FCC orders review of Disney’s ABC licenses after Trump demands Kimmel firing
The FCC has initiated a review of licenses for eight Disney-owned ABC stations following demands from President Trump for the firing of Jimmy Kimmel. This action marks a rare instance of the FCC using license reviews as leverage in response to a president's request regarding a network host. Market indicators suggest that traders believe it is unlikely Disney will comply with the demand to fire Kimmel.
- ▪FCC Chairman Brendan Carr ordered a review of Disney's ABC licenses after Trump demanded Kimmel's firing.
- ▪The market currently estimates a 5.5% chance of Kimmel being fired by May 31, down from 8% yesterday.
- ▪This situation is notable as the FCC has not previously used license reviews to pressure a network based on a president's demand.
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Trump-appointed FCC Chairman Brendan Carr has ordered an early review of licenses for eight Disney-owned ABC stations, following demands from President Trump and First Lady Melania Trump that ABC fire Jimmy Kimmel after his April 23 joke about Melania. The market for Kimmel being fired or resigning by May 31 is at 5.5% YES, down from 8% yesterday. Market reaction The price dropped 43 points in the past 24 hours as traders who initially bid up the contract reversed course. The largest single-candle move went from 50% to 8%. Order book depth is $6,265 in USDC to move the price 5 points, which indicates moderate liquidity.
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