The 71-year-old said he would be handing out his "dishonest media" awards in various "fake media" categories, ranging from "dishonest" to "bad reporting". "Or, as we call them in the business, the Fakies".
The president first announced the awards on Jan 2 but scant details were released from the White House on how exactly the process would work.
Then later in the evening, Fox News announced some news stories of other networks that were found inaccurate afterward. The bad news is he's itching to start a nuclear war.
Trump had promised to hold the mock awards show to castigate mainstream news organizations for their coverage of his presidency.
"That's why President Trump is crowning the 2017 KING OF FAKE NEWS before the end of the year".
Noting that Americans were "sick and exhausted of being lied to, insulted, and treated with outright condescension", the Trump Campaign said, "That's why President Trump is crowning the 2017 KING OF FAKE NEWS before the end of the year".
Now as per Trump there is competition between three news outlets for the title "King of Fame news".
"ABC News "MISTAKENLY" reported that candidate Trump directed Michael Flynn to make contact with Russian officials before the election", it said.
Bannon apologized on Sunday for not responding sooner, calling Donald Trump Jr.