Foreign Ownership Changes Could Lead to New Investment Opportunities

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Eve-ReedBy Eve K. Reed and Kathleen Scott


Public comments on the FCC’s proposed rulemaking to streamline broadcast foreign media ownership are due on December 21, and reply comments will be due on January 20, 2016 (to GN Docket No. 15-236.)

On October 22 the FCC issued a Notice of Proposed Rulemaking proposing to simplify the process for broadcast companies to obtain Commission consent to exceed the 25% benchmark set by Section 310(b)(4) of the Communications Act for foreign investment in their parent companies. The NPRM also seeks comment on the methodology that all companies subject to Section 310(b)(4) must use to determine their aggregate level of foreign ownership.

Here, Reed (ereed@wileyrein.com) and Scott (KScott@wileyrein.com) go over the key takeaways in the NPRM.

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