In new Chairman Tom Wheeler’s first open FCC meeting since his confirmation late last month, the commission today eased the rules on foreign ownership of broadcast stations. Dispensing with the old 25% cap, now overseas companies can invest more than that in American outlets. Of course, it isn’t an automatic process. In its vote Thursday, the commission said will assess on an individual basis each such investment. The change came as no real surprise: It was introduced in late October by then-Acting Chair Mignon Clyburn. Today, the change passed unanimously with all five commissioners voting for it. The new rule was widely supported by the likes of NAB to the Minority Media & Telecommunications Council, which had pushed for such easing.
FCC Relaxes Foreign Ownership Rules
What's Hot on Deadline
Hollywood Cowardice: George Clooney Explains Why Sony Stood Alone In North Korean Cyberterror Attack
Sony Responds To President Obama's Criticism: "We Had No Choice," Still Hope To Release 'The Interview'
Obama: Sony Made Mistake Pulling 'The Interview'; U.S. Will Respond Proportionally At Time And Place We Choose -- Update
More From Patten
- North Korean Link To Sony Hack Shifts Legal Landscape For Studio
- North Korea “Responsible” For Sony Hack, FBI Confirms
- WME Owned IMG Hit With Latest Intern Class Action Lawsuit
- MPAA Hits “Shameful” Google Over Sony Hacking Revelations – Update
- Sundance 2015: Edgar Wright, Cary Fukunaga & Jonathan Nolan Among Fest's Jury Members