NBC and CBS Inflate Negative Economy Piece With Housing Data

March 1st, 2007 1:00 AM

Last night, "Nightly News" and "Evening News" chose to inject a negative reference to the housing market into economy stories following Tuesday's stock market drop to make it look worse to viewers.

Both programs mentioned the 16.6 percent decrease in new home sales for January calling it the biggest drop in 13 years. But both networks also left out positive data for the same month available from the National Association of Realtors.

NBC reporter Carl Quintanilla even provided viewers with what he termed a "nightmare scenario: that home values plummet, more Americans default on their mortgages and stop spending."

The entire Business & Media Institute story can be found here.