The Federal Communications Commission (FCC) has voted to relax limits on TV station ownership.
The Federal Communications Commission (FCC) has decided to relax the TV station ownership cap in an attempt to help local broadcasters consolidate and compete with streaming giants. PULSE POINTS WHAT HAPPENED: - DETAIL: In a 2-1 vote, the FCC has allowed companies to own local stations covering more than 39 percent of households in the United States. The FCC also voted to allow companies to own more than two stations in a single market if deemed in the public interest. The vote was held on Thursday. “Viewpoint diversity” will reportedly be factored in when determining public interest. The purpose of removing the cap is to allow broadcasters to achieve scale and compete with broadcasting giants like Netflix . The cap removal was…Open
Sunday's FIFA World Cup final drew more than 62.8 million viewers in the U.S., making it the most-watched World Cup final and soccer telecast in American history. Why it matters: The record audience underscores soccer's growing popularity in the U.S. and is likely to boost the value of future media rights. By the numbers: The game , which saw Spain beat defending champion Argentina 1–0 in extra time, also was the most-watched soccer match in Spanish-language media history, Telemundo said. - Nearly 39 million U.S. viewers watched the game on Fox, which had exclusive English-language broadcast rights in the U.S. Those figures are up 132% from the 2022 final on Fox, the company said . - Another nearly 24 million U.S. viewers tuned into…
Data: Nielsen; Chart: Axios Visuals Fox's $22 billion deal to buy Roku marks a turning point in the streaming wars and a new era for the Murdoch media empire. Why it matters: Streaming is no longer a paid subscriber race, but rather an opportunity for entertainment giants to accelerate other parts of their businesses where they have a competitive edge against Netflix. - For Apple, Amazon, Disney and Comcast/NBCUniversal, that means selling devices, e-commerce subscriptions, parks/movie tickets and broadband, respectively. - For Fox, it means bringing more eyeballs to its live programming and selling more digital TV ads. How it works: The merger would make Fox the owner of the top digital TV operating system in the U.S. - Fox could…