However, Kathleen Culver, director of the Center for Journalism Ethics at the University of Wisconsin-Madison, said that while “this would clearly be a conflict of interest for a business or financial reporter, I doubt Kudlow’s audience views him as that and I don’t recall his laying claim to being a journalist.” She added that Kudlow is clearly a “commentator and is being transparent with his audience about an entanglement that could be seen as a conflict.”