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Financial News Media Praises LeBron James

On The Dave Ramsey Show, co-hosts George Kamel and Rachel Cruze discussed LA Lakers star LeBron James becoming a billionaire while still playing.

Rick Schultz

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On a recent episode of The Dave Ramsey Show, co-hosts George Kamel and Rachel Cruze discussed a story that intersected the pop culture world and financial news.

And they used one of the most polarizing athletes of our day to make their point.

According to a report from CBS News, basketball star Lebron James has officially become the first player to reach billionaire status while still in his playing days.

Kamel quoted the article, saying, “After another monster year of earnings, totaling $121.2 million, before taxes and agents fees over the last twelve months, Forbes estimates he’s officially become a billionaire while still playing hoops.”

James has both large numbers of admirers and detractors, often stemming from the argument over who is basketball’s Greatest of All-Time, or G.O.A.T. Some say, James, while others point to Michael Jordan.  

In addition, James has waded purposefully into the political waters as an outspoken supporter of Democratic politicians and their liberal policies. Unfortunately, many feel these policies hurt the very people James supports in so many other ways.

During the show, Kamel and Cruze continued discussing the article, which estimated the net worth of the hardcourt legend to be $1 billion. It quoted James as saying the milestone is important because he wants to maximize his business. 

“He’s commanded more than a $385 million salary from the Cavaliers, Miami Heat, and Lakers as the NBA’s highest-paid active player,” Kamel continued, quoting the article. “And off the court, to your point, Rachel, he’s raked in upwards of $900 million in income from endorsements and other business ventures. So he’s a very smart businessman on top of being an incredible athlete.”

“Kinda like Michael Jordan,” Cruze added.

“So, here’s the funny thing,” Kamel said. “This isn’t just why I wanted to talk about this. Yes, he’s a billionaire; that’s an amazing milestone. And it’s a thousand millions for those of you that need to get that picture in your head. But my favorite thing about this story is that he is known as the cheapest player in the NBA.”

The show then cut to an audio clip of former NBA star Dwyane Wade referring to James as “the cheapest guy in the NBA.” James listed a few extras he’s unwilling to pay for, such as data roaming, phone apps, or commercial-free streaming music. 

“Let’s be clear, LeBron James is not living in a shack. He’s got a nice house; I’m sure he’s got nice cars. He’s done really well,” Kamel joked. “But it’s amazing to me the things he goes. I’m not paying three bucks for that.”

“Hey, do you know who else who is not a billionaire but listens to Pandora with commercials,” Cruze asked. 

“Rachel Cruz!” Kamel answered.

“I’m basically like LeBron,” she quipped.

“I want to make it clear, LeBron James is not a cheapskate. In fact, he’s very, very generous,” Kamel made sure to note. “And there’s maybe a connection there; maybe you can speak to this. This is another article from CBS News. Lebron says he’s opening a multi-million dollar medical facility in his Ohio hometown. He’s built the I Promise School in his hometown in Ohio. He’s pledged to send 2300 students to college debt-free through scholarships. So to me, I just go; this guy has a plan for his money. He’s got a vision for where he wants it to go.”

Cruze agreed, discussing the mental approach and discipline needed to make such a significant financial impact.

“It’s not the Pandora subscription that’s going to make you a billionaire. That is not it. But it’s a mindset, too, of seeing what’s wasteful, what’s not. And it’s the same ways of looking at life that really could lead you; I mean, that kind of stuff can play into his business deals. Where he’s like, hmmm, what am I doing, it’s that same thought process that really can make you become successful.”

Ramsey Solutions has preached for years about the necessity of devising a plan for your money and following it rather than simply doing what feels good. They have always been strict adherents to a budget, regardless of how much one has flooded in on the income side of the equation. They also talk extensively about being a good steward and becoming incredibly generous along your journey.

Apparently, LeBron James shares many of the same deeply-held values.

“It’s wisdom with money,” Kamel added.

“LeBron, well done,” Cruze summed up.

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Proof That Both CNN and Fox News Manipulate Their Audiences

Playing with numbers and technicalities is a function of what the media does today. Since the average person just reads the headline, viewers will likely move on if it confirms their own bias.

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When news organizations collide, journalism loses. Last week, CNN posted on X saying “US inflation cooled down in January, offering some relief for Americans who have suffered through the steepest price hikes in four decades.” The same day Fox News posted “BREAKING: Inflation rises faster than expected in January as high prices persist.”

While these are seemingly opposite statements, both can be true at the same time. More importantly, both of these outlets are manipulating their audience.

People like their own opinions and want those opinions verified by others. This is what social media has done to news: You read the post, see your opinion is valid, and then move on to the next clickbait (confirmation bias). More importantly, both of these tweets are true because one is based on an estimate, and one is based on actual numbers.

Looking at CNN, while their post on X seems positive, their business headline is a little less positive, “Inflation cooled last month, but some price hikes continue to cause pain.” The change from tweet to headline is striking. One says Americans are getting inflation relief, the other says inflation continuing to cause pain. In today’s world of “Read the headline and move on,” this is why people feel CNN lies. Its post is in conflict with the headline— even though both are true statements.

It’s not until you read the article that people can see how this is possible. The outlet notes overall inflation did cool when comparing January 2023 (6.4%) to January 2024 (3.1%). Four sentences into the article it says, “CPI rose by 0.3% in January.” It goes on to break down why inflation is still high and causing pain in the pockets of Americans. Although the X post is factually correct, people on the right side of the political spectrum feel CNN is untrue because they see the inflation problem in their bank account.

Meanwhile, the Fox News X post and Fox Business headline are identical, “Inflation rises faster than expected in January as high prices persist.” However, the keyword here is “expected.” Inflation did cool year-over-year. However, because Fox is comparing the January 2024 number to what experts expected the number to be, what they have posted is factually correct. This nuance is sometimes lost on readers.

The article does not mention inflation is down year-over-year. However, nine sentences into the article, the business outlet says, “Inflation has fallen considerably from a peak of 9.1%.” The nuance of “expected” combined with the lack of mentioning year-over-year inflation is down is why the left side of the political spectrum believes Fox lies.

Let’s be clear, neither CNN nor Fox News have lied (on this one specific topic). They both chose to present the same data differently. It also needs to be noted, CNN and Fox News are not the only outlets that do this. They all do. Playing with numbers and technicalities is a function of what the media does today. Since the average person just reads the headline, viewers will likely move on if it confirms their own bias. The problem is twofold.

  • Facts are no longer direct but skewed to fit a narrative.
  • Some viewers accept headlines and posts without diving deeper into the article.

We have been trained to share a headline without reading the article. We’ve known this since 2016 when Columbia University and the French National Institute found 59% of shared social media links were never read. We’ve gone from headlines selling newspapers, forcing people to read the articles, to headlines being shared on social media, but people won’t read the articles.

This is only a small part of why The Messenger failed: neutrality. The sentiment of unbiased news was well-intentioned. However, America has lacked unbiased news since 1987 when the Fairness Doctrine was abolished. Many on the left believe this has helped right-leaning outlets. This is false. Not only has it benefited both sides of the aisle, it can be argued the progressives have benefited more than the conservatives (but that is a different article for a different day).

When news outlets collide, the American public loses. Not because we lack news, but because we lack the ability to read the full scope of the issues in one place. Outlets are not forced to present all sides of the political argument or present the entirety of data sets. Additionally, news is not being fully read. Headlines are now king. Shares, clicks, and likes keep the lights on in newsrooms. Most importantly, facts are now nuanced. This forces debate instead of continuity and cohesion.

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BNM Writers

Does Dealing With Criticism Ever Get Easier?

Engage in the content of the criticism and ignore the rest – or at least take the high road. If that gets difficult, end the conversation.

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A photo of the word Truth written on a typewriter

Thick skin. If you work in media, you gotta have it. If you don’t, you either won’t last or you won’t sleep – or both.

Even if you are neutral politically, super nice, and in it for all the right reasons, there always will be people who criticize you, and some will even make it personal.

Having “thick skin” is a cliché I’ve been thinking about and dealing with for years. I find it fascinating that, somehow, I am way more sensitive at home than I am at work – and by at work, I mean on the air for hours every day.

Even the angriest of listeners are engaging, and engagement is what I want. Sometimes, it can throw a show off-balance, but if handled properly, it should never fully derail you.

Over the years, I have modified my professional behavior, perspective, and attitude, yet my foundational approach has not changed. It began with my first full-time television job when a journalist/mentor of mine told me not to ever act interested in ratings. Rather, he said, focus on my performance and content — the rest would take care of itself.

In my first two anchor/host jobs, it worked wonderfully. I immersed myself in the job, and the ratings were strong. I thought it was a mandate to always take this approach, although in retrospect, I was probably more lucky than good. Regardless, following that mantra actually allowed me to learn my craft and not be overly aware that ratings mattered.

Ignorance was journalistic bliss.

Flash forward to 2024 and it all seems rather naïve, but I think the approach really works well with criticism, too, whether it be on social media, through phone calls or even with fellow hosts.

Just a quick note on nuance: Look at the sentence four paragraphs above – don’t act interested. Looking back at the guidance given by my mentor, his point also seemed to be that even if you are laser-focused on how a show is rating, don’t make it a major topic of conversation, and don’t let people think it defines you as a broadcaster and journalist.

All of it may seem like advice from Fantasyland, but in an indirect way, this approach also makes me less vulnerable to criticism. I simply don’t focus on it too much, and over time, it stopped bothering me even if I did focus on it. Make sense?

Of course, it’s not as if I like it when a listener rips me or the show, either directly or on social media; but I never engage emotionally, and if I do respond in any way, it’s usually content-focused.

That’s the key.

Engage in the content of the criticism and ignore the rest – or at least take the high road. If that gets difficult, end the conversation.

You have the conch. Never forget that.

Ultimately, you’ll feel better, especially knowing you did not take the bait and handled it professionally – no need to create any more tension than is already out in the media eether.

That brings me to the moment a host of a show on my station was sharply critical of an interview I had done, saying it was soft, and not holding the guest (a sitting U.S. Senator) accountable enough.

Specific questions were put forth that absolutely should have been asked, according to the host, and honestly, it was used as a chest puffer for that person to show why certain guests were scared to come on that later show.

And … I thought it was great.

Great?

Well, maybe not great, but I actually had no problem with it. First and foremost, they were talking about it, which is good. When I can provide that kind of grist, it’s good radio. It wasn’t always easy to listen to — I was still in the office doing some booking — but for some reason, it did not bother me. This from a guy who gets a one-second side eye from my wife of 20 years, and I think our marriage is in trouble.

In the end, a few of the criticisms were helpful, believe it or not: One or two of the suggested questions put forth on the later show should have been asked.

It’s all part of the balance I seek to create a place where members of both political parties feel comfortable coming on our network. I always reserve the right to ask difficult questions, and I do ask them (apparently not enough for some), but I also try and be balanced and manage relationships.

It’s delicate, and sometimes, elicits criticism – sometimes deserved. Meanwhile, I just focus on the content, naïve as that may be.

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CBS Mornings Scores Big Post-Super Bowl Ratings Win

CBS Mornings became the most-watched program from 7-9 a.m. in total viewers for just the second time ever for a CBS morning news show.

Doug Pucci

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A photo of the CBS Mornings logo

The historic ratings milestones continue for CBS as a result of Super Bowl LVIII.

Less than nine hours following what turned out to be the most-watched telecast in U.S. TV history to date (120.25 million of the near-124 million watching Super Bowl LVIII did so on CBS), CBS Mornings became the most-watched program from 7-9 a.m. in total viewers for just the second time ever for a CBS morning news show.

For the Monday, Feb. 12 edition of CBS Mornings, which featured co-host Nate Burleson from Las Vegas, the site of Super Bowl LVIII, and a visit from Jon Stewart in New York to promote his Daily Show return (which generated great ratings milestones of its own later that night), it delivered 2.9 million total viewers including 654,000 within the key 25-54 demographic, according to Nielsen Media Research. It marked its best total audience and demo figures since Feb. 4, 2022.

CBS Mornings topped ABC’s Good Morning America, the usual morning news viewer leader, by a mere 7,000 viewers; it also outdrew NBC’s Today (2.86 million) by 49,000 viewers.

CBS also bested ABC in A25-54 by +103,000; the sixth time CBS Mornings has led over Good Morning America this season based on the key demo.

This was not the first time a morning show benefited from a halo effect of what the network had aired the night prior. Mar. 8, 2021, was the first time CBS won in the morning. It was the day after Oprah Winfrey’s primetime interview with Meghan Markle and Prince Harry had aired which drew 17.1 million viewers for CBS. The Mar. 8, 2021 edition of CBS This Morning featured an exclusive interview with Winfrey and the premiere of never-before-seen clips from the Meghan and Prince Harry discussion, had delivered 4.793 million viewers with 1.026 million of them in the 25-54 demographic.

The program changed its title to CBS Mornings in September 2021.

For this 2023-24 season, CBS Mornings has the smallest deficit margin in viewers with ABC’s Good Morning America since the 2017-18 season and the tightest margin in A25-54 ever.

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