00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Federal Communications Commission ordered Disney to seek early renewal of licenses for
00:07its ABC-owned television stations, according to CNBC. The action follows concerns tied to
00:13the company's diversity, equity, and inclusion efforts, according to a letter from Chairman
00:18Brendan Carr. The FCC requires filings within 30 days, moving up renewal timelines originally set
00:24for 2028 to 2031. The agency said the action follows an investigation launched last year
00:30into possible violations of the Communications Act of 1934 and FCC rules on unlawful discrimination.
00:38Disney said it operates in compliance and will respond through legal channels.
00:43The order applies to eight stations across multiple states and excludes affiliates operated
00:48by broadcast station owners like Nexstar Media Group. The FCC has also opened similar
00:54investigations into Comcast and Paramount. For all things money, visit Benzinga.com.
