President Trump on Monday seized on news that an activist investor group has a stake in AT&T to slam CNN, tweeting that the news network is “bad for the USA.”
“Great news that an activist investor is now involved with AT&T. As the owner of VERY LOW RATINGS @CNN, perhaps they will now put a stop to all of the Fake News emanating from its non-credible ‘anchors,’ ” Trump tweeted.
“Also, I hear that, because of its bad ratings, it is losing a fortune. But most importantly, @CNN is bad for the USA,” he continued. “Their International Division spews bad information & Fake News all over the globe.”
Trump also repeated his claim that foreign leaders often ask him why the U.S. media hates the country, an assertion he made during the Group of Seven summit last month. Foreign leaders have not publicly made similar comments, nor have they confirmed raising those concerns privately to Trump.
The president’s tweets came as part of a series of morning social media missives blasting news organizations and complaining that he does not receive proper credit for his administration’s accomplishments.
CNN spokesman Matt Dornic later tweeted that CNN “is having its most profitable year in history.”
AT&T stocks jumped Monday on Elliott Management’s announcement that it has a $3.2 billion share in the company, which owns CNN after a merger with Time Warner. The hedge fund is run by Paul Singer, who supported Sen. Marco Rubio (R-Fla.) in the 2016 election but later contributed to Trump’s inauguration.
CNBC reported that Elliott Management wrote a letter to AT&T’s board arguing for certain changes to the company’s business model. The group raised concerns about AT&T’s merger with Time Warner, questioning the rationale behind the move.
Trump came under scrutiny after it was reported that he pressured his top economic adviser to urge the Department of Justice to block the $85 billion merger because of his longtime feud with CNN.