Oh man! This makes my teeth grind and my guts twist. I used to be a producer. The moment he says “Apparently we don’t have that story” was where the producer said in his earphone that they are dropping the story.
Live shots are hard because there are a lot of moving parts. As the producer, if there’s even a hint that the live shot won’t work, you drop the story to later in the broadcast.
So the producer probably dropped the story. Told the news reader, then the technical director(The person who runs the ‘board’) thought the live shot was ready to go. So they took the live shot. They realized they made a mistake then went right back to the news reader. Hence the ‘hilarious’ video we have here.
Someone is going to get chewed out. Probably the producer for sure. Possibly some of the technical people. ie Technical director or live shot operator.