FCC scraps TV ownership rule, paving the way for media mergers

WASHINGTON — The Federal Communications Commission (FCC) has voted to eliminate a rule limiting the reach of television station owners, a move expected to reshape the U.S. broadcasting industry and potentially trigger a new wave of media mergers and acquisitions.

Industry analysts say the decision could accelerate consolidation among television broadcasters, with companies seeking to expand their station portfolios and strengthen their positions in local markets.

Among the companies expected to be active following the rule change are Sinclair (SBGI), Gray Television (GTN), Nexstar Media Group (NXST), Scripps (SSP), MediaCo (MDIA), and Entravision (EVC). Analysts also speculate that Cox Media assets could attract buyers, while smaller family-owned television stations may look to sell or merge.

The FCC’s decision is seen as one of the most significant changes to U.S. media ownership rules in recent years and could reshape the television broadcasting landscape.