This paper examines the relationship between television station ownership characteristics and local news and public affairs programming through an expanded analysis of data from the Federal Communication's Commission (FCC's) recent study of Big Four broadcast network affiliates. The results indicate that the FCC's conclusion that network‐owned and operated stations provide more local news and public affairs programming than other affiliates, and that stations with newspaper holdings provide more local news and public affairs programming than stations without newspaper holdings holds up only when these two program types are analyzed in combination. When these two program types are analyzed independently, and when additional explanatory factors are taken into consideration, these ownership characteristics are positively related to news programming, but not to public affairs programming.