Just days after Paramount Skydance CEO David Ellison enjoyed a dinner with the Chairman of the FCC and the Commander-in-Chief, the FCC has established a pleading cycle seeking public comment on whether or not the CBS Stations parent can exceed current limits on its foreign equity interest holders.
A Petition for Declaratory Ruling filed on Friday with the FCC requests that the Commission find that it would serve the public interest to allow Paramount to to accept indirect foreign equity and voting interests in excess of the 25% benchmarks stated in the Communications Act.
As CBS Stations is comprised of 28 stations, FCC approval is needed for greater foreign investment in Paramount. It is directly linked to the Paramount-Warner Bros. Discovery proposed merger, and involves proposed holdings from entities in Saudi Arabia, the United Arab Emirates, and Qatar.
- Interested persons must file comments no later than May 27, 2026.
- Replies must be filed no later than June 11, 2026.
All filings concerning matters referenced in this Public Notice should refer to MB Docket No. 2693.
