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Jimmy Kimmel’s suspension highlights Nexstar and Sinclair’s vast control over US airwaves

Nexstar and Sinclair control large swaths of US television stations. Nexstar’s planned merger could make their influence even greater.

On Wednesday evening, Disney’s ABC announced its shocking decision to yank Jimmy Kimmel’s late-night talk show off the air.

An ABC spokesperson on Wednesday said that “Jimmy Kimmel Live!” would be “preempted indefinitely” following comments Kimmel made on his show Monday linking the alleged killer of Charlie Kirk to President Trump’s MAGA movement.

Disney’s decision — which was strongly condemned by several Democratic lawmakers, entertainment unions, and actors — came after a fierce pressure campaign from FCC Chair Brendan Carr as well as two of the country’s largest TV broadcasting groups, Nexstar and Sinclair Inc., which each own several ABC affiliate stations across the US.

The move, which Carr praised as “unprecedented” in an interview on Fox News’ “Hannity” on Wednesday night, highlights the vast market control wielded by Nexstar and Sinclair.

According to media analytics company Nielsen, there are 210 designated television markets in the US. Nexstar, the owner of NewsNation and CW, says it owns or partners with more than 200 television stations in 116 of them. Sinclair’s business reportedly includes 178 stations in 81 markets. In a press release on Wednesday, Sinclair referred to itself as “the nation’s largest ABC affiliate group.”

Both Nexstar and Sinclair significantly expanded their market share in Trump’s first term through multibillion-dollar acquisitions. In 2019, Sinclair acquired 21 regional sports networks from Disney in a $10.6 billion deal. Regulators approved Nexstar’s $4.1 billion takeover of Tribune Media in the same year.

Last month, Nexstar announced a $6.2 billion merger agreement with rival Tegna, which owns 64 US stations. The two companies reportedly overlap in 35 US markets, which could potentially garner regulator scrutiny.

The upcoming merger has many critics noting parallels to the cancellation of CBS’s top-rated “Late Night with Stephen Colbert” in July, which came amid the merger of Paramount Skydance. At the time, Paramount called the move a “financial decision.”

Trump celebrated the cancellation in a post on Truth Social, writing, “I hear Jimmy Kimmel is next.”

In another post Wednesday night, the president referred to Kimmel’s suspension as “great news for America.”

“That leaves Jimmy and Seth, two total losers, on Fake News NBC,” the president wrote, adding, “Do it NBC!!!”

The Nexstar and Sinclair deals have given both companies a remarkable amount of control over what sorts of messages make it across the air, and, clearly, a strong position to wield influence over even the world’s largest entertainment companies.

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Looking into its Warner Bros. acquisition, the DOJ probes Netflix for anticompetitive tactics

As the Department of Justice probes Netflix’s proposed $83 billion acquisition of Warner Bros. Discovery, it has reportedly subpoenaed at least one other entertainment company to investigate whether the streamer has taken part in anticompetitive behavior.

Netflix said the DOJ is conducting a standard review and it expects its acquisition to be approved.

Per Wall Street Journal reporting, the DOJ is also seeking out information on how Paramount’s proposed acquisition could harm competition in the entertainment industry.

Netflix has argued that its acquisition of WBD would not be anticompetitive, as there is an 80% overlap in Netflix and HBO Max subscribers. The company has said it competes not just with streaming services but also with broader content platforms like YouTube and TikTok for attention. Netflix booked $45.2 billion in revenue in 2025, compared to YouTube’s $60 billion.

The streamer has repeatedly said it will stick to a 45-day theatrical release window for Warner Bros. films. Movie theater trade groups have pointed out that after theatrical release, many films move to premium video on-demand (PVOD), where they can be digitally rented or purchased for several more weeks or months before moving to streaming (subscription video on-demand, or SVOD). According to Cinema United, the average SVOD window for major theatrical films is 102 days, significantly longer than the potential 45-day window for Netflix.

Per Wall Street Journal reporting, the DOJ is also seeking out information on how Paramount’s proposed acquisition could harm competition in the entertainment industry.

Netflix has argued that its acquisition of WBD would not be anticompetitive, as there is an 80% overlap in Netflix and HBO Max subscribers. The company has said it competes not just with streaming services but also with broader content platforms like YouTube and TikTok for attention. Netflix booked $45.2 billion in revenue in 2025, compared to YouTube’s $60 billion.

The streamer has repeatedly said it will stick to a 45-day theatrical release window for Warner Bros. films. Movie theater trade groups have pointed out that after theatrical release, many films move to premium video on-demand (PVOD), where they can be digitally rented or purchased for several more weeks or months before moving to streaming (subscription video on-demand, or SVOD). According to Cinema United, the average SVOD window for major theatrical films is 102 days, significantly longer than the potential 45-day window for Netflix.

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Report: Meta pouring $65 million into PACs backing pro-AI state candidates

With a pro-tech, pro-AI administration in Washington, DC, Meta has decided the next battlegrounds that it needs to flood with cash are in individual states.

Starting in Meta’s home state of California, the tech giant is pledging $65 million to a pair of super PACs that it created to fund pro-tech and pro-AI candidates at the state level, according to a report from Politico.

Meta has funded the American Technology Excellence Project ($45 million) and Mobilizing Economic Transformation Across (META) California ($20 million) to push back on what it sees as burdensome AI regulations coming from state legislatures.

The META California PAC will support tech-friendly candidates regardless of party.

Starting in Meta’s home state of California, the tech giant is pledging $65 million to a pair of super PACs that it created to fund pro-tech and pro-AI candidates at the state level, according to a report from Politico.

Meta has funded the American Technology Excellence Project ($45 million) and Mobilizing Economic Transformation Across (META) California ($20 million) to push back on what it sees as burdensome AI regulations coming from state legislatures.

The META California PAC will support tech-friendly candidates regardless of party.

TrumpRx

When is TrumpRx launching?

Not on schedule, for one thing.

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Jon Keegan

FTC will appeal Meta antitrust case

Only a few months after successfully defending itself from an FTC antitrust lawsuit, Meta may be heading back to court. Today, the FTC announced that it would appeal the decision, reopening a yearslong suit.

The FTC called Meta’s acquisition of Instagram and WhatsApp an illegal monopoly. The judge in the case found that in the years since the suit was first brought, the competitive landscape had changed dramatically, with Meta facing fierce competition from TikTok.

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Netflix goes all-cash in bid for Warner Bros., boosting its odds

Netflix on Tuesday applied more pressure to Paramount Skydance in the ongoing bidding war for Warner Bros. Discovery, amending its offer to an all-cash proposal.

Netflix shares ticked up in premarket trading, while Paramount and Warner Bros. were down less than 1%.

The move, which was expected, does not increase the value of Netflix’s $82.7 billion offer for WBD. Netflix said shareholders will be able to vote on the deal in April.

In a Tuesday filing, Warner Bros. said that it values Discovery Global, the spin-off of its cable assets, at between $1.33 and $6.86 per share. Earlier this month, Paramount said it valued the cable TV business at $0 per share.

With Tuesday’s update, event contracts have swung even further in Netflix’s favor, with Paramount’s odds to end up in control of Warner Bros. falling to 14%. That’s below the odds for “none.”

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

The move, which was expected, does not increase the value of Netflix’s $82.7 billion offer for WBD. Netflix said shareholders will be able to vote on the deal in April.

In a Tuesday filing, Warner Bros. said that it values Discovery Global, the spin-off of its cable assets, at between $1.33 and $6.86 per share. Earlier this month, Paramount said it valued the cable TV business at $0 per share.

With Tuesday’s update, event contracts have swung even further in Netflix’s favor, with Paramount’s odds to end up in control of Warner Bros. falling to 14%. That’s below the odds for “none.”

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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