CNN refuses ad critical of insurance industry

Raw Story reporter John Byrne writes:

At least they don’t call themselves “Fair and Balanced.”

Days off refusing to run an ad spot criticizing its evening host Lou Dobbs, the cable network has now refused to run an ad criticizing a top health insurance executive who recently retired with a package worth some $70 million and was paid $12.2 million in total compensation last year (More details of Hanway’s salary and compensation package are available at Forbes).

Why?

The ad “unnecessarily” “singles” out an individual company and person by name.

According to Washington Post Company blogger Greg Sargent, CNN wrote the labor-backed group Americans United for Change that, “This ad does not comply with our clearance guidelines because it unnecessarily singles out an individual company and person.”

The ad claims that, on average, Cigna CEO H. Edward Hanway makes $5,883 an hour.

MSNBC, meanwhile, has said they’ll run the ad. The spot follows below.

Read on.