FCC Ruling Expands Broadcaster Access To Foreign Capital

Law360, New York (November 21, 2013, 11:31 PM EST) -- On Nov. 14, 2013, the Federal Communications Commission unanimously adopted a declaratory ruling granting a request by the Coalition for Broadcast Investment to relax a longstanding de facto cap on foreign investment in broadcast companies.

Background

On Aug. 31, 2012, following extensive outreach to FCC commissioners and staff, the administration and dozens of congressional offices, the Coalition for Broadcast Investment, a group of more than two dozen major national broadcast networks, television station owners and operators, and consumer and public interest organizations, submitted a letter requesting...
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