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  • ‘Stuart Fails to Save the Universe’ Producers on Episode 2’s Surprise Kaley Cuoco Cameo As an Alternate Penny

    ‘Stuart Fails to Save the Universe’ Producers on Episode 2’s Surprise Kaley Cuoco Cameo As an Alternate Penny

    SPOILER ALERT: This story contains spoilers from “Stuart Fails to Save the Universe” Season 1 Episode 2, now streaming on HBO Max.

    “Stuart Fails to Save the Universe” Episode 2 was chock full of cameos and guest stars — but saved the biggest one, at least for “The Big Bang Theory” fans, until near the end of the episode: The return of Kaley Cuoco as Penny. But a very different Penny.

    In the episode, “Spoiler: Zack’s In This One,” Stuart (Kevin Sussman), Kripke (John Ross Bowie) and Bert (Brian Posehn) land in a much less apocalyptic Pasadena than the one they just escaped — and in this world, Kripke is no longer a vicious ruler (he plays off killing Raj in the previous world: “There are two possibilities. One, the world we were just in no longer exists. In which case I did not kill Raj. Two, that world and this world are part of an infinite number of worlds, in which case I killed one in an infinite number of Rajes. Mathematically, a rounding error.”)

    But in the happy-go-lucky, peaceful new universe they land in, things aren’t as cracked up as they seem: The characters all have a device planted on the back of their necks, sending them an electric shock whenever they argue or get angry. And for this crew, with Stuart and Kripke going at it, that’s a lot.

    colin remas brown

    Denise (Lauren Lapkus) didn’t make the trip through the wormhole with them, so Stuart goes looking for her — and finds her with her new beau, Gary (Tommy Walker). Meanwhile, hoping to find Sheldon and Leonard to get some answers, Kripke and Bert head to Caltech, where they find an extremely unhelpful receptionist (Riki Lindhome, who originally played Dr. Ramona Nowitzki on “The Big Bang Theory”).

    The receptionist angers Kripke and Bert so much that they are picked up by the police — along with Stuart, who had also been arrested. They’re sent to a reprogramming facility, where they watch a video hosted by Christine Baranski, playing herself. (On “The Big Bang Theory,” Baranski played Leonard’s mother, Dr. Beverly Hofstadter.)

    After thirty months of rehabilitation, the trio are finally released — and immediately kidnapped by a resistance group. That organization meets inside a warehouse, where we discover it’s led by. Penny (played by Cuoco). But this isn’t the Penny we remember from “The Big Bang Theory.” This one is a badass soldier/leader, who can’t stop slapping Stuart, Kripke and Bert. Denise is there too, as is Penny’s ex-boyfriend Zack (Brian Thomas Smith).

    “A big part of it was offering them a challenge to do something entirely different,” co-creator and executive producer Chuck Lorre says of bringing back some of the original “The Big Bang Theory” cast members in new versions of their characters. “As you’ve seen in Episode 2, Kaley’s not playing the server in the Cheesecake Factory. It’s still Penny, and now she’s a badass guerrilla leader. That was part of the design from the very beginning. In a multiverse environment, these characters could recur as themselves, but with an entirely different backstory.”

    On “The Big Bang Theory,” which ran from 2007 to 2019, Penny moves into an apartment next door to Leonard (Johnny Galecki) and Sheldon (Jim Parsons); as the series progressed, Penny and Leonard became a couple and eventually married.

    At the end of Episode 2 of “Stuart Fails,” Penny’s secret hideout is discovered by the authoritarian bots that control human emotions, and just in time Stuart, Denise, Kripke and Bert fire up the Leonard, Sheldon and Howard quantum interference device that takes them to another universe: And next episode, it looks like things get a little magic.

  • Coinbase Misses on Q2 Earnings as Crypto Trading Activity Slows

    Coinbase Misses on Q2 Earnings as Crypto Trading Activity Slows

    In brief

    • Coinbase reported $1.22 billion in second-quarter revenue, and a net loss of $359 million, against an expected $1.29 billion in earnings.
    • Subscription and services revenue totaled $555 million, or 48% of net revenue.
    • Coinbase said its crypto trading market share reached a record 10.3% during the quarter.

    Coinbase reported $1.22 billion in second-quarter revenue on Thursday, down 14% from the previous quarter, and a net loss of $359 million.

    Coinbase shares fell sharply in after-hours trading, losing roughly 5% of its stock price, after missing on earnings estimates for the quarter. The company was expected to bring in $1.29 billion in Q2.

    According to Coinbase, total crypto spot trading volume declined more than 20% from the previous quarter as crypto asset prices fell and market volatility reached multi-year lows. Transaction revenue totaled $599 million—lower than the expected $628 million.

    Subscription and services revenue totaled $555 million, representing 48% of net revenue. Coinbase said the figure was below its previously forecast range of $565 million to $645 million because certain USDC-related commercial agreements closed later than expected and lower crypto asset prices reduced staking revenue.

    Stablecoin revenue totaled $292 million. Average USDC held across Coinbase products reached a record $20 billion during the quarter, representing more than 30% of USDC in circulation at quarter-end. Coinbase also said 88% of net revenue came from sources other than Bitcoin spot trading, compared with 45% in the second quarter of 2020.

    Coinbase said its crypto trading market share reached a record 10.3% during the quarter, its third consecutive quarter of market share gains. The company said it gained share in both spot and derivatives trading.

    In a bright spot for the company, prediction markets contracts and revenue grew 106% from the previous quarter and exceeded a $100 million quarterly annualized net revenue run rate, according to Coinbase. Average Borrow/Lend balances increased by more than $1 billion from a year earlier to $1.49 billion. The company also said the conditions for its commercial agreement with Circle to renew in August automatically had been met.

    The earnings report follows a busy second quarter for Coinbase.

    In May, the company became the first U.S. crypto exchange cleared to offer customers access to offshore crypto perpetual futures through its Deribit subsidiary. In June, Coinbase launched Coinbase for Agents, a platform that lets AI agents trade crypto, make payments and manage portfolios on users’ behalf. Later that month, the company announced plans to launch tokenized stock trading, crypto and equities options, along with new lending and rewards products.

    Coinbase ended the quarter with $8.6 billion in cash and cash equivalents and $10 billion in total available resources. During the quarter, the company repurchased 814,000 Class A shares. Year to date, it has repurchased nearly 7 million shares for $1.2 billion, leaving about $2 billion remaining under its share repurchase authorization.

    For the third quarter, Coinbase said transaction revenue totaled approximately $130 million through July 26. The company expects subscription and services revenue between $500 million and $580 million and adjusted expenses between $980 million and $1.08 billion.

    Despite the weaker-than-expected earnings report, Coinbase CEO Brian Armstrong remained optimistic about the future of the company.

    “Coinbase is no longer a bet just on the price of Bitcoin,” he said during the earnings presentation. “All of financial services are getting updated by crypto technology, whether that’s trading or payments or lending. And Coinbase is the best-positioned company in the world to power this. And of course, this next frontier is going to be agentic finance, where we’re an early leader.”

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  • Coinbase services push fails to offset Q2 trading slump

    Coinbase services push fails to offset Q2 trading slump

    Coinbase (NASDAQ: COIN) exchange posted $1.2 billion in second-quarter revenue for the period ended June 30, below the $1.3 billion analysts expected in an LSEG (LSE: LSEG) survey. Its loss reached $1.36 per share, far worse than the 17-cent loss Wall Street had penciled in. The company’s stock was immediately sold off following this news, resulting in more than a 7% decline after hours.

    The quarter was the company’s third straight miss on both sales and profit forecasts. Coinbase lost $359.5 million, compared with a $1.43 billion profit one year earlier. Earnings went from $5.14 per share last year to a $1.36 loss this time. Revenue also fell from $1.5 billion to $1.2 billion.

    Coinbase builds subscription products while weak trading keeps hurting revenue

    Bitcoin spent much of the second quarter stuck inside a narrow price band, as the market was healthier than it had been during the first quarter, but spot bitcoin ETFs faced a long run of withdrawals.

    Coinbase then saw reduced action in the two largest areas of its operations, as the company earned $599 million from transaction revenue and earned another $555 million through subscriptions and services.

    All of these figures fell below estimates and were lower compared to the previous year. The share of subscriptions remained larger compared to the total amount of revenues. For a number of years now, Coinbase has been seeking to reduce its dependency on trading commissions.

    Revenue from stablecoins totaled $292 million, a decrease of $17 million compared to the same quarter in 2025. The expectation from StreetAccount was for $327.2 million. The disappointment resulted from management’s continued emphasis on services such as $USDC, Coinbase One, Base, and others outside spot trading.

    Coinbase CEO Brian Armstrong said Coinbase reached a new record for its share of crypto trading and argued that the company can operate through any market. In the earnings release, he said, “Coinbase is no longer a bet just on the price of bitcoin.” Brian added, “All of financial services are getting updated by crypto, whether that’s trading or payments or lending,” and called Coinbase the best-placed company to supply that infrastructure.

    During the earnings call, Brian Jung of Jung Media asked why Coinbase appeared to be reconnecting with retail and crypto-native users after Brian appeared on Market Bubble and Cobie took control of the Base App.

    Coinbase’s Brian said, “Yeah, so we have lots of different groups that like to use Coinbase, and build on top of the Base Chain is even probably a broader group. And so, you know, we try to make an effort to connect with all of them. It’s really a pretty diverse group of people that use Coinbase, right? There’s the largest, like, GSIB banks in the world are building on our infrastructure.”

    Brian and Alesia detail how Coinbase plans to serve AI agents and grow $USDC

    Austin Hankwitz of Grit Capital asked whether AI agents would care about Coinbase’s reputation or simply choose the cheapest and fastest network. He noted that more than 90% of agent-driven stablecoin transaction volume settles on Base. Brian said price would matter, but not by itself. “AI agents are probably going to care about a similar set of things that humans would,” he said.

    As Brian put it, Base provides settlements for less than a cent within less than a second. Additionally, Brian noted that automated clients will require other factors, such as security, liquidity, legality, reliability, and uptime. He compared that choice with selecting Amazon’s (NASDAQ: AMZN) AWS for cloud infrastructure. “Trust will continue to be important in that world,” he said, adding that Coinbase plans to welcome AI agents as customers.

    Eric Pan of Ericnomics asked where Coinbase expects growth now that bitcoin-linked transaction revenue has fallen from more than half of company sales to 12%.

    Brian said, “At any given time in trading, there’s always something that’s up and something that’s down. That’s part of the Everything Exchange strategy. You’ve got to have all the shelves stocked so you have the inventory when that thing trends that week. And then on the non-trading fee side with subscription and services, we’ve seen good growth of that over the past years as well.”

    Coinbase wants enough products available so customers can trade whatever becomes popular at a given time. He said the wider menu should spread trading-fee income across more assets and products. Subscription and service fees, meanwhile, are meant to make company revenue easier to forecast.

    Chief Financial Officer Alesia Haas said paid Coinbase One memberships reached a record during the quarter, even as crypto trading volume fell. “We saw an all-time high in paid Coinbase One subscribers this quarter,” she said. Alesia said those members tend to use more of the platform’s products, giving Coinbase another way to increase customer activity without depending only on trading.

    Ken Worthing of JPMorgan Chase (NYSE: JPM) asked whether Coinbase’s deal with Hyperliquid gives large $USDC holders too much of the stablecoin’s economics.

    Alesia said institutions can hold $USDC on Coinbase and earn rewards, while retail users can do the same through Coinbase One. She said Hyperliquid was treated like any other customer, though its role in perpetual futures and market-making made the relationship important.

    Alesia said Coinbase was willing to share revenue because placing $USDC deeper inside Hyperliquid could increase liquidity, usage, and adoption across the wider network.

    Brian said the company would keep funding that push. He said $USDC already ranks first for stablecoin transaction volume and first among regulated stablecoins, but remains second to Tether by market value when less-regulated products are included.

  • ‘Spider-Man: Brand New Day’ Credits Scene Explained: Will Tom Holland Return in ‘Avengers: Doomsday’ or ‘Secret Wars’?

    ‘Spider-Man: Brand New Day’ Credits Scene Explained: Will Tom Holland Return in ‘Avengers: Doomsday’ or ‘Secret Wars’?

    SPOILER ALERT: This article contains major spoilers for “Spider-Man: Brand New Day,” now playing in theaters.

    Where in the world is Spider-Man going next?

    After saving New York City in “Brand New Day,” Tom Holland‘s friendly neighborhood Spider-Man looks like he’s heading off-world once again. The post-credits scene in the latest Sony and Marvel movie revealed that the hero will return to the MCU and seems to be leaving Earth in his next appearance.

    First, like many fans have theorized for months, Sadie Sink is playing X-Men member Jean Grey in “Spider-Man: Brand New Day.” She’s the primary antagonist in the movie, though it’s later revealed that the Department of Damage Control kidnapped and killed her older sister Sara. Once he realizes the cause of Jean’s Damage Control crusade, Spider-Man convinces her to release the psychic bubble she creates that freezes nearly every New Yorker at the end of the movie. He also saves her from getting shot by Jon Bernthal’s Punisher and gets hit by the sniper rifle bullet himself. At the end of the movie, Spidey recuperates, and Jean heads out of town (and possibly to Xavier’s School for Gifted Youngsters upstate).

    In the final moments of the movie, Holland’s Peter Parker runs into his former best friend Ned (Jacob Batalon) at a cafe. Due to Doctor Strange’s spell at the end of “No Way Home,” the world has forgotten who Peter is, so Ned only recognizes the stranger after he crashed his house party earlier in the movie. With nothing to lose, Peter reintroduces himself to Ned and they perform their secret handshake without missing a beat. All of a sudden, Ned seems to regain his memories of Peter just as the film ends. Does that mean Zendaya’s MJ could also remember Peter? Could true love’s kiss actually reawaken her love for him?

    Earlier in the movie, it’s also revealed that Ned has created a Spidey-tracking app that he uses to follow the hero’s location. During the post-credits scene, the app reappears as it attempts to pinpoint where the wall-crawler is. However, the Spidey Tracker starts to zoom out so far that it’s clear Spider-Man isn’t in New York City or even on Earth. The app locates the hero out in space, and then the movie announces that “Spider-Man will return” — but it’s unclear when or how.

    Currently, Holland isn’t on the call sheet for the sprawling cast of “Avengers: Doomsday.” The team-up film brings together many of the A-listers on the Avengers, Fantastic Four, X-Men and Thunderbolts teams, but no Holland. However, that doesn’t count out a surprise appearance or cameo from the web-slinger, especially considering the entire MCU is coming together to battle Robert Downey Jr.’s evil mastermind Doctor Doom.

    If Holland doesn’t reappear in “Doomsday,” then the post-credits scene could point to a role in “Avengers: Secret Wars,” the follow-up scheduled for next year. If the movie follows the comic run of the same name, it could bring together every hero from across the MCU multiverse into one dimension called Battleworld. In the comics, Battleworld stitched together all the different worlds and plopped every hero and their variant into one new universe. If the MCU followed suit, that could be the reason the Avengers, Fantastic Four and X-Men are eventually able to share one universe. Could that also bring together past Spider-Man stars Tobey Maguire and Andrew Garfield, who crossed over into “No Way Home”? Fans will have to wait and see in “Secret Wars,” but that could be how Holland lands his next MCU appearance.

  • Trump announces Hamas to disarm paving way for Israel to withdraw from Gaza

    Trump announces Hamas to disarm paving way for Israel to withdraw from Gaza

    NewsFeed

    US President Donald Trump said on TruthSocial that an agreement has been reached for Hamas to fully disarm, paving the way for an Israeli withdrawal from Gaza and the deployment of an international stabilisation force. Neither Israel nor Hamas has publicly confirmed.

  • Analyst Predicts Bitcoin Could Rally After 2026 US Midterm Elections

    Analyst Predicts Bitcoin Could Rally After 2026 US Midterm Elections

    • Bitcoin has historically entered bearish phases approximately one year prior to each US legislative election.
    • A Binance Research report notes that the asset dropped an average of 56% during completed midterm cycles since 2014.
    • Previous presidential elections showed a different behavior, with sharp rallies following candidates’ victories.

    Joao Wedson recently published an analysis asserting that the 2026 US midterm elections could mark the beginning of a Bitcoin price breakout. His analysis links market cycles to the US political calendar after recording repetitive patterns in previous periods.

    Bitcoin vs. U.S. Midterm Elections🇺🇸

    Bitcoin entered a bear market roughly one year before every U.S. midterm election.

    After the midterms, Bitcoin began a prolonged bull market.

    Every time a president won the election, Bitcoin rallied strongly. However, shortly after the… pic.twitter.com/cbxNfwInum

    — Joao Wedson (@joao_wedson) July 29, 2026

    Historical patterns in the US electoral calendar

    The correlation between cryptocurrency performance and political events shows that the asset tends to adjust its price before legislative votes. According to research shared by the Alphractal founder in a post on X, Bitcoin typically enters a bear cycle one year before midterm elections, only to begin a prolonged upward phase once the election process concludes.

    In certain historical cycles, the price bottom consolidated days before the vote, while in other cases it was recorded shortly after election day.

    On the other hand, presidential elections showed a different dynamic. The analyzed documentation points out that the asset has recorded marked increases following the confirmation of an election winner, approaching a cycle peak shortly after the presidential inauguration.

    As an example of this trend, the analyst cited XRP’s behavior. Following Donald Trump’s victory in the 2024 election, the token began an uptrend that culminated in a local peak on January 20, 2025, the date of the presidential inauguration.

    The data presented aligns with Binance Research findings published earlier this year. According to the firm’s report, Bitcoin experienced pricing difficulties during midterm election years, only to regain ground once political uncertainty faded.

    The Binance Research report details that the asset dropped an average close to 56% during completed midterm cycles since 2014. In contrast, during the year following those elections, the market recorded an average return of approximately 54%.

    Despite these historical comparisons, the analysis warns about the need to exercise caution when interpreting recent market readings. Wedson’s previous observations indicate that an isolated price rally does not, on its own, guarantee a structural shift in the trend.

    To confirm a cycle transition toward a bullish phase, the source points out that clear signals of capitulation, operational deleveraging, and the influx of new capital from short-term investors are required.

    Macroeconomic factors and current market scenario

    The macroeconomic context and the Federal Reserve’s monetary policy continue to exert influence over the digital market’s evolution. Three months out from the elections, Bitcoin’s price is hovering near $64,000. That amount represents a distance of nearly 50% from $126,000, the asset’s all-time high recorded in October 2025.

    CoinGecko data indicates that over the last 7 days, the pioneer cryptocurrency experienced a pullback of around 2.5%. However, the asset maintains a cumulative gain of nearly 8% over the past month.

    This behavior occurs in an environment where the US Federal Reserve decided to hold the benchmark interest rate in the 3.50% to 3.75% range. Global liquidity conditions and the performance of economic indicators in the months leading up to the vote will be decisive in validating whether history repeats itself.

    The next milestone for verifying these metrics will be the occurrence of the legislative elections in November 2026, at which point the market will observe whether the trend reversal projected by analysts consolidates.

  • US Escalation with Iran is ‘pointless’, warns former US diplomat

    US Escalation with Iran is ‘pointless’, warns former US diplomat

    NewsFeed

    As US-Iran clashes escalate, former US Ambassador to UAE Barbara Leaf warns escalation is ‘fairly pointless’ and delivers no decisive win. Leaf tells Al Jazeera that de-escalation and direct negotiation are the only ways to prevent wider regional danger.

  • NBC News Now Sets Debut Date For Christine Romans’ New Show

    NBC News Now Sets Debut Date For Christine Romans’ New Show

    NBC News Now will debut Christine Romans‘ new show on Monday, with a two-hour morning program featuring breaking news and politics, as well as segments on finance, business and technology.

    The 10 a.m. ET program is called Current with Christine Romans and was announced in April. Romans, who serves as chief business correspondent, joined the network in 2023 after 24 years at CNN.

    Romans said in a statement, “We’ll explain what’s happening, why it matters, and how decisions made in the halls of power around the world and on Wall Street affect people at the kitchen table. That will be the framing for everything we do.”

    The show also will feature a franchise, 50 States in 50 Days, that will be a partnership with NBC affiliates spotlighting “local solutions to national challenges.” The executive producer is Kerrie Wudyka.

    In April, the network also announced the expansion of NBC News Now to 14 hours a day of live programming.

  • Why a MAGA influencer’s shift to support Ukraine war is good for Trump

    Why a MAGA influencer’s shift to support Ukraine war is good for Trump

    NewsFeed

    One of the most prominent pro-Trump influencers, Laura Loomer, just made a major shift in her stance on Ukraine. One former White House advisor told Al Jazeera’s ‘This is America’ that her shift to support Ukraine could turn into an opportunity for Trump.

  • ABC Says Comments Overwhelmingly Favor License Renewals Despite FCC’s “Ongoing Retaliation Campaign” To Punish Network Over Trump Coverage

    ABC Says Comments Overwhelmingly Favor License Renewals Despite FCC’s “Ongoing Retaliation Campaign” To Punish Network Over Trump Coverage

    UPDATED, with FCC comment: ABC said that the FCC’s demand for an early review of its broadcast station licenses was part of an “ongoing retaliation campaign” to punish the network over its news coverage and create a chilling effect on free speech.

    In a filing made public on Thursday, the network’s legal team also warned that the FCC’s action — demanding an early review of the licenses for the network’s eight owned stations — reflected a wider effort to crack down on the media. The network’s filing identified multiple instances in which Trump has called for the network to lose its license.

    “The retaliation against ABC is a signal to every media company in the country: accommodate the Administration’s view of what news coverage should look like or pay the price,” the network’s legal team wrote.  “Across the government, regulatory and contracting carrots and sticks have been trained on disfavored speakers. The tools vary; the objective does not: a media industry too fearful of official reprisal to report the news freely.”

    ABC’s filing cited instances of threats that Trump has made against the network over its news coverage and its handling of the 2024 presidential debate, and referred to other instances in which the administration has gone after other outlets and political opponents.

    In April, FCC Chairman Brendan Carr, a Trump appointee, called for the network to apply for an early renewal of the station licenses, citing an investigation of the network’s diversity, equity and inclusion practices. Such an action is highly unusual, and the first of ABC station licenses were not set to expire until 2028.

    Carr then opened up a public comment proceeding, with conservative groups like the Media Research Center and the Center for American Rights calling for the network’s licenses to be pulled. The deadline for responses, including from ABC, was on Wednesday.

    The FCC chairman has not said when the agency will make a decision. But in a sign that the network has been preparing for a legal battle, it has recently retained Beth Wilkinson, who is part of the Paramount and Nexstar legal teams as they defend proposed mergers amid antitrust lawsuits brought by state attorneys general. Disney’s legal team is led by Horacio Gutierrez, chief legal and global affairs officer, and includes Paul Clement, the former solicitor general and Supreme Court lawyer, and Jennifer Tatel.

    The network said that its stations “easily meet the standard for license renewal,” which is a showing that they operate in the public interest. The network has cited support from a range of community groups, press freedom organizations and former FCC chairs and top ranking officials, as well as conservative and free market groups like Americans for Tax Reform.

    The network launched an ad campaign, urging viewers to weigh in with the FCC, warning that the agency is “questioning our commitment to the community.” More than 153,000 comments were submitted in the proceeding. ABC said that, based on an AI analysis of comments almost 86% of the tens of thousands of comments submitted to the FCC support renewal of the licenses, and another 10% objected to the FCC.

    In its filing, the network’s legal team wrote that the FCC has “resorted to intimidation,” citing Carr’s previous warnings over a joke that late-night host Jimmy Kimmel told about the aftermath of the Charlie Kirk assassination. On Benny Johnson’s podcast, Carr chided Kimmel for the remark, and said, “We can do this the easy way or the hard way. These companies can find ways to take action on Kimmel, or there is going to be additional work for the FCC ahead.”

    The ABC legal team wrote, “The FCC has spent the last 18 months searching for some pretext for revoking the Stations’ licenses. The Commission has found none, because the Stations easily meet the standard for license renewal—which under the law means that the Commission cannot revoke their licenses or order a hearing on their renewal applications.”

    ABC said that the DEI investigation has found no violation, while even “if any violation were ever substantiated, the Commission has a graduated set of well-established remedies far short of the corporate death penalty of license non-renewal.” The network’s legal team warned that any FCC sanction over DEI would raise due process concerns, as the policies being challenged were encouraged by the FCC two years ago, when Joe Biden was president and Democrats held a majority on the commission.

    Carr also has been investigating The View and whether it qualifies as a bona fide news program. That would make it exempt from the FCC’s Equal Time rule, which requires stations that feature political candidates to provide comparable time to rivals, if requested. The network also has pushed back on that proceeding, arguing that it received exemption guidance in 2002, and that the FCC was selectively enforcing the rule.

    Among the groups also weighing in recently was the National Association of Broadcasters, which warned that the early renewals “will inevitably discourage investment in the broadcast industry.” They, too, contended that editorial decisions were constitutionally protected and outside the bounds of the agency’s authority.

    A spokesperson for the FCC said, “For decades, Americans of all stripes have been subsidizing broadcast media to the tune of many billions of dollars by giving TV stations free use of a valuable, public resource—the airwaves.  In exchange, broadcasters are required by law to operate in the public interest—not in the narrow or partisan interests of a political party.”

    The spokesperson added, “Broadcasters know that they are prohibited from engaging in invidious forms of DEI discrimination, that they must comply with political equal opportunity regulations, and that they are barred from running broadcast hoaxes or distorting the news.  The FCC is going to hold broadcasters accountable to the full extent of the law, regardless of any disinformation campaign that some of them may choose to run.”

    Technically, the FCC licenses stations, not networks. During his tenure at the FCC, Carr has said that he wants to boost local stations in their leverage vis a vis the major networks, while defending his investigations into programming as within the bounds of the agency’s authority. He has cited the requirement that stations serve the public interest, a rather broad term that has invited complaints over the network’s news and other coverage.

    In its petition to deny ABC station licenses, the Center for American Rights argued that the network show “a consistent and overt partisan bias to its programming over multiple shows.” Other arguments raised included that its stations run a “race and culture effort that intentionally brings an ideological agenda to local newsrooms and documentary shows.”

    Among other things, they cited Kimmel’s political donations and partisan activity and claimed that he uses his show as a “propaganda platform to advance his personal political views.” They pointed to the partisan bent of his jokes and guests, as well as “his infamous 2024 pre-election plea to vote for Kamala Harris delivered nationwide over the airwaves, which would have cost millions of dollars if it had been classified as an advertisement rather than a show monologue.”

    In the network’s filing, ABC’s legal team wrote that the agency has “repeatedly emphasized” that it has limited authority to act on content complaints. They noted that the agency long ago abandoned the Fairness Doctrine, which required stations to present varying points of view on issues of public importance. The FCC’s news distortion and broadcast hoax policies, ABC’s legal team said, are very narrow in scope.

    While the petitioners calling for license revocations do not invoke the news distortion policy, the network’s legal team noted, “they nevertheless complain that ABC ‘routinely broadcasts misinformation, disinformation, and other fake news’ and that various ABC network programs aired too many ‘anti-Trump team reports,’ too much ‘positive’ coverage of Kamala Harris, and did not devote enough time ‘letting viewers know just how much Trump had reduced border crossings compared to his predecessor.’  But these are complaints about editorial balance—decisions about which stories to cover, which candidate to feature, and how much emphasis to give different topics—or editorial commentary.”

    They added, “Denying the Stations’ renewals just because they aired ABC network programming that the Commission later deemed ‘DEI TV’ or too ‘anti-Trump’ would stretch the rule far beyond the First Amendment’s bounds.”

    Anna Gomez, the sole Democrat on the FCC, said in a statement that a “small number of partisan voices tried to hijack this process into a referendum on a network they dislike, but the public refuses to let local stations become collateral damage in the FCC’s political games. The FCC has no authority to police the ideological balance of the airwaves, and no matter what this Commission does next, the record now makes clear that this was never a genuine search for the public interest.”