#fcc-regulation

#fcc-regulation

The US Federal Communications Commission has launched "Space Month," with Chairman Brendan Carr saying that "we'll replace a default to no at the agency to a default to yes" for satellite licensing requests. The FCC's processes are set for an overhaul, with bespoke licensing being ditched in favor of what Carr called "a licensing assembly line" and a review of sitting rules for Earth stations to facilitate more intensive use of the upper microwave spectrum.

Together, Sinclair and Nexstar's preemption of the show left about 25% of TV viewers in the US unable to watch it, with the two companies owning 70 ABC-affiliate stations combined. The two companies are the largest owners of local TV stations in the country. Sinclair currently owns more than 185 TV stations across 85 markets, while Nexstar owns 200 stations across 116 markets.

The comments came as he praised ABC for suspending late-night host Jimmy Kimmel, whose monologue about the death of conservative influencer Charlie Kirk sparked backlash. Speaking to reporters aboard Air Force One on his return from a state visit to the UK, Trump claimed that about 97% of media coverage of him is negative. He said that network owners currently hold broadcast licences and questioned whether those licences should be "taken away."

EchoStar ( NASDAQ:SATS ) is on a rocket ride today with shares soaring 17% higher in morning trading after announcing a $17 billion deal to sell a portion of its spectrum licenses to SpaceX. This follows a similar blockbuster $23 billion spectrum sale to AT&T ( ) just two weeks ago - fueling a staggering 163% stock surge in 14 days.