Bulletin: Credit FAQ: The Supreme Court Ruling To Uphold The FCC's 2017 Order Won't Materially Change The Broadcast M&A Landscape

On April 1, 2021, the Supreme Court unanimously ruled in the Federal Communications Commission's (FCC) favor to relax certain media ownership rules (FCC v. Prometheus Radio Project), including those which prohibited companies from: Owning more than one top-four rated television station in a single market; Owning a television station and radio station in a particular market; and Owning a daily newspaper and a television or radio station in the same market. The FCC had loosened these rules in a 2017 order, but it was overturned by the U.S. Court of Appeals for the Third Circuit in 2019. We answered some questions about how this ruling will affect potential consolidation in the broadcast space. The FCC case put forth to the

...April 13, 2021 On April 1, 2021, the Supreme Court unanimously ruled in the Federal Communications Commission's (FCC) favor to relax certain media ownership rules (FCC v. Prometheus Radio Project), including those which prohibited companies from: - Owning more than one top-four rated television station in a single market; - Owning a television station and radio station in a particular market; and - Owning a daily newspaper and a television or radio station in the same market. The FCC had loosened these rules in a 2017 order, but it was overturned by the U.S. Court of Appeals for the Third Circuit in 2019. We answered some questions about how this ruling will affect potential consolidation in the broadcast space....

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