Connoisseur Media, Pandora Lobby FCC Seeking OK of KXMZ Deal
The seller of KXMZ(FM), Box Elder, South Dakota, and would-be buyer Pandora lobbied the FCC last week seeking "expedition since the proposed transaction has been pending for nearly two years," they said in a filing in docket 14-109. An FCC…
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order Monday let Pandora exceed the 25 percent limit on foreign ownership and be as much as 49.9 percent foreign owned (see 1505040065">1505040065), as expected (see 1504280046). Foreign-ownership reporting conditions that might be proposed in the declaratory ruling that Pandora seeks and whether the company would be willing to accept them were discussed, said the filing on meetings with aides to Commissioners Mike O'Rielly and Ajit Pai, also attended by representatives of KXMZ owner Connoisseur Media. "We also reiterated the public interest benefits of Pandora's programming for listeners of KXMZ," it said of the meeting with an aide to O'Rielly. But the FCC didn't approve Pandora's buy of KXMZ, and the order drew concern from O'Rielly and Pai.