Trump against FCC's proposal to increase TV ownership cap to 39%, according to Variety.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
0mins
Trump's Opposition to FCC Changes: President Trump opposes the FCC's potential move to raise or eliminate the 39% cap on local TV station ownership, fearing it could lead to an expansion of "fake news networks" like ABC and NBC.
Contrasting Views with FCC Chairman: Trump's stance contrasts with FCC Chairman Brendan Carr, who supports abolishing the ownership cap, a position backed by the National Association of Broadcasters.
Nexstar's Application for Waiver: Nexstar has filed applications with the FCC to request a waiver of the 39% ownership cap as part of its $6.2 billion deal to acquire Tegna.
Market Reaction: Following these developments, shares of both Nexstar and Tegna are trading lower.
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Analyst Views on CMCSA
Wall Street analysts forecast CMCSA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMCSA is 33.45 USD with a low forecast of 23.00 USD and a high forecast of 53.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
7 Buy
12 Hold
3 Sell
Hold
Current: 28.410
Low
23.00
Averages
33.45
High
53.00
Current: 28.410
Low
23.00
Averages
33.45
High
53.00
About CMCSA
Comcast Corporation is a global media and technology company. The Company delivers broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produces, distributes, and streams entertainment, sports, and news through brands, including NBC, Telemundo, Universal, Peacock, and Sky; and brings theme parks and attractions to life through Universal Destinations & Experiences. The Company operates through two primary businesses: Connectivity & Platforms and Content & Experiences. The Connectivity & Platforms business includes two segments: Residential Connectivity & Platforms, and Business Services. Its Connectivity and Content & Experiences business include three segments: Media, Studios and Theme Parks. Sky provides connectivity services to customers across Europe through Sky Broadband, Sky Mobile, and Sky Business. Sky Business extends broadband services and purpose-built products to businesses in Europe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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