Stories

SaveSave story

Trump hates fake news, loves big media

Illustration: Sam Jayne / Axios

President Trump continues to publicly belittle big media organizations as "fake news," but in Washington, his administration's moves are a boon to big media companies. Telecom and technology companies are being deregulated while smaller media companies worry about their ability to survive.

Why it matters: On the campaign trail, populist Candidate Trump vowed to "break up the new media conglomerate oligopolies" and to shut down the biggest media deal of the year. But President Trump's administration has actually encouraged consolidation as part of its deregulatory blitz.