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What Did the FCC Approve Yesterday?

R

Radio Ink Buzz Stream

On Thursday the Federal Communications Commission clarified its policies and procedures for reviewing broadcasting transactions that would result in foreign ownership stakes exceeding a 25 percent benchmark set by statute. In a statement following the FCC vote, the commission said this move will "potentially remove obstacles to new capital investment, which will support small business, minority, and female broadcast ownership, and spur innovation."

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