Re: [RC] [ RC ] analysis of why MSNBC is a ratings disaster

[David R. Block]

Only here, there is no direct stock in MSNBC. The ups and downs of GE as a whole drive the stock of GE. David To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.--Thomas Jefferson   On 9/28/2010 3:24 PM, Dr. Ernie Prabhakar wrote: Hi Billy, On Sep 28, 2010, at 1:19 PM, bil...@aol.com wrote: Why, too, has Gates been so unconcerned ? After all, if you or I or most of us, had our very own TV channel, would we let it fall apart ? Would anyone ? Bill Gates doesn't own MSNBC. Microsoft only owns 18%, which makes it a tiny portion of their wealth. GE owns it. Rich people can't be bothered to care about everything they own indirectly, or they'd never pay attention to anything. Well, "religion" can cloud one's judgement. Look at the 3 major networks, each headed by true believers in The Holy Church of Political Correctness, and their slides keep on keepin' on, no end in sight. So that seems to explain part of it. But what about rational market theory ? The irrationality at CBS, NBC, ABC, MSNBC, and also ( but not as bad ) CNN persists, year after year. Where is the correction ? What does this say about rational market theory ? Rational market theory only implies that the *stock* of MSNBC reflects its true economic value. A rational market simply needs to reflect the fact that the people in charge of MSNBC are self-destructing, it doesn't prevent it. For that matter, rational market theory doesn't apply well to acquisitions, because most acquisitions are based on future beliefs not past performance, which is inherently irrational. -- Ernie P. -- Centroids: The Center of the Radical Centrist Community <RadicalCentrism@googlegroups.com> Google Group: http://groups.google.com/group/RadicalCentrism Radical Centrism website and blog: http://RadicalCentrism.org