A U.S. Court of Appeals has handed down a decision providing the FCC 90 days to complete the 2018 quadrennial review. The NAB has shared their pleasure with the decision.

“NAB applauds the Court for recognizing the vital importance of the FCC completing its long overdue 2018 quadrennial review. Today, broadcasters’ service to communities across the country is imperiled by the Commission’s failure to modernize its decades-old media ownership rules,” NAB President and CEO Curtis LeGeyt said. “This ruling is an important step to compel a review that the record makes clear is necessary to allow local broadcasters to more fairly compete and deliver our trusted, locally-focused programming in a transformed media marketplace.”

Earlier this year, the NAB threatened to sue the FCC if it did not respond to a request to postpone the 2022 review until the 2018 review was completed. FCC Jessica Rosenworcel subsequently shared that changes to the commission’s ownership rules were still a work in progress, despite the legal challenges facing the quadrennial review.

However, the broadcaster group has shared its intention of working together with the FCC to find a resolution.

“NAB looks forward to actively engaging with the FCC to forge a path forward and reinforce the essential service provided by free, local broadcast stations in communities across the country.”

The profitability of X, formerly Twitter, has been a hot topic since the social media platform was purchased by billionaire Elon Musk. His hand-picked CEO, Linda Yaccarino, says the company will be in the black in 2024.

While appearing at the Code Conference, Yaccarino said that since she has taken on the role of CEO, she know sees a path to profitability for the company.

“Now that I have immersed myself in the business, and we have a good set of eyes on what is predictable, what’s coming is that it looks like in early ’24, we will be turning a profit,” Yaccarino said.

During the interview, which has been labeled by observers as “odd” and “uncomfortable, Yaccarino claimed, “90% of the top 100 advertisers have returned to the platform in the last 12 weeks alone.”

In its first 13 years of operation, the social media company has yet to turn a profit. However, the insinuation of profitability by Yaccarino isn’t the first time she’s claimed the company was close to being in the black. In an interview with CNBC in August, she said the platform was “pretty close to breakeven”.

Yaccarino added that she views X as “a new company”, saying it’s a “new day”. She continued by noting that her belief is X is “building a foundation on expression and freedom of speech”, whereas Twitter was “operating on different sets of rules…different philosophies and ideologies that were creeping down the road of censorship”.

Earlier this month, a report surfaced claiming Nextar Media Group was exploring a potential purchase of the ABC television network. Allen Media Group — controlled by billionaire Byron Allen was also an interested party, but he believes Disney isn’t quite ready to part with the network.

During a discussion with CNBC’s Julie Boorstin at the Code Conference, Allen — who currently owns 27 local television stations in 21 markets, as well as The Weather Channel — confirmed he placed a $10 billion bid to purchase the network, adding that “Capital’s not an issue” for his acquisition.

Allen’s interest in purchasing the network — which he says he’s entertained for nearly a decade — comes after The Walt Disney Company’s CEO Bob Iger publicly questioned whether or not linear television is “core” to the company’s business going forward.

However, Allen shared his belief that Iger “is not ready” to sell the network.

“These legacy companies are trying to reinvent themselves,” Allen said. “It’s like they’re trying to build a new airplane mid-air while they’re flying their old airplane, in a publicly traded entity. This is a very challenging thing to accomplish,” Allen said. “Bob is excellent at what he does, he’s phenomenal, he’s the best person to do it, but whoa, they’re asking him to do something that has not occurred in the last 100 years.”

He then stated that ABC, and linear television as a whole is “really integrated into everything Disney. That’s the hard part.”

Byron Allen then joked that he is going to treat his interest in acquiring the network like “a lion chasing a gazelle”.