HMTV Wants Foreign Ownership Ruling
Hemisphere Media Group (HMTV) wants the FCC to allow foreign investors to own up to 44.99 percent of the company, HMTV said in a petition for declaratory ruling posted online Thursday. HMTV is based in Miami and owns seven cable…
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networks that target Spanish language viewers and “the leading” broadcast TV network in Puerto Rico, said the petition in docket 16-238. Allowing HMTV to exceed the 25 percent ownership threshold will enhance “HMTV’s ability to raise capital and encourag[e] reciprocity from other governments that would facilitate investment by U.S. companies in broadcast stations located in other countries,” the petition said. Comments on the petition are due Aug. 29, replies Sept. 13, the Media Bureau said in a public notice. Univision and Frontier Media filed similar petitions in recent weeks.