"Terrific job"

GE employee and NBC Universal head honcho responds to Jon Stewart's critique of CNBC.

Zucker, speaking at the McGraw-Hill Media Summit in New York on Wednesday, said that CNBC's reporters and commentators had done a "terrific" job and the network remained a "go-to" place for financial news.

"It's unfair to CNBC and to the business media in general," Zucker said. "I don't think you can blame what happened here on the business media."

The CEO of NBC Universal, which also owns the NBC broadcast network, cable channels like Bravo and USA, theme parks and a film studio, among other businesses, said the public was tired of hearing the media blamed for its coverage of financial news.

"Frankly, I already think you're seeing a backlash," he said.

Indeed.