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

It's Official: FCC Proposes OTT Reclassification

It is now official, except for the commissioner's statements. The FCC has voted unanimously—three Democratic "yes" votes, two Republican...

Posted

Drew Clark: The Year of Community and Municipal Gigabit Broadband

December 18, 2014 – While net neutrality captured Washington policy headlines, the most significant communications development in 2014 was...

Posted

Billy Graham's Focus on the Gospel Remains Strong at 96, Says Daughter

Billy Graham is still focused on spreading the good news found in the Bible, says his daughter Anne Graham Lotz...

Posted

NRB Network Adds New Hour of Power with Bobby Schuller to its Sunday Program Lineup

NASHVILLE, Dec. 18, 2014 /Standard Newswire/ -- Leading Christian educational television channel NRB Network has added the Hour of Power...

Posted

More News


Headlines