On Thursday morning, both CNN and Fox News announced the wrong news when, in a rush to be the first to break the story, they reported that the Supreme Court had struck down the Affordable Care Act.

On Thursday night’s episode of “The Colbert Report,” host Stephen Colbert took cable news networks to task for jumping the gun and announcing incorrect news.

“The individual mandate has been struck down,” stated Fox anchor Stuart Varney. “The individual mandate has. Been. Struck. Down.”

“No. It. Has. Not,” Colbert replied. “You. Suck. At. News.”

See the clip below.

(via Rawstory)