FCC vote could pave way for more foreign investment in TV, radio stations

The Federal Communications Commission at its Nov. 14 meeting is set to approve a resolution that could make it more feasible for foreign companies to invest in TV and radio stations. The measure will signal the FCC's openness to individual waivers that would allow a foreign entity to surpass the federally mandated 25% ownership cap. The move would allow "increased access to capital and potential new investors for the broadcast sector," said acting FCC Chairwoman Mignon Clyburn.

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