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NBC is increasing its reliance on its financial news cable channel CNBC for business reporting. CNBC's Phil LeBeau assessed the likelihood of a General Motors buyout of the money-losing Chrysler as "a little premature…a sizable and probably very troublesome deal for General Motors." CNBC's Diana Olick offered an update on the latest statistics in the housing market. The slowdown in construction is "causing a ripple effect for those who dig the holes in the ground and those who sell supplies to builders."
CBS also covered the struggles of the housing market. Anthony Mason offered free publicity to an anxious architect in Atlanta, who is offering to sell a couple of investment properties at a loss. "We may not have hit bottom yet," Mason warned about prices in general. And Kelly Cobiella took a tour of a bay view condominium apartment that is taking five months to sell in Miami. This seller's gimmick is an offer to pre-pay a year's maintenance fees, a $12,000 incentive.
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