TRUMP: Reports that I will have a role on The Apprentice are 'fake news'

President-elect Donald Trump said on Saturday that he will have no role on "The Apprentice" as commander-in-chief, one day after a top adviser defended his role on the show.

Trump tweeted, "Reports by @CNN that I will be working on The Apprentice during my Presidency, even part time, are rediculous (sp.) & untrue - FAKE NEWS!" He said his only relationship with the show was that he conceived it and had a big stake.

Variety reported Thursday that MGM, the production studio behind the show, said Trump willremain an executive producer on the show that made him famous for a per-episode salary in the low five figures. This role would not require him to be nearly as actively involved as he would be if he were a presenter, for example. Trump gets a cut of the show's profits.

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Donald Trump with 'The Apprentice' creator Mark Burnett
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Donald Trump with 'The Apprentice' creator Mark Burnett
Donald Trump and Mark Burnett during NBC 2003-2004 Upfront at The Metropolitan Opera House lincoln Center in New York City, New York USA. (Photo by Jim Spellman/WireImage)
New York real estate mogul Donald Trump (L) and TV producer Mark Burnett talk to reporters, April 8, 2003 in New York City. Burnett is producing a new reality TV show for NBC called, 'The Apprentice,' where the winner will win a six-figure apprenticeship within the Trump Organization. (Photo by Jeff Christensen/WireImage)
Donald Trump, Clive Davis and Mark Burnett during Wyclef Jean Listening Party for His New Album 'The Preachers Son' at Hudson Theater in New York City, New York, United States. (Photo by L. Busacca/WireImage)
LOS ANGELES - JULY 10: Executive Producers of 'The Apprentice' Donald Trump (L) and Mark Burnett speak with the press at the 2004 TCA Summer Press Tour at the Century Plaza Hotel on June 10, 2004 in Los Angeles, California. (Photo by Frederick M. Brown)
LOS ANGELES - JULY 10: (L to R) Executive Producers Donald Trump, Mark Burnett, Vice Presidents of the Trump Organization George H. Ross and Carolyn Kepcher of 'The Apprentice' speak with the press at the 2004 TCA Summer Press Tour at the Century Plaza Hotel on June 10, 2004 in Los Angeles, California. (Photo by Frederick M. Brown/Getty Images)
LOS ANGELES - SEPTEMBER 19: Producers Mark Burnett and Donald Trump attend the 56th Annual Primetime Emmy Awards on September 19, 2004 at the Shrine Auditorium, in Los Angeles, California. (Photo by Kevin Winter/Getty Images)
Roma Downey, Mark Burnett, Donald Trump and Melania Knauss with guests (Photo by Jon Kopaloff/FilmMagic)
Donald Trump, Billy Bush and Mark Burnett (Photo by Mark Sullivan/WireImage)
BEVERLY HILLS, CA - SEPTEMBER 20: (L-R) Creator/Executive Producer Mark Burnett, Mr. Trump's fiancee Melania Knauss, and businessman Donald Trump attend the Museum of Television and Radio presents 'The Apprentice' at the Museum of Television and Radio on September 20, 2004 in Beverly Hills, California. (Photo by Stephen Shugerman/Getty Images)
Group portrait of, from left, American boxing promoter Don King, businessman Donald Trump, and television producer Mark Burnett as they pose together at the Mar-a-Lago estate, Palm Beach, Florida, 2005. (Photo by Davidoff Studios/Getty Images)
Donald Trump and Mark Burnett during 'The Apprentice' Finale- Arrivals at California Mart in Los Angeles, California, United States. (Photo by Jon Kopaloff/FilmMagic)
Donald Trump and Mark Burnett during Donald Trump Recruiting Search for the Next 'Apprentice' at Universal Studios Hollywood at Universal Studios in Los Angeles, California, United States. (Photo by L. Cohen/WireImage)
Donald Trump and Mark Burnett during Donald Trump Honored With a Star on the Hollywood Walk of Fame at 6801 Hollywood Blvd. in front of Hollywood and Highland in Hollywood, California, United States. (Photo by M. Tran/FilmMagic)
NEW YORK - SEPTEMBER 13: (L-R) Moderator Erin Burnett, Donald Trump Jr., Donald Trump, producer Mark Burnett and Ivanka Trump attend the Paley Center for Media's presentation of 'The Apprentice' on September 13, 2010 in New York City. (Photo by Steven A Henry/WireImage)
Donald Trump and Mark Burnett (Photo by Mathew Imaging/FilmMagic)
TODAY -- Pictured: (l-r) Mark Burnett and Donald Trump appear on NBC News' 'Today' show -- Photo by: Peter Kramer/NBC/NBC NewsWire
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On Friday, Kellyanne Conway said Trump had a right to do other things in his spare time, but did not confirm whether the president-elect would have a role on the show.

"The fact is that he is conferring with all types of experts to tell him what he is allowed to do and not to do as the president of the United States, and if this is one of the approved activities, then perhaps he'll consider staying on," Conway told CNN.

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