You could see this coming. This is all about the F.C.C. cracking down on these shady "sharing" agreements that broadcasters have begun to use to avoid F.C.C. media ownership rules.
It was a three step process.
1. Billionaire Broadcasters figure out way to avoid rules.
2. F.C.C. calls them on it, and says "no more".
3. Billionaire Broadcasters sue.
If there's one sure thing in America, it's that billionaires will get what they want eventually. Rules don't apply to them, and if they do, they will have the rules changed.