July numbers were down in every hour block from 3 a.m. to 4 p.m., according to Nielsen, with the biggest overall drop for "Mad Money" with Jim Cramer. They're also tuning out CNBC's "Closing Bell" with Maria Bartiromo in droves. Overall the network saw an 8 percent decline in viewers year-over-year. StreetInsider.com.speculates that Fox Business Network could be gaining some traction. But perhaps there's another factor at play: Investor distrust of the market. When folks have so much of their money on the sidelines, there's not much need for CNBC.
Tweet
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the HomogenoceneOne last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
New at LA Observed
On the Politics Page
Go to Politics
Sign up for daily email from LA Observed
Advertisement
Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.The multi-talented Mark Lacter