Does the business media do a better job for you, the savvy investor, when there is a definite event and they must speculate on potential impact or when there is no event, just an attempt made at impact? There has been an interesting test of this question in the past day.The answer is that they pretty much screw everything up. So the Maven advises, as always, that when you take in what the best and brightest of the business media produces, keep your critical-thinking cap fastened tight. For the sake of practice, let's put these two developments beside each other, just for sport: Event One: Madison Square Garden, owned by Cablevision ( CVC), lost a high-profile and exceedingly sordid sexual harassment lawsuit yesterday. If winning a championship is public relations gold, this was public relations gruel. The revelations ranged between petty and putrid, and the business media got busy deciphering whether public perception or the $11.6 million in damages that will have to be paid might carry a future impact on the cable behemoth. Event Two: Meanwhile over at Countrywide ( CFC), the mortgage behemoth that has been falling in public perception due to the revelation of sordid loans, layoffs and some public presentations that ranged between petty and putrid, made a big hire of a public relations firm specializing in crisis management.