Trump is threatening broadcast station licenses – what that means, and how it all works

1. Disney pulls 'Jimmy Kimmel Live!' from ABC amidst political controversy. 2. FCC Chairman Carr threatens to revoke licenses for networks perceived as biased. 3. Potential license revocations could disrupt major broadcasters like NBC. 4. Nexstar and Sinclair seek to consolidate local TV stations amid shifting media landscape. 5. Streaming growth leads to declining pay-TV subscribers affecting traditional broadcasters.