With the federal cap on local TV station ownership nearing its end, Sinclair CEO Chris Ripley said he “couldn’t be happier” to see a long-sought industry goal accomplished. That limit has increasingly frustrated local TV station owners, who argue it is irrelevant in a pre-streaming age. Brendan Carr, the Donald Trump appointee who chairs the agency, has long railed against the cap. Ripley and other execs intend to pursue other deals as the broadcast sector contends with cord-cutting and ongoing shifts in viewer habit. “It is very significant to change this rule,” Ripley added of the cap, “as we look at large scale M&A, which is a major objective for us.