HOME > NEWSROOM > MEDIA SOURCE > FCC > FCC Tries to Spark Foreign Capital Infusion Into Stations

FCC Tries to Spark Foreign Capital Infusion Into Stations

November 11, 2013

Tom Wheeler will kick off his tenure as Federal Communications Commission chairman by relaxing restrictions on foreign ownership of TV and radio stations when he presides over his first FCC meeting Nov. 14.

The move is intended to draw much-needed new capital to the broadcasting business.

Since passage of the Communications Act of 1934 the FCC has capped foreign investment in broadcast licensees at 25% and only once has the commission waived the rule, in 1994 when it retroactively approved Australia-based News Corp.'s (NWS_) purchase of U.S. television stations 10 years earlier.


Get the Media Source Newsletter on your smartphone or tablet now!

iphone
Android

 


Latest News

Reminder: ALL DTV Broadcasters Must File Form 317 by December 1

Attention, all DTV broadcasters! It’s that time of year again. Your Form 317 is due at the FCC by December 1.

Posted

Pai: "First Amendment Under Assault"

FCC Commissioner Ajit Pai, speaking at a Media Institute Awards banquet Tuesday evening, said the First Amendment "is regularly under assault...

Posted

Consumers Could See A 16% Increase in Broadband Taxes Due To Net Neutrality

The Internet has been talking about President Obama’s stance on net neutrality...

Posted

MDA paramedic Akiva Pollack talking about a terrorist shooting in Jerusalem, Nov. 18, 2014

When paramedic Akiva Pollack entered Bnei Torah Kehillat Ya’akov synagogue in Jerusalem...

Posted

More News


Headlines