The FCC should revise its March broadcast diversity order to defi...
The FCC should revise its March broadcast diversity order to define who stands to benefit from it and let foreign companies take larger stakes in U.S. companies, said the Diversity and Competition Supporters coalition. Its Monday petition for partial…
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reconsideration said the agency made “two very substantial errors” in not adopting a “workable ‘eligible entity’ definition of the class of beneficiaries” and rejecting foreign ownership reform. Section 301(b)(4) of the Communications Act lets the FCC allow foreigners to own more than 25 percent of a broadcast licensee if it’s in the public interest, said the coalition. “The Commission denied DCS’ deregulatory proposal without giving a specific substantive reason. Its procedural justification -- the need for a rulemaking proceeding -- is puzzling since, by definition, a rulemaking proceeding is sought in every petition for rulemaking.”