VIDEO: Jon Stewart tears CNN apart for Obamacare blunder

CNN trades eight seconds of "first" for seven minutes of "wrong".

Jon Stewart is always excoriating about the incentives on cable news, from the desire for spectacle to the worship of the graven idol of "balance". But when a competition to be the first to report on Obamacare - beating Fox News by just eight seconds – led to CNN reporting the wrong news for a full seven minutes, they really were asking for it.

And if you're wondering how CNN messed up so bad, the answer is here.

Jon Stewart poses with some of the producers from CNN responsible for the mistake. Photographs: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.