Having suffered a massive backlash from their attempt to downplay a fraudulent story with a "clarification," ABC News has upgraded their contrition to a "serious error" and suspended the veteran reporter Brian Ross who wrote the story.
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.
While it might be nice for Ross to have a month off over the Christmas holidays, many are asking for refunds in their brokerage accounts from the market's reaction to his "serious error."
via http://ift.tt/2AFsvNI Tyler Durden