[Update, 3 pm Eastern: Video and audio clips added.]

CNN glowingly featured an entire segment on Thursday’s American Morning about Wendell Potter, a former chief corporate spokesman for the health insurance company Cigna, and he attempted to discredit conservative ad campaigns against health “reform” proposals as “outright lies.” But reporter Jim Acosta left out his current ideological employment: since May, Potter has worked as a senior fellow on health care for the Center for Media and Democracy, the brainchild of John Stauber, the co-author of  “Banana Republicans: How the Right Wing is Turning America Into a One-Party State,” and a unpaid advisor to the anti-war group Iraq Veterans Against the War [audio clip from segment available here].

Acosta’s segment, which aired at the end of the 7 am Eastern hour of the CNN program, featured four extended clips from Potter, and introduced the former Cigna spokesman as a “health insurance company insider...[who] has stepped forward to warn the public about the industry’s practices, and some of those ads shaping the debate.” After a short introduction of his subject, Acosta began by playing the first clip of Potter from a recent Senate hearing, where Democratic Senator Jay Rockefeller compared him to Russell Crowe’s character in the tobacco-industry-expose movie “The Insider.”

The network news outlets - ABC, CBS and NBC - have missed a great opportunity to cover actual political news in the last week by failing to report on the loan scandal surrounding two Democratic senators, Business & Media Institute Managing Editor Amy Menefee told "Fox & Friends Weekend" June 21.

"This story has everything," Menefee said. "It has a former presidential candidate, Chris Dodd. It has two senators who are getting, like you said, sweetheart loans. It has Kent Conrad, another senator, who called the CEO of the lender to get his loan, which is not what we normally do, and then said, ‘Oh, I didn't get any preferential treatment and I didn't do anything wrong, but I'm going to give a charitable donation to remedy the fact that I didn't do anything wrong.'"

Menefee said it was "very sad" that the networks failed to report the scandal - not just because they refused to go after two Democrats, but because they missed an opportunity to expose the bailout plan Dodd has been defending.

Business & Media Institute Managing Editor Amy Menefee appeared on "Fox & Friends" on April 2 to discuss the media's involvement in sparking recession fears.

Rescuing viewers from "solid recession talk," Menefee said that specifically network news reports already "have gone far beyond recession, they are already concerned about a depression."

"They're not tell-they're not allowing people on the networks to say ‘Hey, let's get this in perspective right now,' as you said we haven't had a quarter of negative growth yet."

In a verbal tussle with Fox Business Network host Liz Claman January 24, Business & Media Institute Managing Editor Amy Menefee explained that conservatives are just looking for some balance from the media.

"You get upset when the media is skeptical about certain things and you say that that's un-American," Claman said. "Yet when we're not skeptical you're saying now, ‘Why aren't you skeptical?' Which is it?"

"Well from our perspective ... we just want to hear all the economic sides that are out there which means economists who are talking about, you know, other opportunities, other options," Menefee said about the media coverage of the economic stimulus package. "And there are plenty of economists out there right now who are saying this is not going to do much good."