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FCC vote on ownership cap coincides with broadcast-related financial earnings releases
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TheDesk.net
Nexstar Media Group, the E. W. Scripps Company and Fox Corporation are scheduled to disclose their financial earnings a short time before the FCC’s three-member commission votes on the broadcast ownership rule.
That includes the broadcast ownership cap, which prevents an individual company from holding direct ownership of a group of licensed TV stations that reach more than 39 percent of the American viewing audience.
Nothing required the FCC to place the broadcast ownership matter on its August agenda, and it isn’t clear why Carr did so.
The NAB also complained that unregulated tech companies were siphoning much-needed advertising dollars away from local TV and radio, necessitating the need for local broadcasters to scale their operations through consolidation.
Some question whether the FCC has the authority to eliminate the broadcast ownership cap entirely, as the agency will do next month.