Univision Foreign-Ownership Decision Could Be Template for Future Requests
The FCC Media Bureau's decision to approve Univision's foreign-ownership request Tuesday (see 1701030055) could be a guide for how future requests will be handled, said Wilkinson Barker broadcast attorney David Oxenford in a blog post Wednesday. “This decision provides a…
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good basis for determining what issues any potential foreign investor in a US broadcast station would face, particularly when investing in a public US company.” The FCC has other foreign-ownership requests pending with companies such as Frontier Media, and with those decisions the process could become routine, Oxenford said. “The FCC’s decision will enable Univision to accommodate increased foreign investment that may result from share purchases by the public in an IPO while enabling Televisa (an existing investor in, and business partner of, Univision) to increase its current equity stake in the company,” said Univision and Grupo Televisa in a statement.