More broadcast groups tell the FCC they support the investment possibilities opened up by relaxing the foreign ownership rules.
Media General calls the changes “long overdue” and says they would increase competition.
The broadcast owner also says the relaxation would foster reciprocal investment opportunities for U.S. broadcasters abroad.
Media General agrees with NAB “a more clearly defined review and approval process will provide licensees greater transparency and predictability.”
NAB tells the commission: “Commenters demonstrate that the commission’s foreign
ownership calculation methodologies need to be updated to take into account the modern prevalence of electronic stock exchanges and the adoption of stockholder privacy regulations by the Securities and Exchange Commission.”
CBS Corporation, The Walt Disney Company, 21st Century Fox, Inc., and Univision said wireless carrier T-Mobile supports the changes too and that the company “competitor in the wireless telecommunications market that can be said to owe its very existence to the commission’s previous liberalization of foreign investment in common carrier (and other non-broadcast) licensees.”
