Connoisseur Seeks Foreign Ownership Ruling
Connoisseur Media asked the FCC this week to issue a declaratory ruling allowing a subsidiary to be up to 100% foreign-owned to allow investments from Cayman Island-based investment funds and to allow a U.K. citizen -- Connoisseur CFO Oliver Price…
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-- to hold a noncontrolling interest in the company. Approval of the petition will provide Connoisseur “with greater access to capital, thereby enabling it to better compete in the media marketplace,” the filing said.