Walt Disney Stock News

Every public company has to disclose it, and it is easy to find in the Walt Disney Co.

The chair of the Federal Communications Commission said on social media Friday he asked the enforcement bureau of the FCC to open an investigation into Disney and ABC over concerns that the company may have been “violating FCC equal employment opportunity” with its diversity equity and inclusion programs.

F.C.C. chairman Brendan Carr sent a letter to Disney accusing it of violating equal employment opportunity regulations.

The agency has threatened to use its powers to combat diversity programs.

The Federal Communications Commission plans to open an investigation into the diversity, equity and inclusion practices at Walt Disney Co. and its ABC network, the agency's chief said on Friday, marking the latest such regulatory probe into a large media company since President Donald Trump returned to the White House.

Communications services companies slid as the Federal Communications Commission reportedly prepared to launch an investigation into Walt Disney.

Federal Communications Commission says its DEI efforts may breach equal employment opportunity regulations

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 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.