Jon Stewart Trashes CNN Again & Again on 'Larry King Live'; Questions Rick Sanchez Firing

(10/20/10) During an appearance on "Larry King Live," Jon Stewart remarks that he thinks that Fox News is: "brilliantly authoritative. They know what they're doing. People would take well to heed how tenacious they are, how bold they are. They express editorial authority."

Furthermore, "I think they're wrong. But I appreciate that they're trying. And, you know, I don't think it's a right and left thing. I don't think that's what's going to be important. I think CNN has a -- an opportunity to be a real arbiter. But being a real arbiter means taking a stand, not just having people on -- you're on the left, you're on the right...both terrific points of view. You know? It's about being authoritative, about earning credibility. CNN, more than anybody, has the infrastructure to be able to accomplish that."

In regards to Fox News: "I think they're tenacious. I think they are confident. And they are -- they are showing the model of how to build an organization that believes in something. I think what they -- I think it is wrong-headed for a news organization. I think they've built an incredible political organization, really effective political organization."

On another note, Stewart denies he was the reason Crossfire was canceled during the time Tucker Carlson represented the Right on the show: "I became an easy excuse for people up top who wanted to get rid of a show that was sort of low ranked."

Video: CNN's "Larry King Live"