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Market Chatter: FCC Close to Rulings Against Disney Over TV Licenses, 'The View'

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The Federal Communications Commission is expected to rule against Walt Disney (DIS) in two separate investigations regarding its broadcast TV licenses and the designation of its show, "The View," Bloomberg reported Wednesday, citing people familiar with the matter.

The FCC is preparing to send a probe into Disney's broadcast licenses to an agency hearing, the next step toward possible license revocation, the report said, citing the people. The agency is also expected to determine that The View is not a "bona fide" news show, the people reportedly told Bloomberg.

The FCC and Disney didn't immediately reply to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $97.62, Change: $+1.74, Percent Change: +1.82%

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