CNBC's Closing Bell hid its own conflict of interest and the industry ties of the telecommunications industry front group Broadband for America while providing co-chairs of the group a platform to attack government regulations of the Internet and broadband access.
On the July 14 edition of CNBC's Closing Bell, host Kelly Evans interviewed Harold Ford, Jr. and John Sununu about the FCC's latest proposed regulations, introducing them as "Broadband for America honorary co-chairs," without explaining what Broadband for America was. Both Ford and Sununu insisted that the Internet should not be treated as a public utility and claimed that new regulations would slow Internet speeds and innovation.
Though Evans, to her credit, did pose challenging questions to Ford and Sununu about the possibility of companies paying internet providers to speed up customers' access to their content and the lack of competing broadband providers faced by many Americans, she failed to disclose the interest that Broadband for America and her own network's corporate parent has in limiting government regulation of broadband access.
Broadband for America has, among its members, major national broadband providers such as Comcast, Cox Communications, and Verizon. Its members list includes the National Cable & Telecommunications Association, which donated $2 million to Broadband for America in 2012.
And CNBC's parent company NBC is owned by the Comcast Corporation, which prides itself on its Comcast Cable division being "the nation's largest video, high-speed Internet and phone provider to residential customers."
As part of a campaign to pressure CNBC to improve its climate change coverage, mobile billboards are circulating the financial districts of New York City and Chicago on Thursday and Friday. However, rather than airing accurate information on how prominent business leaders use climate science to optimize their risk management strategies, CNBC has continued to air people denying climate change entirely.
The campaign by Media Matters, Forecast the Facts, and Environmental Action was hosted on fuel-efficient trucks to highlight Media Matters' studies finding that the majority of CNBC's relevant coverage casts doubt on the basic scientific consensus that climate change is real and manmade. So far, CNBC has not shown any signs of improvement -- even after a 45,000-signature petition called on CNBC to improve its coverage.
Most recently, CNBC hosted Joe Bastardi, whose arguments for climate change denial have been called "utter nonsense," "very odd" and "simply ignorant" by scientists, to discuss Super Typhoon Haiyan. When another meteorologist noted that rising sea levels have worsened the damage from storms such as Haiyan, Bastardi -- who has claimed contrary to basic physics that carbon dioxide "literally cannot cause global warming" -- predictably dismissed the greenhouse gas connection:
From the July 16 edition of CNBC's Closing Bell:
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During an interview with House Democratic Leader Nancy Pelosi, CNBC's Maria Bartiromo whitewashed Boeing's alleged discrimination against union workers and suggested that the National Labor Relations Board should not intervene when companies violate the law to intimidate union workers. Right-wing media have repeatedly distorted the facts about NLRB's complaint against Boeing, including wrongly asserting that the NLRB brought suit against Boeing "because the jobs are non-union."
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CNBC's Joe Kernen falsely claimed that President Obama "promised ... no more earmarks," while colleague Maria Bartiromo similarly asserted that "during the campaign, [Obama] said he would eliminate" earmarks. In fact, Obama promised to reform the earmark process and cut wasteful spending, not eliminate earmarks altogether.