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Gregory Masters

Gregory Masters

Greg Masters is an experienced regulatory and transactional attorney who advises national, regional, and local media companies on regulatory compliance, structures and negotiates media transactions, and represents media companies in enforcement actions and disputes.

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FCC Grants Pandora Relief from the Communications Act’s 25% Foreign Ownership Limit, Signals Intent to Consider Revising Broadcast Foreign Ownership Compliance Mechanisms in the Future and Provides Limited Guidance Regarding Compliance in the Meantime

Posted in Broadcast Regulation, Foreign Ownership, Transactions
As we predicted last week, the Federal Communications Commission (FCC or Commission) has acted on the request by Internet streaming music provider Pandora for permission to exceed the 25% benchmark for foreign investment in broadcast licensee parent companies imposed by Section 310(b)(4) of the Communications Act. In the Pandora Ruling, the FCC authorized foreign investors… Continue Reading

FCC Could Decide Soon Whether Pandora Can Exceed Foreign Ownership Limit

Posted in Broadcast Regulation, Foreign Ownership
The Federal Communications Commission (FCC) is poised to decide whether Internet streaming music provider Pandora can exceed the Commission’s foreign ownership limit in its acquisition of a South Dakota radio station.  As we previously wrote, in June 2014, Pandora filed a Petition for Declaratory Ruling requesting authority to exceed the 25% benchmark for foreign investment… Continue Reading

Guidance for Media Companies and Investors: What To Expect When Seeking Approval Under § 310(b)(4) for Foreign Ownership Over the 25% Benchmark

Posted in Broadcast Attribution, Broadcast Regulation, Foreign Ownership
As we reported back in November, the Federal Communications Commission (FCC or Commission) issued a Declaratory Ruling announcing that it will consider proposals for foreign investment in the parent company of a broadcast licensee in excess of section 310(b)(4)’s 25% benchmark on a case-by-case basis.  This declaratory ruling potentially opens the door for media companies… Continue Reading