FCC Reviewing Broadcast TV Rules Amid Streaming Competition
The FCC, led by Chair Brendan Carr, is reviewing broadcast television rules to bolster the sector amidst streaming competition. The lone Democrat on the FCC has proposed modifications to safeguard broadcast TV and maintain public interest. These changes could significantly impact the broadcasting industry, potentially leading to mergers and influencing late-night shows on CBS News.
Streaming services have posed a threat to broadcast television, leading to a decline in viewership and advertising revenue. To combat this, the FCC is considering consolidating broadcast TV, which may involve merging major networks. Nexstar, for instance, has expressed interest in acquiring Tegna to combine with one of the 'Big Four' networks (NBC, ABC, Fox, or CBS).
The FCC will scrutinise the broader media landscape and adjust or abolish rules that no longer serve the public. This includes revisiting regulations that limit ownership of multiple TV and radio stations in the same market, and potentially lifting the ban on mergers between the largest broadcast networks. The commission has invited public comments on these proposed changes before making a final decision.
The FCC's review of broadcast television rules could reshape the broadcasting industry. Potential mergers and consolidation may follow, impacting both local and national programming, including late-night shows on CBS News. The public has the opportunity to weigh in on these changes before the FCC finalises its decisions. However, the FCC's operations have been temporarily suspended due to the government shutdown, with 81 percent of its staff furloughed.
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