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June 2, 2005

MarketWatch, Thur., June 2, 2005, 9:05 AM

Yesterday (I think), I wrote that MarketWatch actually gave a factual news report, and added the snide remark "this time at least" or something like that. (I'm going on recall here.) Today, I actually opened my eyes to see that MarketWatch is now a Dow Jones publication " it states that right in the logo " and my immediate reaction was, "Haha, that explains why I've been feeling a lot less spun when turning to MarketWatch recently".

Yes, I do recall that MarketWatch was owned by, or in partnership with, CBS, for a while. The best I can say about MW is that it used to be (several years ago) a website I respected, and a service I often used and relied on.

Then they seemed to get off track. There were frequent stories and headlines to stories in recent years that, in my mind, were touting, not reporting. So I just stopped reading, and whenever I clipped a headline story from MW etc, because it was handy, I had to make sure that I cut out the crapola.

But, you know, I happen to have a high regard for the Dow Jones organization " not the management, and not the stock (NYSE: DJ) " but the journalists there. I do wonder what DJ management were thinking they might accomplish in partnership with GE-NBC-CNBC, or what they might have thought they were buying in CBS MarketWatch, but that doesn't detract from my belief that Wall Street Journal and Barron's are very well written financial publications.

That journalistic professionalism has to rub off on MW.

Enough said. I'll now start paying a little more attention to MarketWatch.

Posted by Posted by Bill Cara on June 2, 2005 09:06:09 AM | Category: Cara Today in the Market