FCC SCRAPS DECADES-OLD TV OWNERSHIP CAP

FCC Chairman Brendan Carr led the effort to eliminate the cap in favor of a case-by-case review process. The decision marks a significant shift in broadcast ownership rules that have been in place since the early 2000s. The cap previously restricted broadcasters from reaching more than 39% of U.S. television households. The new approach allows regulators to evaluate ownership consolidation on an individual basis rather than applying a blanket restriction. The repeal is expected to face legal challenges. Consumer advocacy groups and some Democratic lawmakers have opposed the move, arguing it could lead to excessive media consolidation and reduce local news coverage. Broadcasters have long sought relief from the ownership cap, contending it limits their competitiveness and revenue potential in an increasingly digital media landscape. The FCC's action clears the path for potential merger activity in the broadcasting sector.