‘What Do They Want, a Cookie?’ CNN Didn’t DECIDE to Retract the Fake Russia Story, They Were FORCED ToPosted: June 28, 2017
CNN faced $100M lawsuit over botched Russia story
Emily Smith reports: The specter of a $100 million libel suit scared CNN into retracting a poorly reported story that slimed an ally of President Trump’s — and forcing out the staffers responsible for it, The Post has learned.
The cable network’s coverage of Trump transition team member Anthony Scaramucci came amid federal scrutiny of corporate parent Time Warner’s pending purchase by AT&T — and the widespread belief among media execs that CNN President Jeff Zucker can’t survive a merger.
CNN immediately caved after Scaramucci, a financier and frequent network guest, cried foul and threatened to take legal action, sources said Tuesday.
— Mark Krikorian (@MarkSKrikorian) June 28, 2017
Scaramucci got an unusual public apology but still hired a top Manhattan lawyer to put further pressure on CNN and “look after [his] interests in this matter,” one source said.
“They called them in and said they’d pay out their contracts, but they should leave immediately,” one source said.
Zucker was afraid of facing a high-profile suit from Scaramucci while the US Justice Department weighs the proposed $85.4 billion media merger.
Meanwhile, a CNN insider said staffers are furious at “having lost the moral high ground because of this story.” Sources said Zucker tried to rally his staff during a Tuesday morning conference call.
“Zucker stressed that this issue was a ‘lapse in editorial standards’ and said it was a lesson to all reporters and editors to continue to strive for strong, accurate reporting,” a source said.
“It’s not just Jeff Zucker, all Time Warner executives are anxious about if they will survive the merger,” a media source said Tuesday … (read more)
Source: New York Post