Cragmeyer's biography

Understandably far from encomiastic, the initial response to the revelation that crucial details of Cragmeyer’s autobiography had been knowingly fabricated has given way to intermittent obloquy, the press now only waving a finger at Cragmeyer whenever any major autobiography is in the offing.

What does the sentence and the bold phrase mean?

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It’s say to wave a finger at someone means to admonish that person. As for the rest of the sentence, which part do you have trouble understanding?

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@ TorstenEnglish Language Coach
What is the overall meaning of the sentence?

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