Time Warner Stocks Fall After Trump Labels CNN ‘Fake News’
Media conglomerate Time Warner, which owns CNN, saw its stocks fall Wednesday after President-elect Donald Trump labeled the outlet “fake news,” a CNBC reporter says.
— Carl Quintanilla (@carlquintanilla) January 11, 2017
According to CNBC reporter Carl Quintanilla, the shares took a noticeable dip during the president-elect’s first news conference moments after Trump refused to answer questions from CNN Senior White House Correspondent Jim Acosta.
“Your organization is terrible…” Trump said repeatedly. “I’m not going to give you a question. You are fake news.”