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Can Carr Really Take Away ABC’s Licenses?

Yesterday, the FCC issued an order “calling in Disney’s ABC licenses for early renewal, at this time, under the Communications Act’s public interest standard.” The stated purpose is to investigate whether ABC has violated “the agency’s prohibition on unlawful discrimination” and to enable “the FCC to ensure that the broadcaster has been meeting its public interest obligations more broadly.” This comes just after President Trump has called on ABC to fire Jimmy Kimmel. In this note, we address whether the FCC can take away ABC’s licenses and what the implications are for broadcasters and other media platforms of Carr’s action.
Provider
New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

  • Pan European Telecom Services and Cable
  • US Telecoms, Cable, Satellite and Towers
  • Global Emerging Market Telecoms
  • Japan Telecoms
  • Asian Internet
  • Pan European Healthcare
  • Global healthcare thematic research

We provide debt research on:

  • Pan European Telecom Services and Cable


Analysts
Blair Levin

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