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Investing.com-- U.S. President Donald Trump on Sunday evening lashed out against news networks ABC and NBC and called on the FCC (BME:FCC) to revoke their broadcast licenses over allegedly biased coverage against him.
Trump in a Truth.Social post called ABC and NBC “FAKE NEWS… two of the worst and most biased networks in history,” claiming that they gave him “97% bad stories.”
“THEY ARE SIMPLY AN ARM OF THE DEMOCRAT PARTY AND SHOULD, ACCORDING TO MANY, HAVE THEIR LICENSES REVOKED BY THE FCC,” Trump said.
Trump claimed that the two networks did not pay “Millions of Dollars a year in LICENSE FEES,” and should “at a minimum, pay up BIG for having the privilege of using the most valuable airwaves anywhere at anytime!!!”
Trump has constantly railed against news networks which he claim display him in a bad light, and has also engaged in high-profile legal disputes over the matter.
The U.S. President recently signed a $16 million settlement with CBS News over a lawsuit alleging the network’s coverage was biased against him. He had earlier also reached a $15 million defamation settlement with ABC.
But Trump’s call for the Federal Communications Commission to reconsider broadcasting licenses marks an escalation in his criticism of news networks, although it’s unclear whether the president has any legal authority to pursue such an action.
ABC belongs to Walt Disney Company (NYSE:DIS), while NBC is a unit of Comcast Corp (NASDAQ:CMCSA).