The Federal Communications Commission signaled it will vote on Aug. 6 to repeal the longstanding cap on ownership of TV stations, replacing a limit that keeps owners from controlling stations in more than 39% of markets with a case-by-case review of transactions that might come before regulators.
âToday, national programmers can distribute their programming to 100 percent of the country â either through their own streaming services or through deals they cut with nationwide âvirtual cable companies,â like YouTube TV. The cap no longer constrains their control over distribution in this respect,â FCC Chairman Brendan Carr wrote in an op-ed published by Brietbart. âNor does the cap limit other players in todayâs media market. Cable channels like MS NOW can reach 100 percent of the country. Social media sites from Bluesky to X can reach 100 percent of the country. Netflix can reach 100 percent too. Same with podcasts and all other forms of digital content.â
A decision by the FCC to eliminate the cap might have immediate consequences. Nexstar, one of the largest owners of TV stations in the U.S., has been barred by a federal court from completing its recent acquisition of Tegna, a smaller TV station owner, on the grounds that the transaction would give Nexstar too much control over local TV properties across the country. Nexstar also owns national outlets like the CW broadcast network and the NewsNation cable-news outlet.
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