FCC Mulls Over Raising Limits on Foreign Ownership of Broadcast Stations
[Commentary] Should the Federal Communications Commission be open to allowing non-citizens and foreign companies to hold more than a 25% equity interest in U.S. radio and television stations? The deadline for public comments is April 15, with reply comments due by April 30.
The Coalition for Broadcast Investment -- comprised of national broadcast networks, radio and television station licensees, as well as community and consumer organizations -- is urging the FCC to publicly commit, going forward, to considering on their individual merits transactions proposing significant foreign investment in broadcast stations, rather than reflexively rejecting foreign ownership above the 25% mark, as the FCC has traditionally done when reviewing broadcast transactions.
FCC Mulls Over Raising Limits on Foreign Ownership of Broadcast Stations