does is to stabilize all the elements in it, and reduces the uncertainty that people confront." Greenspan's answer continued to discuss some of the history.

Continue reading Jon Stewart to Alan Greenspan: Why do we have a Fed?

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Last updated: November 25, 2009: 07:38 PM

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