Want more evidence print media is giving way to digital formats? According to CNBC "Squawk on the Street" Nov. 3, Internet behemoth Google (NASDAQ:GOOG) could have its sights set on The New York Times (NYSE:NYT).

Brian Shactman, a general assignment reporter for CNBC noted an article in the Nov. 2 Wall Street Journal that indicated a lot of big companies are hoarding cash and short term investments and it pointed out the information technology sector had nearly $280 billion to invest.

"There's so much talk today about M and A," Shactman said of mergers and acquisitions. "Well let's look it forward - some names out there that could be in the offing, some things to think about. Remember The Wall Street Journal said yesterday tech has about $280 billion to work with. Remember Google said they wanted to make about one acquisition a month. They have the cash - they got to speed up."

Does the self-described "Nation's Newspaper" -- er, make that the nation's second newspaper -- have a MoveOn mole as a headline writer?

The paper's headline at its report on Thursday's government announcement that the nation's Gross Domestic Product (GDP) came in at an annualized 3.5% after four consecutive quarters of decline was not only over the top. Its message went directly against an admonishment by an economist quoted in Paul Davidson's underlying report, which was to not "get carried away by the really strong number."

Many commentators, while gratified that GDP growth occurred, have cautioned that the growth was influenced heavily by government programs that either have already run their course with debatable long-term impact (e.g., Cash for Clunkers), or are probably not going to last much longer even if extended (e.g., the first-time homebuyers' credit), simply because the government is running trillion-dollar annual deficits and can't afford them.

Get a load of the story's headline, and how it contrasts with Davidson's generally pretty good reporting (bold is mine):

Now that the Obama administration is attempting to take a victory lap on the U.S. economic recovery, claiming the $787-billion stimulus passed earlier this year was what did the trick, despite a cost of $160,000 per 'stimulus' job, as ABC's Jake Tapper pointed out, it has come at the cost of the U.S. dollar.

Since then, the stock market has rebounded nicely. The Dow Jones Industrial Average (DJIA) is off a March low of 6,547 points, even topping the 10,000-mark recently. But what has caused this nearly 50-percent jump? According to CNBC's Larry Kudlow - loose monetary policy by the Federal Reserve, with low interest rates, has made it possible for the markets to rise, with the 'loose' money going into the market.

"The funny thing is, Steven, it has gone into stocks - I mean the stock market guys ... there's no real multiplier for the economy, right?" Kudlow said on his Oct. 30 CNBC program. "But it has gone into stocks and the stock market crowd wants to see the Fed to keep pouring the money in no matter what happens to the U.S. dollar."

We're just going to have to get used the fact that we're long past the point where we should expect dignity and stick-to-the-facts restraint from this White House. Going after its critics is something the previous Bush 43 administration should have done more, but on the rare occasions when it did, it conducted itself and framed its language appropriately.

Such is clearly not the case with the current bunch, which more and more looks like a collection of thin-skinned crybabies than the occupiers of the highest administrative perch in the land.

One of the latest examples comes from Macon Phillips at the White House blog. In a post that, except for the presence of expletives, reads more like something you might find at a far-left blog than as a thoughtful riposte, Phillips chooses to go after Edmunds.com, a leading car information and valuation site, for daring to claim, as noted yesterday by NewsBuster Julie Seymour, that the government spent about $24,000 for each incremental Cash for Clunkers sale while the program was in place.

Here are some excerpts from Phillips's 12:20 p.m. October 29 post, including one assertion (bolded by me near the end) that he should have known better than to have made:

Remember the Cash for Clunkers (CARS) program the network media liked so much? Well, according to analysis from Edmunds.com the government spent $24,000 per car when you subtract cars that would have been sold even without the program.

CNNMoney.com reported Oct. 29 that only 125,000 vehicles sold under the program (out of 690,000) "would not have been sold anyway," according to Edmunds.

The government allotted $3 billion for the CARS program, but Edmunds' said that more than 80 percent of those cars would have been purchased anyway.

Jeremy Anwyl, Edmunds' CEO, wrote an op-ed for the Wall Street Journal Aug. 3 pointed out that in any month there are 60,000 to 70,000 "clunker-like" sales. "We have crammed three to four months of normal activity into just a few days," Anwyl concluded.

Despite misgivings from Anwyl and others, the network news media embraced the government giveaway. All three networks described it as a "victim of its own success" AFTER it ran out of taxpayer funding in its first week.

Ever since long-time radio talker Don Imus inked a deal with the Fox Business Network to simulcast his morning radio program, he said he has been getting pushback from several acquaintances.

And as he explained and showed on his Oct. 28 program, he's not particularly pleased with the reaction about his deal with Fox News.

"I get this email and the e-mail says, ‘Sorry to see you've sold out to Fox Business, or whatever. But I am not surprised you sold out to Fox Business, disappointed.' Could you explain to me exactly what does that mean? When you walk in the door here, Roger Ailes or Neil Cavuto or what's the other fat guy's name? Kevin McGee? Not the other fat guy, that was unfortunate."

Every time the White House has a new enemy, left-wing Web-based media outlets take up the cause to defend the Obama administration.

Earlier this year when CNBC personalities criticized the Obama administration, the Huffington Post and other components of the left-wing noise machine watched every word said on the financial network - an effort that has since petered out. The Huffington Post also asked readers to supply reports to undermine the credibility of the tea party protests that were critical of the Obama administration.

So it should come as no surprise that the Huffington Post is making a call for all hands on deck to aid the White House with its latest feud with the U.S. Chamber of Commerce. The Huffington Post now wants to know who gives money to the Chamber of Commerce.

Let's say, hypothetically, someone was to make a disparaging statement about Fox News and conclude as a news outlet it is way outside of mainstream political thought. Well, then the follow-up appropriate question could be where does that put Fox News' competitors who get just a fraction of the cable news juggernaut's ratings?

Michael Wolff, a contributing editor and columnist Vanity Fair and CNBC regular, told MSNBC's "Hardball" host Chris Matthews on his Oct. 26 program the White House strategy was to marginalize Fox News the same way conservatives once did to liberals, making "liberal" a word with negative connotations. However, he also made the bizarre conclusion that Fox News, which dominates cable news on a regular basis, is "not very popular."

"Good Morning America" is at it again. The ABC program waged another battle against food companies Oct. 26 by focusing on an "eye-popping report" about cereal marketed to children.

Dan Harris introduced the segment saying, "This really is a scathing report. Not only does it accuse the food companies of pushing the least nutritious cereals to kids, but it also says the companies' promises to police themselves are hollow. What's more the study authors say they have proof for parents that kids will eat unsweetened cereals if they're offered."

But his two minute 58 second segment devoted a meager 21 seconds to defending cereal makers, and never mentioned the role of parental responsibility.

Harris complained that the Yale study from Kelly Brownell found the "average preschooler sees 642 cereal ads a year, the vast majority of them for sugary cereals: a marketing tsunami that is exacerbating the nation's childhood obesity epidemic."

It would appear that the Apparatchik Press -- er, the Associated Press -- thinks that part of its job is to soften the impact of embarrassing admissions made by Obama administration members.

Take the wire service's Thursday afternoon AP report by Jim Kuhnhenn on Council of Economic Advisers' chair Christine Romer's observations about the stimulus package. Romer said (in AP's words) that "the government's economic stimulus spending has already had its biggest impact," and will (in Romer's words) "likely be contributing little to further growth by the middle of next year."

As you'll see shortly, AP's headline doesn't reflect what Romer said. Additionally, Kuhnhenn allowed Romer to mischaracterize the economy's performance in the second quarter without challenging it, and saved the big news -- yet another administration official admitting that unemployment will stay near double digit through the end of next year -- for his eighth paragraph.

Here's a graphic capture of Kuhnhenn's first eight paragraphs, posted for fair use and discussion purposes:

Big shock here - MSNBC's Rachel Maddow agrees with the White House, which is the Fox News Channel is not really a news organization.

Sarcasm aside, on her Oct. 23 MSNBC program, Maddow attempted to justify the Obama administration's tack over recent months with Fox News. She laid out a series of events over the past few days that indicated an escalation of the feud between Fox News and the White House, specifically an effort to exclude Fox News from the White House pool.

"Well yesterday the White House said that Fox would not be among the networks invited to interview Ken Feinberg in one of these round-robin pool interviews and the other networks came to Fox's defense," Maddow reported. "They said they would bow out of interviewing Mr. Feinberg's themselves unless Fox was included, so Fox was included."

If MSNBC is the "place for liberal politics," CNN is the place for latent America bashing, especially its corporations.

On his Oct. 22 CNN program, Rick Sanchez wore his American guilt like a badge of honor and said he wasn't going to stand for America to look bad because of what a corporation had been accused of doing, in this case Chevron (NYSE:CVX), whether they did it or not.

"We do a lot of this, and I'm glad you like it," Sanchez said. "What we do is we try and connect with what's going on in our hemisphere, this is important. In this case, how it is that often time our image as Americans - this is never a good thing - can be sullied by the behavior of an - of an American corporation abroad. And then they end up not representing us well."

As I pointed out Monday night (at NewsBusters; at BizzyBlog), Associated Press reporter Martin Crutsinger, in his Saturday morning report on the federal government's full-year fiscal results, conveniently "forgot" about a major accounting change that enabled President Obama's Treasury Department to report a final "deficit" of "only" $1.417 trillion.

That's hundreds of billion of dollars lower than the $1.75 trillion expected in February. The change, which caused "investments" in financial institutions, General Motors, Chrysler, and other entities to be accounted for on a "net present value" (NPV) basis, had an initial impact of over $175 billion when first implemented. Crutsinger ignored the change, even though its implementation occurred after that February estimate.

Though the end of a fiscal year represents a perfect opportunity to extend readers' understanding of how our government (sort of) works, Crutsinger also did not tell readers that the reported "deficit" is nowhere near the amount of the increase in the national debt that occurred during the fiscal year. As of September 30, the national debt was $11.910 trillion, or $1.885 trillion higher than the national debt a year earlier. That means that the most recent year's "unreported deficit" was $468 billion.

One other area where Crutsinger erred was in his breezy opening paragraph assessment that the precipitous drop in cash receipts during the most recent fiscal year -- officially understated for a reason I will note shortly -- was entirely due to the recession:

MSNBC's David Shuster declared yesterday's fake Chamber of Commerce presser at the National Press Club the "Best prank of [the] week" on his Twitter page shortly before 5:30 p.m. EDT today. He added a link taking readers to the left-leaning blog Talking Points Memo.

A group of liberal environmentalist activists punked some journalists by throwing a press conference claiming to represent the Chamber of Commerce. In the fake presser, the pranksters claimed that the Chamber was reversing its opposition to so-called cap-and-trade legislation.

In a follow-up Tweet, Shuster added:

After conservative talk show host Rush Limbaugh was forced out of a consortium seeking to buy the National Football League's St. Louis Rams, there's evidence there is a double standard at play in the NFL.

Last week, NFL Commissioner Roger Goodell said that people in "responsible positions" in his league are held to a "higher standard," reacting to the notion that Limbaugh could be a part-owner of an NFL franchise.

"I have said many times before that we are all held to a higher standard here," Goodell said. "I think divisive comments are not what the NFL is all about. I would not want to see those kind of comments from people who are in a responsible position within the NFL. No. Absolutely not."

Analysis and video below fold

Lately there's has been an anti-Wall Street sentiment, propagated by the media that has become exacerbated as the Dow Jones Industrial Average (DJIA) hit 10,000 Oct. 14.

On CNBC's Oct. 15 "Street Signs," Jim Cramer, host of "Mad Money," was asked by fill-in host Melissa Francis what he thought about the outrage over Wall Street hitting its stride, while unemployment continues to rise.

"What did you think about [Morgan Stanley CEO] John Mack's answer to the big question of the day, which is the divergence between Main Street and Wall Street?" Francis asked. "We see Dow 10,000 - bonuses are back at the same time Main Street is in a shambles."

Cramer took a different and unexpected tact by explaining he was a Spartacist, one who believed in a Communism in his youth. But during that time in his life, he said he became very familiar with the teachings of Vladimir Lenin.

You might think that the three major networks would look favorably upon the Dow Jones Industrial Average (DJIA) breaking through the symbolic 10,000 mark. After all, it they could use it as an opportunity to spin the news as a victory for Barack Obama and his economic policies.

But that wasn't the case. Instead ABC, CBS and NBC used the occasion to point out that the rich on Wall Street are getting bonuses for the performance of the stock market, while others across the country are suffering.

"Now, if an economic recovery is under way, not everyone is sharing in it equally," "CBS Evening News" anchor Katie Couric said. "Pick up today's Wall Street Journal and you'll read banks and securities firms are on track to pay their employees record amounts this year. And, you pick up The New York Times and you'll see some workers are being forced to take huge pay cuts."

Is NFL Players Association Chief DeMaurice Smith being forthright when he contends he wants to protect the sport from "discrimination and hatred" as he has claims, or is he engaging in partisan hackery, with the benefit of having the ear of NFL Commissioner Roger Goodell? If you look at Smith's past, you might come to that conclusion.

As NewsBusters Noel Sheppard pointed out Sunday, ESPN's Chris Mortensen shared Smith's concerns on the network's Web site Oct. 11 based on an e-mail Smith had sent which said the following:

"I've spoken to the Commissioner [Roger Goodell] and I understand that this ownership consideration is in the early stages," Smith wrote. "But sport in America is at its best when it unifies, gives all of us reason to cheer, and when it transcends. Our sport does exactly that when it overcomes division and rejects discrimination and hatred."

Is Fox News Channel president Roger Ailes about to score another big name personality for his fledgling off-spin business channel? According to The New York Times television and digital media reporter Brian Stelter, News Corp's (NASDAQ:NWS) Fox Business Network is considering adding CNN "Lou Dobbs Tonight" host Lou Dobbs to its lineup.

"The business channel is also keen on another administration critic, Lou Dobbs, who met for dinner with Mr. Ailes last month, according to two people with direct knowledge of the meeting," Stelter wrote in a piece for the Oct. 12 Times about the growing divide between Fox News and the Obama administration. "The shift for Fox News - the favorite network of the Bush administration, now the least favored one of the Obama administration - has financial implications for the News Corporation, especially given the network's status as a growth engine in a perilous time for media companies."

A New York Times article by Nick Bunkley on Friday targeted for print on Saturday about the status of contract talks between Ford Motor Company and the United Auto Workers piqued my interest in a previously neglected but important matter.

Ford and the UAW are apparently close to an agreement. In describing what Ford workers are being asked to give up, Bunkley wrote the following (bolds are mine throughout this post):

Ford executives have said the company needs more concessions to keep G.M. and Chrysler from having an advantage.

.... The deal that U.A.W. workers at Ford approved in March got rid of cost-of-living pay increases and performance bonuses through 2010 and eliminated the jobs bank program, which allows laid-off workers to continue receiving most of their pay. In addition to those concessions, G.M. and Chrysler workers agreed to work-rule changes and a provision that bars them from striking.

What? From press coverage at the time, you would have thought that unionized GM and Chrysler workers made ginormous, humungous, unprecedented sacrifices to enable their companies to get through bankruptcy and to emerge as lean, mean vehicle-making machines.

Uh, no.