Everybody Wants Consolidation. Nobody Wants to Talk About the Hangover.
The FCC voted to eliminate the national television ownership cap. Broadcasters celebrated. Wall Street started doing math. And now Newsmax says it is preparing to sue. Welcome to the next chapter of local television. The FCC’s vote removed the long-standing 39% national audience-reach cap and replaced it with case-by-case review of broadcast transactions. Newsmax CEO
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