Breitbart reportedly planning multi-million dollar lawsuit against a 'major media company

Breitbart News is reportedly planning to sue a "major media company" for referring to the alt-right website as a white nationalist organization.

Breitbart was formerly run by Steve Bannon, who President-elect Donald Trump named as a co-equal adviser to newly appointed White House chief of staff Reince Priebus. Bannon previously served as the Trump campaign's CEO.

The website said in a statement provided to the Hill on Tuesday that the "multi-million dollar lawsuit" takes aim at the unnamed media outlet's "baseless and defamatory claim that Breitbart News is a 'white nationalist website.'"

Breitbart News cannot allow such vicious racial lies to go unchallenged, especially by cynical, politically-motivated competitors seeking to diminish its 42 million monthly readers and its number one in the world political Facebook page. Breitbart News rejects racism in all its varied and ugly forms. Always has, always will.

The diversity of the company’s news coverage and its staff continue to embody Andrew Breitbart’s colorblind, distinctly American commitment to ‘E pluribus unum’ — out of many, one.

Breitbart did not say which media outlet it reportedly plans to take legal action against or when it plans to file suit.