FCC Chair Brendan Carr: No company is above the law, including Disney

Summary

FCC Chairman Brendan Carr discusses Disney's filing to renew broadcast licenses under protest and the FCC's ongoing investigation into Disney's DEI practices. Carr defends the regulatory process, stating no company is above the law, and outlines next steps including a public notice and potential license hearing. The discussion focuses on regulatory and legal aspects, not investment implications.

• Disney filed broadcast license renewals under protest, calling the FCC investigation unconstitutional.
• FCC Chairman Brendan Carr confirms the investigation into Disney's DEI practices continues.
• Carr states the FCC will issue a public notice allowing petitions to deny license renewal.
• The FCC may designate the licenses for a hearing after the pleading cycle.
• Carr emphasizes that broadcasters have unique public interest obligations upheld by the Supreme Court.
• The White House's criticism of ABC and Jimmy Kimmel is not the basis for the investigation, according to Carr.
• No direct market or investment implications are discussed beyond the regulatory risk for Disney.