Summary
Federal Communications Commission Commissioner Anna Gomez said the agency should examine the foreign ownership and interests involved in the proposed merger between Paramount Global and Warner Bros. Discovery.
Bloomberg Law
"The
- Foreign governments and their representatives are prohibited from owning the FCC-regulated broadcast licenses of CBS, a Paramount subsidiary, under federal law, the statement says
- “Any indirect foreign ownership above 25 percent requires Commission approval after a serious look into whether that arrangement serves the American public and protects our national security..."
This article was originally published in Bloomberg Law.
