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On Friday, ABC's Brian Ross reported that former National Security Advisor Michael Flynn would be testifying that he was directed by then-candidate Donald Trump to reach out to Russia during the campaign.

However, Ross made a serious mistake. Eight hours after his report had been released, ABC issued a “correction,” which stated that Flynn was “directed” to “make contact with the Russians during the transition,” not during the campaign.

During those eight hours that the incorrect report was out, the stock market dropped significantly, and the entire news cycle shifted to focus on Trump's involvement with Russia during his campaign.

Well now, Ross has received punishment for his incorrect report. In a statement released by ABC, it stated:

We deeply regret and apologize for the serious error we made yesterday. The reporting conveyed by Brian Ross during the special report had not been fully vetted through our editorial standards process. As a result of our continued reporting over the next several hours ultimately we determined the information was wrong and we corrected the mistake on air and online.

It is vital we get the story right and retain the trust we have built with our audience — these are our core principles. We fell far short of that yesterday. Effective immediately, Brian Ross will be suspended for four weeks without pay.

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