JOURNAL ARTICLE

FCC's Simington Seeks to Cap TV Networks' Share of Local Revenue.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Griffis, Kelcee 3 of 3

Abstract

Nathan Simington, a Republican member of the Federal Communications Commission, has proposed capping the share of revenue that TV networks can collect from local stations to rein in corporate media monopolies. His aim is to protect local journalism and limit funding sources for national networks like CBS. This proposal could impact major networks like ABC, NBC, CBS, and Fox, while potentially benefiting station owners such as Sinclair Inc. and Nexstar Media Group Inc. FCC Chairman Brendan Carr has also expressed concerns about the issue, emphasizing the importance of supporting local broadcasters who understand their communities' perspectives better than national networks. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/05, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:184875209
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