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FCC Commissioner Calls For “Rigorous” Review Of Foreign Ownership Investment In Paramount’s Proposed Acquisition Of Warner Bros. Discovery

Deadline·Ted Johnson·27 days ago
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The sole Democrat on the FCC is calling on the agency to investigate and examine foreign investment in Paramount ‘s proposed merger with Warner Bros. Discovery . Paramount has disclosed that total foreign ownership of the combined company would be 49.5%, including 38.5% from investment funds from Saudi Arabia, Qatar and Abu Dhabi. Paramount has petitioned the FCC to sign off on the foreign investment, as any foreign ownership stake above 25% requires commission approval. Gomez said in a statement, “The American public deserves to know who owns the airwaves that carry their news. I am alarmed by what appears to be an effort to rubber stamp a financial structure that places nearly half of one of America’s largest broadcast and media companies into the hands of foreign governments with documented records of press suppression and a troubling willingness to silence journalists.” Watch on Deadline A Paramount spokesperson declined comment.…

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