It was Trump's method of battling an extraordinary report that US intelligence officials have presented both Trump and President Barack Obama with unverified allegations that Russia has compromising information on the incoming 45th president, the Politico reported.
"With three of his grown-up children, Vice President-elect Mike Pence, and members of his senior staff looking on from the sides, Trump framed the anticipated barrage of questions about his connections to the Russians as a referendum, instead, on the untrustworthy media, seated in seven rows of plastic folding chairs in front of him," the report said.
"It's very familiar territory, news conferences," said Trump as he took the podium.
"We stopped giving them because we're getting quite a bit of inaccurate news," he said, before calling Buzzfeed, the website that published the full 35-page unverified dossier of allegations against Trump, a "failing pile of garbage".
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"Fake news" became the running theme of the hour-long press conference, which peaked with Trump refusing to take a question from CNN reporter Jim Acosta and yelling at him, "I'm not going to give you a question. You're fake news."
And they cheered again when Trump jeered sarcastically at a reporter who asked if he planned to release his tax returns, the report said.
"Oh gee", the President-elect said, employing a verbal eye roll, "I've never heard that before. The only ones who care about my tax returns are the reporters. I became president.