Donald Trump has increased his “fake news” attacks on ABC and NBC as the FCC investigates lifting the Reagan-era cap on how many TV stations one company can own.

On Sunday, the president shared an article that MAGA-friendly media organization Newsmax originally posted last Wednesday.

In the report, Newsmax CEO Christopher Ruddy used his own network last Tuesday to warn that the FCC, under Trump-appointed Brendan Carr, was empowering the major TV networks to expand their reach which could have political consequences.

Currently, no company is allowed to own enough stations to reach more than 39 percent of U.S. households. Since June, the FCC under Carr has been revising whether to keep, increase, or eliminate the TV ownership cap initially established by President Ronald Reagan.

The 2004

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