Industry News

The FCC on Thursday voted on party lines to erase the 22 1/2-year old 39% national TV ownership reach cap put in place by Congress. What would the FCC do should the agency be taken to court for its party-line decision? Chairman Brendan Carr is ready for whatever challenges are forthcoming. 

The society announced results of its annual elections

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With great anticipation and little surprise, the Republican-led FCC on Thursday approved a Report and Order that removes a Congressionally mandated 39% local television ownership national reach cap, replacing it with a case-by-case look at whether going beyond that limit is in the public interest.

The broadcast of "a remarkable FIFA Men's World Cup" helped tilt the scales for Fox Corporation in the fourth quarter of fiscal 2026, as the launch of direct-to-consumer streaming platform FOX One also paid dividends for the company led by CEO Lachlan Murdoch.

Strong political ad performance. Incremental ad dollars from 2026 FIFA World Cup coverage across the company's FOX affiliates. Streaming-related ad dollars in "legacy" Nexstar markets are on the rise. Those are the key reasons why Nexstar Media Group had a "record" second quarter, with TEGNA financials woven in to the results.

AI is transforming the content search and discovery experience, but an ungrounded large language model (LLM) can only answer based on its training data. This, says Gracenote, limits its ability to stay current. In the world of TV, this limitation can have a negative impact on the user experience.

How did the company's Radio stations perform, as CEO Bill Wilson has stated it is Townsquare Media's digital revenue streams that are its growth engines? Radio is now the No. 2 dollar generator for Townsquare, which swung to a net loss due to a large non-cash impairment charge it opted to take against its broadcast properties.

The Commission says this marks "a significant milestone in the successful conclusion of the first-ever spectrum Incentive Auction." Furthermore, the FCC notes, "The return of these funds reflects the FCC’s commitment to fiscal responsibility, efficient program administration, and reducing the national deficit."

A 13kw Class B FM reaching Pittsburgh from the northwest and parts of Youngstown, Ohio, is being sold by the radio licensee led by Lynn Deppen. The buyer is a non-secular licensee that will use the property and an FM translator serving Pittsburgh from atop Spring Hill to spread the word of Jesus Christ.

Nearly two years of union negotiations between the owner of the ABC, CBS and FOX network affiliates serving California's Central Coast and the International Alliance of Theatrical Stage Employees (IATSE) have failed to reach a resolution, leading IATSE Members to strike across Wednesday.