Media Bureau opens renewal review for former NewsNet license
The Media Bureau has established a comment period to determine the license renewal for the company previously operating the defunct NewsNet. This process will guide the Bureau's decision on the license for the entity. The company was founded by the inventor of 5-Hour Energy.
Key Takeaways
- The Media Bureau has established a comment period for the former NewsNet operation.
- The renewal review covers licenses tied to the now-defunct NewsNet.
- NewsNet was bankrolled by the man who invented 5-Hour Energy.
- The pleading cycle will guide the Media Bureau’s renewal decision.
Why It Matters
This immediately puts the former NewsNet licenses under formal regulatory review, with the Media Bureau using a comment period to decide renewal. It also shows how licensing issues continue to follow defunct streaming or video-news operations even after the service itself has gone dark. The specific signal to watch is the Bureau’s final renewal decision after the pleading cycle closes, since that will determine the status of the underlying licenses.
Read full article at rbr.com
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