Does Limbaugh Have a Libel Suit Against CNN?

CNN (among other news outlets) attributed racially inflammatory quotes to Rush Limbaugh that the talk radio host never said.  These quotes fanned the flames of opposition to his participation in a bid to purchase the St. Louis Rams, and Limbaugh was subsequently dropped from the group of prospective owners.  CNN’s Rick Sanchez has apologized and, perhaps legally relevant, confirms that CNN made no effort to confirm the quotes attributed to Limbaugh.  Is this sufficient to establish “reckless disregard” for a libel suit?

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