ACV Seeks Post-Bankruptcy Foreign Ownership OK
America-CV Station Group wants the FCC to allow the company to be up to 100% foreign owned due to a bankruptcy reorganization, said an undocketed petition for declaratory ruling posted Tuesday. The agency already OK'd transfers of control associated with…
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the reorganization, transferring ACV’s four TV stations in Puerto Rico and one in Miami to Vasallo TV Group, which is owned by Spanish citizen Carlos Vasallo, the filing said. The bureau asked ACV to refile its petition after the transfer, it said. ACV was 21.9% foreign-owned before the bankruptcy, it said.