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Ownership Cap

All articles tagged with #ownership cap

business1 month ago•16 min saved

Sinclair Bets on Deregulated TV Landscape Amid FCC Ownership-Cap Move

Sinclair CEO Chris Ripley said he couldn’t be happier about the FCC’s expected repeal of the 39% local TV ownership cap, arguing the deregulation will reduce risk and unlock large-scale M&A in a changing media landscape. The move could influence Nexstar’s Tegna case and broader consolidation efforts, though legal challenges are anticipated. On the earnings front, Sinclair reported Q2 revenue of $840 million, up 7% year over year, but a net loss of $1.06 per share, with revenue beating forecasts but earnings missing expectations. Ripley signaled ongoing dealmaking ambitions beyond Scripps, viewing cap removal as a catalyst for future transactions despite regulatory hurdles.

via Deadline|

#broadcasting #business #fcc

politics1 month ago•2 min saved

FCC moves to lift cap on broadcast ownership, reshaping national airwaves

The Federal Communications Commission plans a vote to end the 39% national cap on owning broadcast stations, a move championed by Chair Brendan Carr who argues streaming has rendered the rule obsolete; opponents warn it could harm local journalism and note that only Congress can change the cap, even as the commission has used a one-time waiver to push a Nexstar-Tegna merger, which faces legal challenges.

via The Verge|

#broadcasting #fcc #local-journalism

technology1 month ago•7 min saved

FCC moves to scrap 39% TV cap, reshaping the local-news landscape

The FCC plans to repeal the 39% national TV ownership cap and replace it with case-by-case merger reviews, a move supporters say would modernize rules and critics say would bypass Congress and tilt coverage toward large groups (notably Nexstar/Tegna) and pro‑Trump outlets; Democrats call it unlawful and likely to trigger lawsuits, with a scheduled August 6 vote and ongoing debates over authority, past waivers, and the impact on local journalism.

via Ars Technica|

#fcc #media-consolidation #nexstar

politics1 month ago•17 min saved

FCC Aims to Replace National Broadcast Ownership Cap With Case-By-Case Review

FCC Chairman Brendan Carr proposes repealing the national 39% broadcast ownership cap and replacing it with a case-by-case review to boost local reporting; a vote is scheduled for August 6. The move has support from NAB but faces opposition from Democrats and critics who argue only Congress can lift the cap and that the plan could affect Nexstar’s Tegna acquisition.

via Deadline|

#brendan-carr #case-by-case-review #fcc

business1 month ago•17 min saved

FCC Eyes End to National TV Ownership Cap, Shifting to Case-by-Case Review

The FCC plans a Aug. 6 vote to repeal the longstanding 39% cap on national TV ownership and replace it with case-by-case scrutiny of deals. Chair Brendan Carr argues the cap is outdated in a media landscape where content is widely distributed online; Nexstar backs the move, while NAB praises the proposal. The agency stresses that removing the cap does not automatically approve deals that would exceed it—some could be denied if not in the public interest. The shift could shift leverage toward large broadcast owners in a converged media market, even as Nexstar faces court-ordered constraints on its Tegna acquisition.

via Variety|

#business #fcc #media-regulation