FCC Removes Key Limit On Media Ownership, Raising Potential For Major Consolidation Of Broadcast TV Stations

The FCC voted 2-1 on Thursday to repeal a key national broadcast ownership cap. This decision removes the restriction that previously prevented media companies from owning stations reaching more than 39% of TV households. By eliminating this constraint, the FCC has increased the potential for major consolidation among broadcast TV stations. This regulatory shift occurs while the $6.2 billion Nexstar-Tegna merger continues to remain stuck in legal limbo, potentially altering the landscape of media ownership.