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The FCC voted 2-1 to eliminate the national TV ownership cap, allowing broadcasters to merge and expand their reach. This decision may benefit companies like Nexstar, which is currently involved in a paused acquisition of Tegna due to an antitrust lawsuit. The vote has drawn criticism and is likely to face legal challenges from consumer advocacy groups.
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The FCC voted 2-1 to eliminate the national TV ownership cap, allowing broadcasters to merge and expand their reach. This decision may benefit companies like Nexstar, which is currently involved in a paused acquisition of Tegna due to an antitrust lawsuit. The vote has drawn criticism and is likely to face legal challenges from consumer advocacy groups.
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FCC votes to lift broadcast ownership cap
FCC votes to eliminate national TV ownership cap