FCC Considers Foreign Ownership Next


FCC2014The FCC is taking up broadcast foreign ownership at its next public meeting.

The commission will consider a Notice of Proposed Rulemaking that would streamline the foreign ownership review process for broadcast licensees and applicants, and standardize the review process for broadcast, common carrier and aeronautical licensees and applicants.

The change would make it easier for stations to obtain a waiver to the 25% foreign ownership cap; the change is similar to the waiver for common carriers seeking exemptions from the cap.

However, the FCC will not alter its ban on foreign government ownership of broadcast outlets or its 20% restriction on direct foreign stakes.

The next open meeting is Oct. 22.