The FCC has announced it’s waiving its rules limiting foreign equity ownership to 25 percent in the Paramount-Warner Bros. case and will allow three sovereign wealth funds run by the governments of Saudi Arabia, Qatar, and Abu Dhabi to own 49.5 percent of the company.
During Brendan Carr’s tenure, the FCC has repeatedly threatened ABC, tried to block stations from airing interviews with Democrats, censored late-night TV hosts, and tried to bully journalists. However, it seems to have no qualms with repressive foreign governments owning a significant stake in a giant American media conglomerate.
In its ruling, the FCC defended the decisio …
Read the full story at The Verge.
More in Technology
OpenAI and Microsoft knew they were starting a ‘doom loop’ for the web
September 18, 2026
FAA tees up $875M AI tool to help manage air traffic congestion
September 18, 2026
Virginia governor creates an AI task force and moves to restrain data centers
September 18, 2026
Disney’s first CTO is Character.AI’s former CEO
September 18, 2026
FCC lets Paramount sell 49.5% equity stake to Saudi Arabia, UAE, and Qatar
September 18, 2026
Finding the cells that put our brain to sleep
September 18, 2026
Latest News
India, Nepal seek to ease trade, transit bottlenecks as commerce recovers
September 19, 2026
Lockheed Martin F-35 Lightning II: What the $24.3 billion US-Saudi deal means for the Middle East
September 19, 2026
Pakistan suicide attack: 16 killed, including 5 police personnel, as explosives-laden vehicle hits Kohat police facility
September 19, 2026
SC stays high court order striking down provision on income tax reassessment process
September 19, 2026
‘Totally unacceptable to us’: India condemns Houthi attacks, flags Red Sea security risks
September 19, 2026
iPhone langar announced in Chandigarh: 10 lucky people among 1,000 to get iPhone 17 and above, here's the only condition
September 19, 2026