FCC Updates Foreign Ownership Compliance Policies for Broadcast Companies
Broadcast Law Blog
OCTOBER 3, 2016
At the FCC’s open meeting last week, the Commission adopted new policies for assessing and computing foreign ownership of broadcast companies – particularly such ownership in public companies. The rules adopted last week were principally an outgrowth of the petition for declaratory ruling filed by Pandora which sought FCC approval, in connection with its acquisition of a radio station, for foreign ownership of greater than 25%.