Timhanlon

I now own the budget airlines so they can’t go bankrupt 🥰

This is a great deal for both sides — the CW Network gets exposure through a legacy TV brand at a time when it is trying to build up its own business, and ESPN gets more sports to boost the value proposition of ESPN Unlimited. Win-win. $DIS $NXST

The National Association of Broadcasters, which lobbies the government on behalf of big and small TV station owners, just issued a statement that suggests the trade group wants to present a united front amid FCC pressure against Disney: "The FCC’s broadcast license renewal process must be grounded in predictability, fairness and transparency, principles reflected in the license terms Congress established and later extended. The Media Bureau’s nearly unprecedented request for one company to quickly reapply for all of its licenses – rather than utilize its traditional enforcement process – runs contrary to these principles and creates significant uncertainty for all broadcasters. Broadcast stations already face intense challenges as they work to deliver trusted journalism, lifesaving emergency services, community programming and election coverage. The FCC must be careful to avoid actions that create further instability for the local stations viewers and listeners depend on."