On Friday, Brian Ross of ABC News reported that former National Security Advisor Michael Flynn was prepared to testify that he was directed by then-candidate Donald Trump to get in contact with the Russians.
It turned out that this report wasn't exactly accurate as ABC followed up with a “clarification” saying that Flynn was actually “directed” to “make contact with the Russians during the transition,” not during the campaign.
However, the original report was up for hours and had a lasting effect. It dominated the news cycle and caused the stock market to have a sharp decline.
— Oliver Darcy (@oliverdarcy) December 1, 2017
ABC News suspended Ross for four weeks without pay and said:
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.
Well now, Trump is firing back at the network and is encouraging those who have lost money to sue the network:
People who lost money when the Stock Market went down 350 points based on the False and Dishonest reporting of Brian Ross of @ABC News (he has been suspended), should consider hiring a lawyer and suing ABC for the damages this bad reporting has caused - many millions of dollars!
— Donald J. Trump (@realDonaldTrump) December 3, 2017