FCC OKs Smaller Pre-Approval Percentage Of Global’s iHeart Stake


An effort by iHeartMedia to cap the FCC’s advance approval of any investment in the audio content and distribution giant by Michael Tabor-controlled Global Media & Entertainment at just under 15% has proven successful.

As such, GMEI, which bankrolls some of Great Britain’s biggest radio brands, will not get pre-approval from the Media Bureau to hold up to 49.99% nonvoting interest in iHeart.

But, GMEI withdrew that request in some six weeks ago.

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