The Real Reason CNN Retracted the Trump-Russia Story

CNN would like us to believe that the network yanked a hit piece on Trump last week because the story didn’t ‘meet editorial standards’.

After execs issued an apology with promises to better scrutinize stories, it was revealed that three staffers responsible for the story were forced to resign.

And then the truth came out: CNN was forced to issue the retraction and apology because they were facing a 9-figure lawsuit for defamation from Anthony Scaramucci, who was named in the story.

But the lost credibility could still cost them either way as the network limps through a merger deal between parent company Time Warner and AT&T.

Here’s more from the NY Post…

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.

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.

Sources also said the three journalists responsible for the retracted story — reporter Tom Frank, editor Eric Lichtblau and Lex Haris, who headed the CNN Investigates unit — were urged to resign.

“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.

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