Global Assails iHeart Foreign Ownership Thwart As FCC ‘Poison Pill’


On April 9, the FCC established a formal pleading cycle that seeks public comment on iHeartMedia‘s request to win Commission approval for greater foreign ownership and non-U.S. investment.

It is tied to the audio media giant’s petition for declaratory ruling seeking FCC approval of a stake in the company controlled through Bahamas-based Global Media & Entertainment Investments Ltd. by one of Great Britain’s wealthiest individuals.

Legal counsel for this person, Michael Tabor, have now responded to the Commission. In the filing, GMEI’s position is clear: the PDR represents iHeart’s desire to use the FCC as a “poison pill.”

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