The FCC ordered the ABC network, owned by Disney, to reapply for its broadcast licence after a clash with the former Trump administration. The agency claims the network’s recent programming decisions violate federal regulations.

Disney’s move follows the FCC’s broader push to tighten content standards on U.S. airwaves, a strategy that could reshape how major studios manage broadcast operations. The re‑application process may cost millions in legal and compliance expenses.

The decision signals a tougher regulatory environment for media conglomerates. Investors will watch how Disney allocates resources to meet the new requirements, as the outcome could affect the network’s advertising revenue and market positioning.