You are correct. CNN did themselves irrepairable damage by issuing what amounts to a confession of journalistic deceit.
So, ask yourself, "Why did they do it?" Eason Jordan is, himself, an Executive VP. His mea culpa had to be approved at the very top. These are not stupid people. Arrogant, perhaps, but not stupid.
They are obviously engaged in damage control -- via the Clintonian device of releasing dirt on themselves before somebody else digs it up.
If they felt the need to take this hit, there is an even bigger one somewhere out there that they are absolutely desperate to avoid.
There is Cuba, of course. There is also China...