With Foreign Ownership OK, Global Funder Invests in iHeart

0

In early November 2020, the No. 1 audio media company in the U.S. received an affirmative Declaratory Ruling from the FCC in response to its request to increase its authorized aggregate foreign ownership from 25% to 100%.


With the decision by the Pai Commission, iHeartMedia gained the ability to become fully foreign-owned, should it choose to go that route.

That’s not likely, but a recent Securities and Exchange Commission filing getting lots of coverage in the British press confirms iHeart ownership has just gone “Global” — sort of.

Please Login to view this premium content. (Not a member? Join Today!)
You do not have permission to view the comments.

Leave a Reply

Your email address will not be published. Required fields are marked *