Media Movers: Newsmax Challenges⁢ Ownership Caps, ⁢Fox ⁤Nation Scores Second Sports Deal

In the fast-paced world of‍ media, important shifts ⁣are always on ‍the horizon. This week, we’re diving into a major regulatory ⁢challenge ‍from Newsmax and an exciting new sports venture for Fox Nation.

Newsmax⁢ Objects to FCC’s Potential Ownership Cap Revisions

conservative-leaning news network ‍Newsmax has officially thrown its hat into the ring, filing an objection with the Federal Communications Commission (FCC) this ⁣Wednesday. The core of their concern? any move that could weaken or eliminate the long-standing Horizontal Ownership Cap.This ⁣filing comes in direct ‍response to the FCC’s public notice issued⁢ in June, which⁢ invited⁣ commentary on whether⁢ to keep, ‍revise, or scrap the cap altogether.

Newsmax CEO Christopher Ruddy articulated ⁤the network’s stance in the filing, emphasizing the potential impact on local ⁤programming. “If networks like CBS, ABC, and NBC⁢ were allowed to expand their reach unchecked,” Ruddy stated, “they‍ would have even less incentive to produce programming that reflects the values⁣ of local communities, particularly‍ those in America’s heartland.” This move‍ signals a strong defence of the current regulatory framework by Newsmax, highlighting a desire⁢ to maintain a diverse media landscape that serves local interests.

Fox⁣ Nation Scores Exclusive Broadcast Rights for New Wrestling League

On ⁢the sports ⁣front, Fox Nation is making waves with its second live sports deal. the streaming service has become the⁢ exclusive broadcast partner for the inaugural matches⁤ of the newly formed wrestling⁣ league, Real American Freestyle (RAF). This partnership marks a significant expansion for Fox⁤ Nation into the live sports arena.

The⁣ first RAF ‍matchup⁣ is slated to stream live⁢ on Saturday, august 30th, from Cleveland. Real American Freestyle⁤ was co-founded by wrestling industry veterans Eric Bischoff and Chad⁣ Bronstein, alongside WWE Hall of Famer Hulk Hogan. Tragically, Hulk‍ Hogan passed ⁤away ⁤on Thursday, July 24th, ‍at the age of 71, adding ⁤a poignant layer to ⁤the launch of this new venture. This deal underscores Fox Nation’s commitment to diversifying its content offerings and tapping into passionate ⁢fan bases.