Shares in Comcast (CMCSA) slipped after President Donald Trump raised the possibility of stripping broadcaster NBC, his former network, of its license following a report that he mulled a massive increase in the nation’s nuclear arsenal.
NBC early Wednesday reported Trump queried U.S. military officials over the possibility of increasing the nation’s nuclear weapons stockpile by tenfold during a summer meeting.
Trump called the report “pure fiction” on Twitter. Trump also tweeted: “With all of the Fake News coming out of NBC and the Networks, at what point is it appropriate to challenge their License?”
Trump starred on the NBC reality show “The Apprentice” for several years before making his successful presidential bid in 2016.
Comcast was down nearly 1% to 37.31 in late trading on the stock market today.
Trump has previously feuded with cable channel CNN, operated by Time Warner (TWX), over its political coverage. AT&T is seeking Trump administration approval to buy Time Warner. In August, Trump criticized Amazon.com (AMZN), whose founder and chief executive, Jeff Bezos, owns the Washington Post.
Details to follow.
Trump NBC Attack Follows Criticism Of Time Warner’s CNN, Amazon – Investor’s Business Daily