Maybe. But it's also very clear that CNN is dominated by antiwar appeasement types who hate the US and Israel and are OK with the Palestinians and the American Left.
They also knew, with Clinton taking office, that the last thing Slick Willie wanted was to be maneuvered into having to use American force in a meaningful way, ESPECIALLY after Mogadishu.
Consciously or subsconsciouly, their failure to accurately report events in Iraq helped Bill Clinton kick this can (and the terrorist can) eight years down the road.
It gets worse, IMHO. The New York Times, which had been in the lead on the TWA Flight 800 investigation, suddenly walked away from it and bought the government's lies about mechanical failure, when it's pretty darn clear that it was downed by a missile. NOBODY wanted to find terrorism, because it would have forced Bill Clinton to act, and could have (in 1996) jeopardized his precious reelection.