The FCC has ordered a review of Disney’s ABC licenses after Trump called for Kimmel to be fired

Trump-appointed FCC Chairman Brendan Carr has ordered a review of the licenses of eight Disney-owned ABC stations, following President Trump and First Lady Melania Trump’s demand that ABC fire Jimmy Kimmel after his April 23 joke about Melania. Kimmel’s market for layoffs or resignations by May 31 is at 5.5% YES, down from 8% yesterday.

Market performance

The price has fallen by 43 points in the last 24 hours as traders who initially offered the contract changed direction. The maximum movement of one candle went from 50% to 8%. The depth of the Order book is $ 6,265 in USDC moving the price 5 points, which indicates strengthening.

Why is it important?

The FCC has never used license reviews as a direct guide to what the president wants a network to do. The Trump administration is using government pressure on Disney to take action against Kimmel. Market to 5.5% YES indicates that the marketers believe that Disney will not shoot a night owl for a joke, even under pressure.

For you to see

At 6¢, a YES share pays $1 if Kimmel is fired or resigns by May 31, a 16.7x return. In order to do so, Disney may have to yield to political pressure, which makes stock prices untenable without further increases. Answers from Disney executives like Bob Iger or Dana Walden would be very helpful. Any formal FCC complaints, contract lawsuits, or new public statements from Trump could also move the deal.

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