Owned-and-operated Television Stations In The United States
In the United States, owned-and-operated television stations (frequently abbreviated as O&Os) constitute only a portion of their parent television networks, due to ownership limits imposed by the Federal Communications Commission (FCC). Currently, the total number of television stations owned by any company (including a television network) can only reach a maximum of 39% of the country; in the past, the ownership limit was much lower.
Read more about Owned-and-operated Television Stations In The United States: Distribution, Ownership and Network Changes, O&O Stations of The Major TV Networks in The United States
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