FCC Eases Rule on Foreign Ownership of TV and Radio Stations
Source: Variety
The FCC voted to allow foreign entities to invest more than 25% in broadcast stations, although the agency will still determine whether such investments can be made on a case-by-case basis.
Commissioners on Thursday described the 25% cap as outdated, especially as foreign ownership above that threshold has been allowed for telecommunications.
FCC chairman Tom Wheeler, presiding over his first open commission meeting, said that the change should help free up capital for broadcasters, helping improve local broadcasting, minority media ownership and a more efficient use of spectrum. He noted that the agency was still free to review national security and other concerns in making a decision on whether to grant an ownership stake. “This will be a case-by-case detailed review of whatever information is presented,” he said.
All five commissioners voted for the change.
Read more: http://variety.com/2013/biz/news/fcc-eases-rule-on-foreign-ownership-of-tv-and-radio-stations-1200831953/
= new reply since forum marked as read
srsly, that's the only reason he became a U.S. citizen: so he could buy U.S. TV stations. God Bless America! 
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