Broadcasters welcome relaxing of foreign ownership rules

The NAB is backing a regulatory change by the Federal Communications Commission that would ease foreign investment in broadcast stations by considering lifting the 25% cap on a case-by-case basis. "We are especially pleased the FCC recognized that local broadcasters routinely provide 'local news, Amber Alerts and public safety information' to serve our communities," NAB President and CEO Gordon Smith said. "The vote provides broadcasters greater access to capital that will allow local stations to continue our indispensable role as the primary purveyor of news, entertainment and lifeline information to the American people."

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Los Angeles Times (tiered subscription model) · Radio Ink · Broadcasting & Cable

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