Michelle opens the episode with an exploration of the FCC's recent deregulation efforts and the varied responses from the radio industry. She discusses the FCC's investigation of WCBS-TV, considering its potential impact on the news media landscape. The episode highlights the growing support for the AM Radio for Every Vehicle Act, reflecting on its implications for the industry. Michelle also covers SiriusXM's recent layoffs and strategic shifts, including the introduction of a new ad-supported tier. The episode concludes with key takeaways and a summary of the main topics discussed, providing listeners with a comprehensive overview of current industry trends.