With Foreign Ownership OK, Global Funder Invests in iHeart


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.

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