There’s no evidence of foreign influence over Pandora...
There’s no evidence of foreign influence over Pandora and the FCC can’t find that it’s in the public interest to deny its application to acquire a KXMZ(FM) Box Elder, South Dakota, said the company in meetings with aides to all…
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FCC members and staff from the Office of General Counsel, according to an ex parte filing posted Monday in docket 14-109 (http://bit.ly/1qqhZJh). Because it’s a widely held public company, Pandora is “unable to establish the identity, let alone the nationality of the majority of its shareholders” who have chosen to take advantage of SEC privacy rules, Pandora said. The company had asked the FCC to permit it to buy the station even if it’s up to 100 percent foreign owned (WID Sept 3 p8). The company’s leadership is almost entirely U.S. citizens, and the only shareholder that owns more than 5 percent of Pandora’s stock is a U.S. entity, the filing said. It said Pandora believes its foreign ownership is “likely in the 15-17 percent range."