FCC exempts Paramount from regulation limiting foreign ownership of broadcaster
The Federal Communications Commission gave its approval to Paramount Skydance’s requested 49.5% foreign ownership stake in its pending merger with Warner Bros. Discovery on Thursday.
TL;DR
- The FCC has approved Skydance's foreign ownership stake in Paramount.
- The approved stake is 49.5%.
- This approval is part of the pending merger between Paramount and Warner Bros. Discovery.
- The FCC granted an exemption to regulations on foreign ownership of broadcasters.