No. of Recommendations: 2
The tenor/gist of this administration is certainly different from previous administrations. Corporate CEOs always look for ways to get along with whomever is in power. And make moves to facilitate their business objectives.
An example is the Kilmmel & Colbert's TV show cancellations. Voice was given to the idea that presidential power was behind those cancellations.
The following story from Yahoo News I believe is the real reason Kimmel & Colbert were tossed under the bus as a sop to the "Orange" One.
With businesses; its always about the bottom line.
yahoo.com - Kimmels cancellation confirms many suspectedthe decision to target Kimmel appears to have very little to do with the public interest and quite a bit to do with the private interests of the parties concerned.
In the least surprising news in the world, Nexstar is seeking approval from President Donald Trump’s FCC to acquire Tegna, another media company. The $6.2 billion dollar deal would transform Nexstar-Tegna into an unprecedented mega-company whose reach would grow to 80 percent of U.S. households. There’s a hitch: A long-standing broadcasting rule prevents any one company from reaching more than 39 percent of U.S. households. So Nexstar doesn’t just need the FCC’s approval; it also needs the FCC to change that rule, or the deal can’t go through.
If this all sounds oddly similar to the circumstances surrounding Colbert’s cancellation — which also took place around a gigantic prospective merger awaiting FCC approval — it should.
A quick review of the events leading to Colbert’s cancellation: Trump sued CBS in October 2024 for content he deemed unfair to him. In July, Paramount Global paid the president $16 million to settle rather than fight the lawsuit. The other party in the merger, Skydance Media, promised to “eliminate DEI” — referring to diversity, equity and inclusion policies — and hire an ombudsman to address “bias.” Paramount canceled Colbert’s show July 17. One week later, Carr’s FCC approved the Paramount-Skydance merger. 