"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," the network said in a statement on Saturday. "Effective immediately, Brian Ross will be suspended for four weeks without pay."

Ross came under considerable fire on Friday after he erroneously reported on live television that then-candidate Donald Trump had instructed Michael Flynn to make contact with the Russians. In a correction seven hours later, the channel admitted that it was "President-elect" Trump who had made the request of Flynn — a pretty significant difference.

ABC issued a correction on Twitter and also updated their original article.