Media-Ownership

DJT Stock Begins Trading as Trump Owns Majority of $8.4 Billion Media Company

2024-03-26 00:00:00 +0000 UTC | Importance: 10/10

Trump Media begins trading under ticker DJT at $8.4 billion valuation, with Trump holding 69-78.75% of shares, creating unprecedented presidential conflict of interest through media and financial entanglement. Trading was volatile, with stock price jumping over 50% and trading briefly halted.

Donald Trump Trump Media & Technology Group NYSE Digital World Acquisition Corp Donald Trump Jr. truth-social stock-market djt-ticker presidential-conflicts media-ownership +2 more

FCC Attempts Massive Media Deregulation Under Michael Powell Despite 97% Public Opposition

2003-06-02 00:00:00 +0000 UTC | Importance: 8/10

The FCC, led by Chairman Michael Powell (son of Secretary of State Colin Powell), votes 3-2 along party lines to dramatically ease media ownership restrictions despite overwhelming public opposition. The new rules would increase the national TV ownership cap from 35% to 45% of U.S. households and …

Michael K. Powell Colin Powell George W. Bush Trent Lott FCC Republican Commissioners +1 more regulatory-capture fcc media-consolidation deregulation michael-powell +1 more