FCC grants first 100% foreign control of U.S. broadcasters

The Juneau Radio Center on Feb. 28, 2017. (Photo by Christy Ciambor)
The FCC’s Media Bureau has granted a petition by a pair of Australian citizens to control 100 percent of broadcast stations (four radio stations in Alaska and Texas).
The FCC has granted aggregate foreign investments in broadcast licensees of up to 49.99 percent under foreign ownership rules loosened in 2013 (the Pandora decision), and just last month allowed foreign investors to own up to a 49 percent equity stake i