FCC investigating Disney, ABC for DEI initiatives

FCC investigating Disney, ABC for DEI initiatives


The main gate at The Walt Disney Studios in Burbank, California, on Sept. 25, 2023.

Mario Anzuoni | Reuters

The Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and inclusion efforts at the media giant.

The FCC, the agency that regulates the media and telecommunications industry, said in a letter dated Friday that it wants to “ensure that Disney and ABC have not been violating FCC equal employment opportunity regulations by promoting invidious forms of DEI discrimination.”

“We are reviewing the Federal Communications Commission’s letter, and we look forward to engaging with the commission to answer its questions,” a Disney spokesperson told CNBC.

FCC Chairman Brendan Carr, who was recently appointed by President Donald Trump, began a similar investigation into Comcast and NBCUniversal in early February. The inquiry comes after Trump signed an executive order looking to end DEI practices at U.S. corporations in January. The order calls for each federal agency to “identify up to nine potential civil compliance investigations” among publicly traded companies, as well as nonprofits and other institutions.

“For decades, Disney focused on churning out box office and programming successes,” Carr wrote in the letter to CEO Bob Iger. “But then something changed. Disney has now been embroiled in rounds of controversy surrounding its DEI policies.”

An FCC spokesperson didn’t comment beyond the letter.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC.



Source

How Kodak is trying to turn around its business after teetering on bankruptcy
Business

How Kodak is trying to turn around its business after teetering on bankruptcy

On Jim Continenza’s first day on the job as Eastman Kodak executive chairman in 2019, he got a call from a star Hollywood filmmaker telling him the company was making a big mistake. The photography technology company was in the process of shutting down its acetate factory, which makes one of the key ingredients used […]

Read More
The Masters has become the biggest event of the year for private jet companies
Business

The Masters has become the biggest event of the year for private jet companies

Vista House, a private home in Westlake, Georgia, sponsored by Vista Global during the Masters. Credit: VistaJet A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private jet companies are rolling out […]

Read More
DOJ launches probe into NFL over media rights packages and antitrust concerns
Business

DOJ launches probe into NFL over media rights packages and antitrust concerns

The U.S. Department of Justice has opened an investigation into the NFL over potential anticompetitive tactics, a government official told CNBC. The investigation stems from questions about “affordability for consumers and creating an even playing field for providers,” the official said. The government’s investigation comes as the NFL is looking to renegotiate media rights deals […]

Read More