ABC/Disney–FCC Licensing Legal Fight

FCC allows up to 20% foreign equity in Paramount’s US$110bn Warner Bros. Discovery deal, bars voting rights

The US Federal Communications Commission approved foreign investment up to 20% equity in Paramount’s US$110 billion acquisition of Warner Bros Discovery, but prohibited voting rights and access to US citizens' personal data (per straitstimes.com). The FCC waived the usual 25% foreign cap after a Team Telecom review, and Paramount said the deal will strengthen competitiveness while a US judge has temporarily blocked the takeover pending a March trial (per straitstimes.com).

ABC and Disney sue FCC, alleging retaliatory license challenges tied to Trump criticism

After President Trump publicly called for the network to be stripped of its licenses, ABC and The Walt Disney Co. sued the Federal Communications Commission in federal court alleging the FCC launched investigations and challenged ABC's broadcast licenses in retaliation for its news coverage, late-night satire and talk shows. The complaint seeks relief in federal court, opens with the line "Government censorship is deeply un-American," and cites a recent unanimous U.S. Supreme Court decision involving the National Rifle Association (per NPR).