US Broadcasters and Newsmax to Debate National Ownership Cap at Senate Hearing

US broadcasters, including Newsmax, and the National Association of Broadcasters will debate the fate of the national TV ownership cap, which bars broadcasters from reaching more than 39% of US TV households. The cap's fate will be discussed at a Senate Commerce Committee hearing, with proponents arguing it's outdated and restricts local journalism, while opponents claim it protects competition and diversity. The FCC chair has expressed support for lifting the cap to allow a proposed merger between Nexstar Media and Tegna.