Andrew Brown speaks a great truth in the midst of the dissolution of the journalism we have known:

“If readers cannot change their lives as a result of what they read, they will not bother. In particular, they won’t demand accuracy; and when what they read seems to have no effect in the real world, they won’t demand kindness, either.”

I can’t think of a better explanation of what happened with CNBC.

He points to this post, which I record here because I am mentally scraping the links.