FCC overturns limit on local TV ownership in win for media conglomerates

The 2-1 vote along party lines repealed ‘national cap’ that served as a key check on consolidation of the TV industry In a historic vote on Thursday morning, the Federal Communications Commission (FCC) voted along party lines to overturn a key check against the consolidation of the television industry, throwing out a r

Disney exits A+E as media conglomerate Hearst gains full ownership in $1.2 billion deal  Reuters

Aug 4 : Privately held U.S. media conglomerate Hearst on Tuesday struck a deal to acquire Disney's 50 per cent stake in A+E Global Media for about $1.2 billion in cash, giving it full ownership of the television and content business.Disney's exit from A+E follows the company's efforts to prioritize streaming and ESPN,