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!
Mergers in the communications space are a reaction to increasing competition from online and other video providers...Posted on July 23, 2014
Russian president Vladimir Putin has signed a new law that forces firms operating web services in the country to store Russian citizens’ data there..Posted on July 23, 2014
NEW DELHI (Worthy News)– Church leaders in India have petitioned Chhattisgarh state to reverse its ban on non-Hindu religious activity...Posted on July 23, 2014
Worried that you are not getting the broadband speed that your Internet service provider promised? The FCC has an app for that...Posted on July 23, 2014