StockWatch
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Broadcasting
RegulatoryAug 6, 2026, 12:18 PM

Sinclair applauds FCC's modernized ownership rules

AI Summary

Sinclair, Inc. President and CEO Chris Ripley issued a statement applauding the Federal Communications Commission's vote to modernize national ownership restrictions. Ripley stated that the previous 39 percent limit was outdated given the current media landscape. He believes these updated rules will enable local broadcasters to compete on a more level playing field, helping them preserve local news and continue serving their communities.

Key Highlights

  • FCC voted to modernize national ownership restrictions.
  • Sinclair CEO Chris Ripley issued a statement in response to the vote.
  • Ripley stated the 39% limit was outdated for today's media landscape.
  • He believes updated rules will create a more level playing field for local broadcasters.
  • Sinclair aims to preserve local news and serve communities.
  • The company applauded Commission leadership for their work.