FCC KILLS TV OWNERSHIP CAPS IN LEGALLY QUESTIONABLE MOVE

The FCC voted to remove caps on how many TV stations a single company can own in local markets, a decision that benefits major broadcasters like Nexstar Media Group and Sinclair Broadcast Group. The agency claims regulatory authority to modify the ownership restrictions, which were established by Congress. However, advocates and legal analysts argue the FCC may lack the power to unilaterally eliminate congressionally-mandated rules. The change allows larger media companies to consolidate local station ownership, potentially reducing the number of independent news operations in individual markets. Advocacy groups warn the move could benefit "Trump-aligned billionaires" seeking to expand media influence. The decision faces potential legal challenges regarding the FCC's jurisdictional authority and compliance with congressional intent. Nexstar and Sinclair have already indicated interest in using relaxed rules to pursue acquisitions.