The post Trump threatening broadcast station licenses — explained appeared on BitcoinEthereumNews.com. A sign is seen outside of the “Jimmy Kimmel Live!” show outside the El Capitan Entertainment Centre on Hollywood Boulevard, from where the show is broadcast in Hollywood, California on Sept. 18, 2025. Frederic J. Brown | AFP | Getty Images Disney’s decision this week to pull “Jimmy Kimmel Live!” from its broadcast network ABC is shining a light on a part of the media business over which the federal government has control.  On Thursday, President Donald Trump suggested his administration should revoke the licenses of broadcast TV stations that he said are “against” him. Federal Communications Commission Chair Brendan Carr has made similar threats, including during a CNBC interview, also on Thursday. It’s not the first time Trump or Carr has invoked the government’s power to pull a broadcast station license — putting an in-the-weeds part of the media business front and center for consumers, and flexing the government’s power over a major part of the industry.  What’s a broadcast license? Let’s start with the basics: Networks such as Disney’s ABC, Paramount Skydance’s CBS, Comcast Corp.’s NBC and Fox Corp.’s Fox are part of a system that requires them to obtain over-the-air spectrum licenses from the federal government in order to broadcast these household-name stations.  That means free, over-the-air service to anyone with an antenna on their TV.  Pay-TV networks such as CNN, MTV or FX, for example, are considered “over-the-top” and available for subscription fees. They’re often bundled together and distributed by companies such as Comcast, Charter Communications or DirecTV.  Broadcasters such as ABC are known for programming that includes local news, live sports, prime-time sitcoms and dramas, as well as late-night shows such as “Jimmy Kimmel Live!” Although the way consumers watch these programs has significantly changed from the days of using an antenna for free viewership… The post Trump threatening broadcast station licenses — explained appeared on BitcoinEthereumNews.com. A sign is seen outside of the “Jimmy Kimmel Live!” show outside the El Capitan Entertainment Centre on Hollywood Boulevard, from where the show is broadcast in Hollywood, California on Sept. 18, 2025. Frederic J. Brown | AFP | Getty Images Disney’s decision this week to pull “Jimmy Kimmel Live!” from its broadcast network ABC is shining a light on a part of the media business over which the federal government has control.  On Thursday, President Donald Trump suggested his administration should revoke the licenses of broadcast TV stations that he said are “against” him. Federal Communications Commission Chair Brendan Carr has made similar threats, including during a CNBC interview, also on Thursday. It’s not the first time Trump or Carr has invoked the government’s power to pull a broadcast station license — putting an in-the-weeds part of the media business front and center for consumers, and flexing the government’s power over a major part of the industry.  What’s a broadcast license? Let’s start with the basics: Networks such as Disney’s ABC, Paramount Skydance’s CBS, Comcast Corp.’s NBC and Fox Corp.’s Fox are part of a system that requires them to obtain over-the-air spectrum licenses from the federal government in order to broadcast these household-name stations.  That means free, over-the-air service to anyone with an antenna on their TV.  Pay-TV networks such as CNN, MTV or FX, for example, are considered “over-the-top” and available for subscription fees. They’re often bundled together and distributed by companies such as Comcast, Charter Communications or DirecTV.  Broadcasters such as ABC are known for programming that includes local news, live sports, prime-time sitcoms and dramas, as well as late-night shows such as “Jimmy Kimmel Live!” Although the way consumers watch these programs has significantly changed from the days of using an antenna for free viewership…

Trump threatening broadcast station licenses — explained

2025/09/20 20:07

A sign is seen outside of the “Jimmy Kimmel Live!” show outside the El Capitan Entertainment Centre on Hollywood Boulevard, from where the show is broadcast in Hollywood, California on Sept. 18, 2025.

Frederic J. Brown | AFP | Getty Images

Disney’s decision this week to pull “Jimmy Kimmel Live!” from its broadcast network ABC is shining a light on a part of the media business over which the federal government has control. 

On Thursday, President Donald Trump suggested his administration should revoke the licenses of broadcast TV stations that he said are “against” him. Federal Communications Commission Chair Brendan Carr has made similar threats, including during a CNBC interview, also on Thursday.

It’s not the first time Trump or Carr has invoked the government’s power to pull a broadcast station license — putting an in-the-weeds part of the media business front and center for consumers, and flexing the government’s power over a major part of the industry. 

What’s a broadcast license?

Let’s start with the basics: Networks such as Disney’s ABC, Paramount Skydance’s CBS, Comcast Corp.’s NBC and Fox Corp.’s Fox are part of a system that requires them to obtain over-the-air spectrum licenses from the federal government in order to broadcast these household-name stations. 

That means free, over-the-air service to anyone with an antenna on their TV. 

Pay-TV networks such as CNN, MTV or FX, for example, are considered “over-the-top” and available for subscription fees. They’re often bundled together and distributed by companies such as Comcast, Charter Communications or DirecTV. 

Broadcasters such as ABC are known for programming that includes local news, live sports, prime-time sitcoms and dramas, as well as late-night shows such as “Jimmy Kimmel Live!”

Although the way consumers watch these programs has significantly changed from the days of using an antenna for free viewership — now they’re often viewed via pay-TV bundles, plus the content is frequently found on streaming platforms — the model has remained largely the same. 

Companies that own local broadcast TV stations, such as Nexstar Media Group and Sinclair, license spectrum — or the public airwaves — from the government, with the FCC in control. 

Through this public spectrum for radio and TV stations, the federal agency has the right to regulate broadcasting and requires each network “by law to operate its station in the ‘public interest, convenience and necessity.’ Generally, this means it must air programming that is responsive to the needs and problems of its local community of license,” according to the FCC website.

Can Trump and the FCC revoke licenses?

That definition of serving the “public interest” is what the FCC’s Carr has zeroed in on with conversations around revoking licenses. 

On Thursday, Carr told CNBC’s “Squawk on the Street” that comments by Kimmel, linking the suspect in the killing of conservative activist Charlie Kirk to Trump’s MAGA movement, were “not a joke,” and instead, he said, were “appearing to directly mislead the American public about … probably one of the most significant political events we’ve had in a long time.” 

When Trump has noted the government’s right to take away licenses — both this week and in the past — he has pointed to what he said is bias against him as president. 

“I have read someplace that the networks were 97% against me, again, 97% negative,” Trump said Thursday, referring to his 2024 election victory. 

“They give me only bad publicity, press. I mean, they’re getting a license,” Trump said. “I would think maybe their license should be taken away.” 

People protest at the El Capitan Entertainment Centre, where “Jimmy Kimmel Live!” was recorded for broadcast, following his suspension for remarks he made regarding Charlie Kirk’s assassination, on Hollywood Boulevard in Los Angeles, California, U.S. Sept. 18, 2025.

David Swanson | Reuters

In August, Trump accused networks ABC and NBC of being “two of the worst and most biased networks in history” and suggested revoking their broadcast licenses.

Carr earlier this year, freshly in his post as FCC chairman, reawakened complaints directed at ABC, NBC and CBS from the conservative organization the Center for American Rights. 

And in February, during a conversation at Semafor’s “Innovating to Restore Trust in News” summit in Washington, D.C., he suggested the agency would be looking closely at licenses. 

“If you’re going to have a license to be a broadcaster, it comes with something called ‘you have to serve the public interest.’ If you don’t want to do that, that’s OK,” Carr said during the summit. “I will give you the address of the FCC … you’re free to turn your license in and you can go podcast and you go over-the-top.” 

What happens if ABC or NBC loses its license? 

If the federal government deems a broadcast TV network isn’t acting in the public interest, it can revoke the license from the station’s owner, and the local station would effectively go dark in its market. 

The local networks can preempt the programming, meaning air something other than what the broader network is offering up. That would theoretically keep the stations in compliance if the FCC were to find the broadcast content unlawful. But it’s unclear where that line would fall. 

The process of revoking a license isn’t so simple, according to Roy Gutterman, a professor and expert on communications law and the First Amendment at Syracuse University’s Newhouse School.

“There’s a whole process before you can yank someone’s license,” Gutterman said, adding that the matter would be subject to an investigation and procedure — and would likely garner legal challenges. 

Typically, the discussion of whether a station violated the FCC’s guidelines centers around children’s programming, a cut to news content, or obscenity — such as Janet Jackson’s wardrobe malfunction during the Super Bowl in 2004.

Trump and his administration’s threats take a different tack.

“This is such an unprecedented issue,” Gutterman said. “Responsible use of the airwaves doesn’t mean having the political language [the government] doesn’t want on there … Responsible use isn’t a political issue.”

Pressure mounting

There’s another factor at play here: The government’s role in local TV consolidation.

On Wednesday, before ABC sidelined Kimmel, Nexstar announced its stations affiliated with ABC wouldn’t air the late night show and instead would preempt it “for the foreseeable future” due to the host’s statements. 

While Disney owns a portion of its ABC-affiliated networks, Nexstar, as well as Sinclair — which similarly said it would preempt the show — own the vast majority. Nexstar owns about 30 ABC-affiliated networks across the U.S., or 10% of the more than 200 stations Nexstar owns in total.

Nexstar is currently seeking government approval of a $6.2 billion deal to merge with fellow broadcast TV station owner Tegna, which would upend longstanding regulations for broadcast station owners. 

Sinclair has also said it’s looking to merge its broadcast TV station business with another competitor, although a deal has yet to be announced. 

While Nexstar and its peers have bulked up over the years through acquisitions, they’ve been subject to longstanding federal limits on the number of stations that these parent companies can own. 

On Tuesday, May 13, 2025 at North Javits in New York City, an incredible roster of all-star talent will tout their connections to storytelling, Disney, and each other while showcasing their latest projects for the upcoming year.

Michael Le Brecht | Disney General Entertainment Content | Getty Images

Following Trump’s election in November, leaders of the station owners — as well as other media businesses — saw an opening for further consolidation and deals. 

The FCC’s Carr has also publicly said in recent months that he would support getting rid of broadcast station ownership rules and caps, paving the way for such deals, which could help salvage a business model that’s being disrupted. 

With the rise of streaming, the pay-TV ecosystem has bled consumers, and broadcast TV networks and local affiliates have also felt the effects. 

While the stations are free to air, distributors such as Charter pay the broadcasters so-called retransmission fees, on a per-subscriber basis, for the right to carry the stations. These lucrative fees heavily buoy the profits of companies such as Nexstar, which means dwindling pay-TV customers cuts into broadcast profits. 

Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC under a planned spinoff.

Source: https://www.cnbc.com/2025/09/19/trump-threatening-broadcast-station-licenses-explained.html

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

The Manchester City Donnarumma Doubters Have Missed Something Huge

The Manchester City Donnarumma Doubters Have Missed Something Huge

The post The Manchester City Donnarumma Doubters Have Missed Something Huge appeared on BitcoinEthereumNews.com. MANCHESTER, ENGLAND – SEPTEMBER 14: Gianluigi Donnarumma of Manchester City celebrates the second City goal during the Premier League match between Manchester City and Manchester United at Etihad Stadium on September 14, 2025 in Manchester, England. (Photo by Visionhaus/Getty Images) Visionhaus/Getty Images For a goalkeeper who’d played an influential role in the club’s first-ever Champions League triumph, it was strange to see Gianluigi Donnarumma so easily discarded. Soccer is a brutal game, but the sudden, drastic demotion of the Italian from Paris Saint-Germain’s lineup for the UEFA Super Cup clash against Tottenham Hotspur before he was sold to Manchester City was shockingly brutal. Coach Luis Enrique isn’t a man who minces his words, so he was blunt when asked about the decision on social media. “I am supported by my club and we are trying to find the best solution,” he told a news conference. “It is a difficult decision. I only have praise for Donnarumma. He is one of the very best goalkeepers out there and an even better man. “But we were looking for a different profile. It’s very difficult to take these types of decisions.” The last line has really stuck, especially since it became clear that Manchester City was Donnarumma’s next destination. Pep Guardiola, under whom the Italian will be playing this season, is known for brutally axing goalkeepers he didn’t feel fit his profile. The most notorious was Joe Hart, who was jettisoned many years ago for very similar reasons to Enrique. So how can it be that the Catalan coach is turning once again to a so-called old-school keeper? Well, the truth, as so often the case, is not quite that simple. As Italian soccer expert James Horncastle pointed out in The Athletic, Enrique’s focus on needing a “different profile” is overblown. Lucas Chevalier,…
Share
BitcoinEthereumNews2025/09/18 07:38
Share
Cryptos Signal Divergence Ahead of Fed Rate Decision

Cryptos Signal Divergence Ahead of Fed Rate Decision

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…
Share
BitcoinEthereumNews2025/09/18 01:01
Share
SEC's decision date expires after new rules: Five top candidates for October crypto ETF approval

SEC's decision date expires after new rules: Five top candidates for October crypto ETF approval

By Felix, PANews Among the many catalysts behind this crypto bull market, ETFs, particularly spot Bitcoin and Ethereum ETFs, have become revolutionary financial instruments that significantly lower the barrier to entry for cryptocurrency investment, serving as a crucial "bridge of capital." Since the approval of Bitcoin spot ETFs in early 2024, the industry has attracted over $100 billion in institutional capital, driving the Bitcoin price from $60,000 to its current level of approximately $113,500. As of now, the U.S. Securities and Exchange Commission (SEC) has 92 crypto spot ETFs (both single-asset and index-based) pending approval. Of these, approximately 69 are single-asset ETFs, covering 24 different cryptocurrencies. These applications primarily come from institutions like Grayscale and VanEck, with final decision deadlines for most being in October. Against this backdrop, the U.S. Securities and Exchange Commission (SEC) recently approved a proposal that fundamentally changes the way crypto spot ETFs are listed. Therefore, October's approval will not only mark a turning point in the crypto ETF market but also reflect the future direction of this bull market. The US SEC approved the proposed change from "case-by-case review" to "standard clearance" On September 7th, the US SEC approved rule changes proposed by three major exchanges (Nasdaq, Cboe BZX, and NYSE Arca) to introduce universal listing standards for commodity-based trust shares ("CBTS"). These standards, primarily for exchange-traded products (ETPs) holding physical commodities (including digital assets), replace the cumbersome case-by-case review process and aim to streamline the listing process. The chairman of the U.S. SEC stated in the document that these changes mark a shift in the SEC’s regulation of digital asset ETPs from “cautious case-by-case” to “standardized and efficient,” aiming to “maximize investor choice and promote innovation.” The core contents of the new regulations are as follows: The regulation proposes three listing paths: The product is traded on Intermarket Surveillance Group (ISG) member markets and has a market surveillance sharing agreement. Commodity futures are listed on a CFTC-regulated DCM for at least 6 months and have a surveillance-sharing agreement in place. New ETPs may be exempt from some of these requirements if an existing ETF is listed on a U.S. national securities exchange and has at least 40% of its assets allocated to that commodity. In short, the new regulations create a fast track for crypto asset ETFs that meet certain criteria. Based on the three aforementioned pathways, October may be the first period for the listing of new ETFs, with a focus on assets with existing CFTC-regulated futures contracts of at least six months. The original decision date has expired, and ETF issuers are now on the same page. The implementation of the new standards has directly impacted the long queue of ETF applications. On September 29th, the US SEC required issuers of spot ETFs for Litecoin (LTC), XRP, Sol, ADA, and DOGE to withdraw their 19b-4 filings. Issuers are required to proceed with listing according to the new standards, and the withdrawal process could begin as early as this week. This withdrawal does not represent a complete rejection of the ETF applications, but rather a shift to a more efficient regulatory path. It's worth noting that after a 19b-4 filing is withdrawn, the original decision date (typically the deadline for the SEC to make a final decision on the filing, such as 240 days after submission) may no longer be relevant. Under the new rules, the SEC may not require a strict deadline, but rather conduct a more expedited assessment based on common listing standards. As for when the ETF will be approved, although the issuer needs to resubmit or adjust the application according to the new general rules, which may involve additional administrative work and short delays, most people are optimistic about this and believe that the approval speed may be "exceptionally fast", similar to the ETH ETF which took only a few weeks from withdrawal to approval, that is, it is expected to be approved in October. Crypto journalist Eleanor Terrett wrote an analysis saying , "As long as the token meets existing standards, the SEC can approve a cryptocurrency ETF at any time by submitting an S-1 filing. Therefore, even if the deadlines for these individual ETFs are imminent, the SEC can theoretically make a decision on any or all of them at any time." However, Bloomberg ETF analyst James Seyffart warned that "everything is full of uncertainty. Add to that the possibility of a government shutdown, and the situation could become very unstable." (Related reading: What would happen to Bitcoin if the US government shut down? ) While it is unclear how quickly the SEC will process S-1 applications, eliminating the predictability of the original decision date, this change optimizes the process and reduces delays for more cryptocurrency ETFs to enter the market. Which of the five candidates will lead the ETF race? Although the ETF applications that were previously waiting in line have returned to the "starting line", the applications that the SEC currently requires issuers to withdraw only involve LTC, XRP, SOL, ADA, and DOGE, which may indicate that the first batch of approved ETFs will emerge from them (or all of them will be approved). 1. XRP ETFs XRP ETF is the most anticipated focus in October. Currently, there are 7 applications for XRP ETF, including Bitwise, 21Shares, Canary, Grayscale and other institutions. Previously, 6 applications were squeezed into the October 18-25 window, and Franklin Templeton's application was postponed to November 14 at the latest for a decision. The XRP spot ETF application was filed in January 2025, and the SEC opened for comment in July after the Ripple lawsuit was resolved. XRP futures have been listed on the CME for over a year, meeting the requirements of the new regulations. Bloomberg analysts James Seyffart and Eric Balchunas previously raised the probability of approval for the XRP spot ETF to 95%. This high probability was attributed to the SEC's increased engagement with the application, which the analysts viewed as a "clear green light." In addition, a key advantage of XRP is that it has been recognized as a commodity by regulators, greatly reducing the application barriers for its ETF. 2. SOL ETFs SOL spot ETF is one of the most popular applications at present, with seven large institutions participating, including VanEck, 21Shares, Bitwise, Franklin Templeton, etc. On September 27th, asset management firms including Fidelity, Franklin Templeton, CoinShares, Bitwise, Grayscale, Canary Capital, and VanEck successively submitted the latest versions of their S-1 forms to the US SEC. These revised documents all focus on the details of the Solana ETF’s staking operations. After the SEC ordered the issuer to withdraw its 19b-4 filing, Bloomberg ETF analyst Eric Balchunas raised the odds of the SOL ETF's approval from 95% to 100%. He stated, "Honestly, the probability of approval is now 100%... The universal listing standard renders the 19b-4 form meaningless. Now only the S-1 remains, and the SOL ETF could be approved at any time." But it’s worth noting that BlackRock (the largest issuer of Bitcoin and Ethereum ETFs) has not yet submitted an application for a Solana ETF, which may reflect its cautious attitude towards Solana’s regulatory risks. 3. LTC ETFs As one of the longest-running tokens in the crypto market, LTC has maintained a high level of security and decentralization since its launch in 2011. There are currently three Litecoin ETF applications, including the Canary Litecoin ETF, the Grayscale Litecoin Trust ETF, and the CoinShares Litecoin ETF. The previous October 10th deadline for the Litecoin ETF made it a candidate for a "good start." While the expiration of the original decision date has reduced the likelihood of Litecoin ETF approval, LTC's long-term market stability, strong regulatory compliance, and similar technical architecture to Bitcoin still make it highly likely to be among the first to be listed. In addition, Litecoin has not been identified as a security by the SEC like XRP or SOL, and is closer to the commodity attributes of Bitcoin, significantly reducing regulatory barriers. 4. Cardano (ADA) ETF Grayscale's Cardano Trust plans to convert into an ETF. The ETF's S-1 filing was registered in August, with a previous deadline set for October 26th. Cardano is known for its academic foundation and sustainability, and if approved, this spot ETF would be the first non-ETH PoS platform to do so. Notably, Grayscale's GDLC (Digital Large Cap Fund), which included Cardano, was approved on July 1st, further increasing the likelihood of approval for the Cardano ETF. 5. DOGE ETFs There are currently three DOGE ETF applications, including Bitwise, Grayscale, and 21Shares. The SEC is expected to make a ruling by October 12th at the latest. If the DOGE spot ETF is approved, it will become the first meme ETF. Conclusion Regardless of the outcome, October's crucial window will mark a significant turning point in the history of crypto ETFs, impacting not only the prices of related cryptocurrencies but also the scale and speed of institutional capital inflows. The crypto market is maturing, and the October ETF decision could be a crucial step in furthering its mainstream acceptance. Related reading: SEC's new regulations open the floodgates for crypto ETFs, are the top 10 spot ETFs expected to go online?
Share
PANews2025/10/04 10:45
Share