FEDERAL COMMUNICATIONS COMMISSION ISSUES RULE: REVIEW OF FOREIGN OWNERSHIP POLICIES FOR BROADCAST, COMMON CARRIER AND AERONAUTICAL RADIO LICENSEES

WASHINGTON, April 9 -- Federal Communications Commission has issued a rule called: Review of Foreign Ownership Policies for Broadcast, Common Carrier and Aeronautical Radio Licensees.

The rule was published in the Federal Register on April 9 by Marlene Dortch, Secretary, Office of the Secretary.

Summary: In this document, the Federal Communications Commission (Commission or FCC) adopted a Report and Order to update foreign ownership rules for common carrier and broadcast licensees to clarify the Commission's review under section 310(b) of the Communications Act of 1934. With regard to common carrier licensees, the Report and Order adopted rules to codify existing policy regarding which entity is the controlling U.S. parent; codify the Com...