FCC Approves Circle City's WRTV Purchase, Eyes Media Ownership Rule Changes
Indianapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Circle City Broadcastings acquisition of WRTV-TV Channel six from E.W. Scripps Company, valued at $83 million, has been approved by the FCC. This move allows Circle City, already owning WISH-TV Channel eight and MyINDY-TV Channel twenty-three, to control two major stations in Indianapolis. The FCC waived a rule to facilitate this, citing public interest benefits. However, the change has sparked concerns about reduced diverse news coverage. Meanwhile, the FCC is considering updates to media ownership rules, with Chair Brendan Carr advocating for a review. Additionally, Nexstar Media Groups planned $6.2 billion buyout of TEGNA is under review, potentially consolidating five top news stations under two owners.
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