Tag Archive: General Electric


“That’s one of the reasons why Trump kind of wants you to watch CNN instead of MSNBC. Because he knows on MSNBC no one will be defending him … Because we don’t bring on liars. I don’t bring on a liar. I won’t do that.” — MSNBC “Last Word” host Lawrence O’Donnell on Al Franken’s January 12 podcast.

It’s one thing to pretend to be fair and objective, when in reality you’re not. It’s another to remove all doubt, and …. be happy about it.

O’Donnell may have already raised arrogance to an art form, but does he really have to be gleeful about MSNBC winning the race to the bottom when it comes to fairness or to be more precise, the lack of fairness?

“One third of their (CNN) payroll loves Trump. So you’re guaranteed on any hour of CNN to a minimum one-third of the programming supportive of Trump. Some people on their payroll saying, ‘Here’s why Trump’s right.'” — MSNBC’s O’Donnell on CNN programming

O’Donnell was lamenting that CNN actually has guests that are one-third (really?) sympathetic to Trump, and will actually present why the president is right. The representation of both sides of the story does not exist on his “Last Word” and conceivably other MSNBC programs.

Almost DailyBrett must stop here and ask:

Are we reaching a new low point when not only are cable networks partisan (i.e., MSNBC and CNN, liberal, Fox News, conservative), but these media outlets blacklist any and all other voices who do not pass a sacred litmus test?

It’s not just a case in which viewers are selecting their own “news,” but they are not even being offered any semblance of any other point of view as a comparison … at least not on MSNBC.

The intensification of pro-Democratic bias/anti-Trump content on MSNBC as a counter to pro-Republican/pro-Trump programming on Fox News is paying off in terms of ratings (e.g., eyeballs) and with them, advertising.

According to Nielsen, Fox News Channel (FNC) won 2019 with a nightly average viewership of 2.57 million. MSNBC is second with 1.80 million evening viewers. CNN is third with … 1 million prime time viewers. If the world already has one MSNBC, why does it need another.

Whattyathink, CNN?

When Arizona Republican Senator Martha McSally last week refused to answer a question from a CNN Capitol Hill reporter, calling him a “liberal hack,” the network anchors were shocked … yes absolutely shocked. Deep down inside they were oh-so-happy, but does that make CNN any more relevant as the third horse in a two-horse race?

What did former GE Chairman Jack Welch say about market share? You either want to be No. 1 (Fox) or No. 2 (MSNBC) … number three should be rethinking their programming focus (CNN).

No More Masquerades

“The media is so messed up. It’s disheartening to me. … CNN is biased to the left … They are indistinguishable from MSNBC.” — Megyn Kelly, former NBC and Fox News journalist

“As reporters, we masquerade as being objective. We masquerade as being neutral. We masquerade as being without bias. These things are not true, and they are unrealistic.” — Lara Logan, former CBS News correspondent

As a former cub reporter for two suburban dailies and as a public relations practitioner for three decades, Almost DailyBrett understands completely that reporters/editors/correspondents come to their respective jobs with a healthy degree of skepticism and preordained political views (e.g., overwhelmingly liberal).

The real question comes down to professionalism. Can a reporter/editor/correspondent/anchor keep their personal views out of their copy?

The best reporters can do that, but cable television in particular has literally 24 hours of programming to fill. Journalists are now charged with offering interpretation (e.g., The Commentariat) of the news. Does this duty inflate their own sense of worth, and lead to the absurdity of reporters interviewing … fellow reporters?

Are journalistic standards of professionalism, fairness and objectivity gone forever to the delight of advertisers and our two political parties?

As consumers of mass media, are we responsible for the news we receive?

The vast majority of us are obviously asking for media, which conforms to our political views. Are we surprised to learn that our nation is more divided than at any time since the Civil War?

Our polarized media is without doubt aiding and abetting our division.

Is there anyway to put the brakes to this ever spiraling journalistic race to the bottom?

https://deadline.com/2019/12/cable-ratings-2019-list-fox-news-total-viewers-espn-18-49-demo-120281

https://almostdailybrett.wordpress.com/2020/01/12/has-all-media-become-partisan-media/

https://www.realclearpolitics.com/video/2020/01/25/megyn_kelly_cnn_became_the_thing_trump_said_they_were_indistinguishable_from_msnbc.html

Five years ago Hewlett-Packard (NYSE: HPE) was kicked off the Dow Jones Industrial Average, replaced by Visa.

Three years ago, AT&T (a.k.a., The Phone Company) was ingloriously removed from the index of 30 share prices, substituted by Apple.

And just last month, General Electric (NYSE: GE) was unceremoniously ushered off the exchange for Walgreen Boots.

Will Itty Bitty Machines (NYSE: IBM) be the next Dinosaur Tech heading for Dow Jones extinction?

Flintstones vs Jetsons

Under legendary CEO Jack Welch, GE was the most valuable (market capitalization) American company in 2000. The company was one of the founding companies of the Dow Jones Industrial Average in 1896. General Electric was a consistent standard on the exchange since 1907, 111 years.

What have you done for us lately, Fred and Wilma Flintstone? GE was replaced on the Dow Jones two weeks ago by a drug store company? How embarrassing.

Almost DailyBrett earlier wrote about companies that are absolutely rocking (i.e.,  Apple, Amazon, Facebook, Netflix, Google, Salesforce.com), metaphorically packing stadiums as opposed to those reduced to playing “greatest hits” at county fairs and desert casinos (i.e., Intel, Cisco, Dell).

These latter companies were/are directly tied to the mature PC market and thus became fairly valued with limited prospects for investor growth unless and until they credibly changed their story with compelling new information (e.g., Apple from Amelio to Jobs2 to Cook) & (e.g., Microsoft from Gates to Ballmer to Nadella).

Apple was on the precipice of bankruptcy in 1997; now the company is the world’s most valuable at $912 billion. The Wunder corporation may be first to ever to achieve a $1 trillion market cap (share price x the number of shares).

Microsoft has cleverly reinvented itself as the market leader in the cloud, even though the PC software company was late to the party. Macht nichts. MSFT has a $762 billion market cap.

Apple, Amazon, Facebook, Google, Netflix and Salesforce.com constitute the 21st Century version of the Jetsons.

Conversely, AT&T, GE, Hewlett-Packard and IBM are the Flintstones.

What Are Their Winning Narratives?

Having worked in corporate Silicon Valley public relations for more than a decade, Almost DailyBrett understands the virtue of championing a winning narrative.

What is your company’s raison d’etre?

How does it make the legal tender?

How is the company positioned in the marketplace against ferocious competitors?

What is its competitive advantage?

What is its legacy of results?

What are the prospects for reasonable and achievable expectations for shareholder joy?

For the record, Almost DailyBrett owns shares of Apple (NASDAQ: AAPL) and Salesforce.com (NYSE: CRM).

Both companies have delivered. Both are leaders in their respective fields. Most of all, your author understands their business strategies – lead in consumer innovation and services; provide selected software via the cloud to business customers).

Investing or Gambling?

When you understand how and why a company makes money then markets are investing, not gambling.

What is the winning narrative for GE? The company is restructuring yet again. Give it up J.C. Penney. Forget it, GE.

Tell me more about the business strategy for AT&T. How will it beat Verizon? Your author doesn’t know either.

Your author loves his Lenovo Ideapad. Who commercialized the PC? IBM in 1981. Reagan was president. “Watson,” can you help?

HPites love the 1937 story of HP founders William Hewlett and David Packard and the Palo Alto garage.

If the two gents could see their creation in the post-Carly Fiorina era, they would most likely would be turning over in their respective graves.

When contemplating these four Dinosaur Techs – AT&T, GE, HP, IBM — in a Jurassic Park era, the hardest questions are also the most basic: How do these companies make money? What product defines their respective businesses?

In stunning contrast, Apple is the #1 company in the world, defined by game changing innovation (e.g., iPhone X) and services (e.g., Apple Music).

Amazon is the #1 digital-retailer in the world with 100 million Prime memberships.

Facebook is the world champion social media company with 2.19 billion subscribers.

Google is the #1 search engine and developed the smart phone Android OS.

Netflix is the #1 digital-streaming-video company (at least for now) with 125 million subscribers.

Salesforce.com pioneered SaaS (Software as a Service) and is a leading-business-software-via-the-cloud provider.

Quick: Can you name a signature product/service directly associated with AT&T, GE, HP or IBM?

Being a jack of all trades, master of none leaves investors will absolutely … nothing.

https://www.cnbc.com/2018/06/19/walgreens-replacing-ge-on-the-dow.html

https://almostdailybrett.wordpress.com/2011/07/21/what-happens-when-the-music-stops/

 

 

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