Foreign Ownership Request OK'd for Multimedios
The FCC Media Bureau granted Leading Media’s request for a foreign ownership declaratory ruling allowing it to buy five Texas radio stations as a subsidiary of Mexico-based company Multimedios, said an order and declaratory ruling in Friday’s Daily Digest. Leading’s…
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petition was unopposed, and DOJ, the Department of Homeland Security and DOD signed off on the request in August (see 1908280054). The declaratory ruling allows Mexican citizens Francisco Antonio Gonzalez Sanchez and Nora Patricia Albuerne de Gonzalez to hold 100 percent of the equity and voting interests in Multimedios.