Investing

FCC is investigating Disney and ABC for DEI initiatives

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 NBC News.

This post appeared first on NBC NEWS

Related posts
Investing

L.A. County sues Roblox, alleges platform makes it easy for adults to target children

3 Mins read
Los Angeles County filed a civil lawsuit against Roblox, alleging that the platform markets itself as a gaming experience for…
Investing

CFTC chief sides with prediction markets over state regulators in a high-stakes court case

2 Mins read
The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of…
Investing

Warner Bros. Discovery reopens talks with Paramount

3 Mins read
Warner Bros. Discovery said Tuesday that it was reopening talks with Paramount Skydance, giving the studio a week to rival…