FCC ownership waivers

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The unusual story of the sale of TEGNA Inc. has seemingly (more on that below) come to an end after a four-year FCC review process, encompassing two attempted purchases, two administrative actions involving multiple rule waivers and novel questions of law, but no rulings by the Commissioners themselves. On Thursday, the FCC’s Media Bureau issued an order approving the transfer of control of the company to Nexstar Media and the deal was closed by the parties that same day.  Today, we look back at the unusual actions leading to the sale of TEGNA and at what last week’s approval may preview as to major changes ahead for the broadcast industry .

The unusual nature of the sale of TEGNA did not start with last week’s decision but instead began in 2022 when TEGNA first announced its plan to be acquired by Standard General.  After an application seeking approval for that sale was filed, objections were submitted from labor organizations, public interest groups, and representatives from the multichannel video provider community.  Despite divestiture plans to bring Standard General into compliance with the FCC’s television ownership rules, in 2023, the FCC’s Media Bureau, after a full year of consideration, decided that it could not reach a decision on the case, but that the case had to be reviewed by an FCC Administrative Law Judge to hold a hearing to decide two issues – neither of which had ever been the source for the rejection of a broadcast sale in the past. Continue Reading FCC Media Bureau Approves Nexstar’s Acquisition of TEGNA – What Does It Mean for Consideration of the Broadcast Ownership Rules? 

While the FCC continues its series of public hearings on possible revisions to its multiple ownership rules, the issue of newspaper-broadcast cross ownership is now squarely before the FCC in a number of proceedings. For instance, in the applications proposing a transfer of control of the Tribune Company, waiver requests have been filed in the markets where the company owns both newspaper and broadcast properties.  These markets include some of the largest television markets in the country including Los Angeles, Chicago and New York.  As the current rules prohibit the ownership of a daily paper and either a radio or television station in the same market, Chicago, where Tribune owns radio, TV and newspaper properties and has done so for many years, asks for waivers for both stations.  The FCC just designated the application for transfer of control of the Tribune Company as a permit but disclose proceeding, meaning that parties can talk to the FCC decision makers about the case, as long as they file a written disclosure statement with the FCC for inclusion in the record of the case.

 Also, press reports note that the petitions to deny have been filed against applications for the renewal of Fox’s television stations in New York, arguing that the combination of  Fox’s television stations in the market with the ownership of the New York Post is not in the public interest.

Seemingly, the proposed purchase of the Wall Street Journal by News Corporation, the owners of Fox,  if it were to ever come to fruition, would at least be reviewed by the FCC, as the Journal is published in New York, where Fox owns television stations.  However, FCC precedent established when Gannett purchased a Washington, DC TV station, in the same market where USA Today is published, would seem to set a precedent for the treatment of a specialized national newspaper like the Journal. While published in New York, the Journal really is national in scope – and not focused on local news, sports, entertainment or advertisers in the same manner that a local newspaper would be.  Continue Reading Debate Over Newspaper-Broadcast Cross Ownership Rule Heats Up