FCC scraps national TV station ownership cap in win for Nexstar and big broadcasters

The Federal Communications Commission voted 2-1 to eliminate the longstanding national cap on TV station ownership by a single entity, a move driven by Republican commissioners Brendan Carr and Olivia Trusty. The rule change is a major win for large broadcasters such as Nexstar and is expected to face legal challenges. The restriction being removed has roots in decades-old media regulations.