FCC to Start Early Review of Disney-Owned Stations
Speakers
Romaine Bostick
— Anchor, Bloomberg
Summary
Bloomberg reports that the FCC will begin an early review of TV station licenses owned by Disney's ABC network due to concerns over diversity, equity, and inclusion practices. The review follows President Trump's criticism of late-night host Jimmy Kimmel's comments about the first lady. Disney shares traded lower on the news, but no explicit investment thesis is offered.
- FCC Chairman Brendan Carr accelerates license renewal process for ABC stations.
- Review is tied to Disney's DEI practices and Trump's reaction to Jimmy Kimmel.
- Disney shares declined about 0.6% on the news.
- No specific trading recommendation or investment thesis is presented.
