ABC

FCC to Vote on Ending 39% TV Ownership Cap

The FCC has voted to eliminate its long-standing 39% national television ownership cap and replace the fixed numerical ceiling with individualized, case-by-case public-interest reviews of broadcast ownership transactions. The Commission said the change modernizes regulation to reflect the rise of national streaming and digital platforms—which it noted now reach over 80% of American adults—and preserves statutory goals by evaluating localism, viewpoint diversity, and competition on a transaction-by-transaction basis. Under the new final-order framework, deals that would have breached the former threshold may be approved if shown to serve the public interest, while transactions that harm competition or diversity can be denied. Supporters say the revision responds to a transformed marketplace; critics warn it risks concentrating local broadcast control. The adoption as a final order is expected to prompt partisan debate and legal challenges.

Fubo Launches Fubo Perks for Subscribers

Fubo announced "Fubo Perks," a new subscriber benefit program offering discounts, bundled services and access to third-party content via Fubo credentials. Announced in an email to subscribers on August 4, 2026, the program includes offers such as The Athletic for $1/week (part of a New York Times bundle), a discounted Sam’s Club membership with a Pepsi credit, and complimentary access to ESPN Unlimited and FOX One for Fubo subscribers. The announcement also highlights login-enabled access to multiple TV and cable networks (ABC, CBS, NFL Network, Comedy Central, Disney Now, Freeform, beIN Sports, BET, CMT, CBS Sports and VH1). The story was published by Cord Cutters News.

Scripps Pivots to 24/7 Local Streaming, Cuts 268 Jobs

The E.W. Scripps Company will cut 268 positions and restructure its local news operations to prioritize continuous 24/7 local streaming. The company plans to launch nonstop local news streams in roughly a dozen smaller markets before expanding across its station group, while maintaining linear broadcasts for traditional viewers. Non-local digital work will be centralized into hub teams, and Scripps will accelerate use of internal AI and automation to streamline production workflows. Leadership will provide further details on the upcoming quarterly earnings call and an all-employee town hall on August 7, 2026. The strategy aims to reduce duplicated effort, reallocate resources to field reporting, and adapt to shifting audience habits toward streaming and social platforms.