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.
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