The Federal Communications Commission (FCC) has released a public notice setting October 12, 2018 as the initial deadline for “United States-based foreign media outlets” to file reports with the FCC. The reports are required pursuant to the John S. McCain National Defense Authorization Act for Fiscal Year 2019 (NDAA) and must contain certain specified information.… Continue Reading
Search Results for:
Now Effective – The FCC’s Streamlined Broadcast Foreign Ownership Rules and New Rules Governing Foreign Ownership Compliance
Posted in Broadcast Regulation, Foreign Ownership, TransactionsWith the publication of an announcement in the Federal Register on April 20, 2017, the FCC’s new foreign ownership rules, originally adopted on September 30, 2016, are now finally effective. The FCC’s September 2016 order made two significant changes to the agency’s foreign ownership rules. First, the new rules contain “streamlined” procedures that broadcasters must… Continue Reading
FCC Grants First Petition for Declaratory Ruling Allowing 100% Foreign Ownership of Broadcast Station Licensees
Posted in Broadcast Regulation, Foreign Ownership, TransactionsThe Media Bureau of the Federal Communications Commission (FCC) has released the first-ever decision permitting foreign citizens to own 100% of broadcast station licensees. In the declaratory ruling, the FCC authorized two Australian citizens each to own 50% of Frontier Media, LLC, the parent company of broadcast licensees owning seven AM radio stations, eight FM radio… Continue Reading
Deadlines Announced for Broadcast Foreign Ownership Rulemaking Comments
Posted in Broadcast Attribution, Broadcast Regulation, Foreign Ownership, TransactionsIn a post last week, we told you that the Federal Communications Commission had issued a Notice of Proposed Rulemaking (“NPRM”) proposing to streamline the process for broadcast companies to obtain Commission consent to exceed the 25% benchmark for foreign investment in their parent companies. Today, the NPRM was published in the Federal Register, and… Continue Reading
FCC Proposes to Streamline Foreign Ownership Approval Process for Broadcasters, Creating Potential for New Investment Opportunities
Posted in Broadcast Attribution, Broadcast Regulation, Foreign Ownership, TransactionsOn October 22, 2015, the Federal Communications Commission (“FCC” or “Commission”) issued a Notice of Proposed Rulemaking (“NPRM”) proposing to simplify the process for broadcast companies to obtain Commission consent to exceed the 25% benchmark set by Section 310(b)(4) of the Communications Act for foreign investment in their parent companies. The NPRM also seeks comment… Continue Reading
FCC Media Bureau Allows Pandora to Acquire Radio Station, Approving Pandora’s Plan for Compliance with Waiver of Communications Act’s 25% Foreign Ownership Limit
Posted in Broadcast Regulation, Foreign Ownership, TransactionsJust over a month after the Federal Communications Commission (FCC or Commission) adopted its Declaratory Ruling (Pandora Ruling) allowing Internet streaming music provider Pandora to exceed the Communications Act’s 25% benchmark for foreign investment in broadcast licensee parent companies, the FCC’s Media Bureau granted Pandora’s application to acquire South Dakota radio station KXMZ. The Bureau… Continue Reading
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, TransactionsAs 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 OwnershipThe 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
FCC Seeks Comment on Pandora’s Petition for Relief from the Communications Act’s 25% Foreign Ownership Benchmark
Posted in Broadcast Regulation, Foreign Ownership, Music LicensingIn the latest chapter of the attempt by Internet streaming music provider Pandora to acquire a South Dakota radio station, the Federal Communications Commission (FCC) has asked for comments on the petition for declaratory ruling that Pandora filed in late June. The petition, as we explained previously, is the first one filed by an entity… Continue Reading
Pandora Requests FCC Permission to Exceed 25% Foreign Ownership Benchmark Under Section 310(b)(4), Providing First Test of FCC’s Case-by-Case Approach to Broadcast Foreign Investment
Posted in Broadcast Regulation, Foreign Ownership, Music LicensingJust over a year ago, Internet streaming music provider Pandora filed an application seeking FCC consent to acquire a South Dakota radio station, KXMZ(FM). As we explained at the time, Pandora was motivated in part by a desire to qualify for lower royalties for public performances of musical works in the repertories of the American… 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 OwnershipAs 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
FCC Will Review Foreign Ownership Exceeding 25% in Broadcast Companies on Case-by-Case Basis
Posted in Broadcast Regulation, Foreign OwnershipOn November 14, 2013, the Federal Communications Commission (FCC or Commission) issued a Declaratory Ruling clarifying its foreign ownership policy for broadcast licensees. Specifically, the Commission stated that it will now consider, on a case-by-case basis, proposals for foreign investment in the parent company of a broadcast licensee in excess of 25%. Prior to the… Continue Reading
FCC Ruling Could Expand Broadcaster Access to Foreign Investment
Posted in Broadcast Regulation, Foreign OwnershipThe Federal Communications Commission (FCC or Commission) is expected to adopt a declaratory ruling at its November 14, 2013 open meeting clarifying the FCC’s foreign investment rules for broadcast properties. Specifically, the declaratory ruling will reverse long-standing policy and affirm that the FCC will consider proposals for foreign investment in broadcast licensee parent companies in… Continue Reading
FCC To Consider More Permissive Approach to Foreign Ownership
Posted in Broadcast Regulation, Foreign OwnershipUpdated. The FCC has announced that it intends to consider foreign investment in broadcast companies at its November 14, 2013 open meeting. Specifically, the Commission will address a petition for declaratory ruling filed by a group of broadcasters and consumer organizations seeking clarification of the FCC’s policy for foreign investment in broadcast licensees under Section 310(b)(4)… Continue Reading
Pandora’s Proposed Broadcast Radio Station Purchase Raises Objections Based on FCC Foreign Ownership and Attribution Rules as Well as Performance Royalty Issues
Posted in Broadcast Attribution, Broadcast Regulation, Copyright, Foreign Ownership, Music LicensingIn June, Pandora announced plans to purchase a South Dakota radio station, KXMZ(FM), from Connoisseur Media, LLC. From the outside, it might have seemed curious that a pure-play Internet webcaster would seek to enter the broadcast radio business by purchasing a single station. But Pandora explained that, among other things, the company wanted to buy… Continue Reading