The FCC’s months-long review of Paramount Global‘s request to authorize sovereign wealth funds from Saudi Arabia, the United Arab Emirates, and Qatar to hold up to 100% of the equity in its CBS Television Stations — a decision six Democratic Senators wondered in May if FCC Chairman Brendan Carr could evaluate impartially — has concluded.
On delegated authority, the Chief of the Media Bureau’s Video Division granted the company’s Petition for Declaratory Ruling — triggering criticism from the lone Democrat serving as a FCC Commissioner and from a fired Commissioner on the Federal Trade Commission.
