3 June 2008

The Craziest Disclosure On Media Coverage I Have Seen

Talk about transparency! We know that media insiders follow ethics -- or try to -- and disclosures are part of the business of ensuring reasonable transparency and neutrality. But how about a situation where the disclosure is a catch-all that sounds like the old saying, "Caveat Emptor" (Let the buyer beware)?
I came across Alley Insider (http://www.alleyinsider.com), a technology community news service run by Henry Blodget, a former Wall Street investment analyst, which just stops short of telling the reader, "Believe us at your own risk!"
Here is the link and the operative text. I found it funny, but it may not be so!

http://www.alleyinsider.com/team

Full Disclosure: We own stocks, mutual funds, private investments, and/or checking accounts, some of which are securities of or accounts managed by companies we cover (We do not have a policy against this). We generally prefer that the stock market goes up, not down, and we occasionally write about the stock market. We have friends, colleagues, former colleagues, and valued relationships in the community we cover. Some of us manage or serve on the boards of companies we cover. All of these factors, along with our pre-existing biases, preferences, beliefs, education, knowledge, experience, work ethic, and IQs, may affect our coverage.

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