GMEI Wants More Foreign-Ownership OK for IHeart
The FCC should let iHeartMedia be up to 49.99% foreign-owned, said iHeart investor Global Media & Entertainment Investments in an Oct. 8 call with Media Bureau Audio Division Chief Albert Shuldiner, said a filing posted Thursday in docket 21-141. IHeart…
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asked to be approved as only 14.99% foreign-owned (see 2105250041), and told the FCC GMEI has no standing to seek additional permission. The FCC “can best uphold its foreign ownership rules and policies by exercising its clear authority to grant the level of advance approval proposed by GMEI,” said the filing.