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Stock impact report

FCC's Carr threatens TV broadcast licenses over news coverage [Fortune]

Nexstar Media Group, Inc. (NXST) 
Last nexstar media group, inc. earnings: 2/26 07:04 am Check Earnings Report
Company Research Source: Fortune
Recommended Video “Broadcasters that are running hoaxes and news distortions — also known as the fake news — have a chance now to correct course before their license renewals come up,” Carr said in a social media post Saturday. “The law is clear. Broadcasters must operate in the public interest, and they will lose their licenses if they do not.” Carr posted his warning on top of a post from President Donald Trump complaining about coverage of the US-Israeli strikes on Iran. Defense Secretary Pete Hegseth has also criticized news outlets for war coverage that he said “makes the president look bad.” It's Carr's latest threat against television broadcasters after Trump has expressed displeasure with coverage, or with a particular reporter or late-night talk-show host. Trump has suggested that networks should lose their broadcast license due to unfair coverage. Such licenses don't apply to cable, streaming or print outlets. The FCC didn't immediately respond to a request for comm Show less Read more
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