I’ve never really been a big fan of CNBC, probably because they are a network focused more on ratings rather than sharing and educating viewers on important financial topics, and after a recent Business Insider article shared their latest reporting, I’m even less of a fan.
Apparently, CNBC sent a crew to report from the Adult Video News Awards, and for those of you who don’t know, this is an annual conference for individuals in the adult film industry. Now, I know what you are probably thinking, you’re thinking that I hate CNBC because they chose to cover an event and an industry that objectifies and demoralizes women.
If you are thinking this, you would be wrong.
I am actually a fan of the adult film industry and have been known to watch a few on occasion, and as long as the women choose to participate in the industry, then I support their choice. While the career choice is not for every woman, I do see the power it affords these actresses. After all, they convince men and women to spend billions of dollars a year just to see them without their clothes on. Who is the person getting demoralized in this situation, the person earning the money or the person spending the money?
So, no, I don’t hate CNBC for the fact that they’re highlighting this industry, I hate them because there is absolutely no reason for them to highlight the porn industry as much as they do. Yes, it’s a billion dollar industry; however, the average mom and pop investor who watches CNBC will not have the ability to participate in this investment.
It’s my feeling that CNBC should report on and stick to stories that impact most of their viewers, and while many of their viewers may watch porn for fun, it won’t have a financial impact on their lives other than the money they spend to watch it.
What CNBC Uncovered
According to this article, it seems CNBC rationalized their presence at the Adult Video News Awards by asking adult film stars about their investing advice. The Business Insider reporter apparently was not impressed with the suggestions of Apple, Starbucks and Chipotle due to the fact that the women didn’t understand valuations; however, I was actually impressed with their replies.
For most of the women, they stated their investment preferences based on their own individual preferences, and this is a great way to dip your toes into investing in individual stocks. Yes, you should probably have some clue about valuations and business performance of a company before you invest in it; however, if you and your friends spend money on the company’s products on a regular basis, it’s a good indicator that the company is a good one with positive long-term prospects.
As far as CNBC’s reporting, I wish they would stick to stocks and bonds and the world events that influence them and leave the adult film industry to do what they do best, entertain.
Do you think CNBC should be reporting on the adult film industry?
– Shannon
Photo: Baldwin Saintilus
I must say I completely disagree. At the end of the day CNBC is about ratings. Their coverage of this industry and these types of events must draw viewers or they wouldn’t keep covering them.
Hey, Roger! I’m not sure there’s any disagreement. Maybe we didn’t make the point clearly enough. There’s no reason for CNBC to be at this event EXCEPT ratings. Does it matter what a porn star would do with $10k?
They are definitely about ratings. I just wish they were more focused on educating and helping individuals make smart investment decisions.
I have CNBC on in the background as I write this as I do most business days. I monitor the markets and breaking news. I am not watching to be educated and if that was their focus I would watch something else. Not saying your comment is wrong, different strokes for different folks. BTW their series American Greed is a must watch if you want to learn about investment fraud and other scams from the standpoint of how to spot them.
Interest application of the “choice” argument. Loss of cool points (as if there were any) for CNBC IMHO…but I’m not an avid viewer (of CNBC or porn lol). What do I know?????
Ha! I don’t think you are missing much by not watching either. 🙂
It’s probably all about the ratings. Everyone wants to see what goes on at a porn convention! Personally, I don’t like the porn industry because it sexualizes all women, not just the ones who participate in the industry.
I personally don’t care what goes on at a porn convention, but I imagine there are plenty of people who do and they also watch CNBC. 🙂
This is hilarious. And I really have no opinion on it if I’m honest. Just nothing that I care much about or have an opinion on. But thank you for sharing. I think it’s kind of funny.
I just had to laugh when I saw the BI piece. I actually saw something about CNBC supposedly covering that both the porn convention and some gun convention were going on in Vegas at the same time. I do watch CNBC, usually for a laugh though, and completely agree in wishing they were more focused on educating. I do agree with Roger though that the American Greed series a good one to watch.
hmm, I think I feel indifferent either way, but I also don’t watch CNBC. But I’m leaning towards it’s OK, because like anything you can turn it off if its not your thing. I also like seeing out of the box (cough cough) slice of life stories. 🙂
Sure, why not? There’s that girl at Duke who’s paying her tuition bills through porn. Someone produced a series on her and I actually watched it. I think it’s fascinating.