Amy Menefee

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."