EQUIPThe Verge · 1h ago
Brendan Carr’s FCC is more worried about who The View interviews than foreign governments owning Paramount
Executive Brief
The 30-second read
The FCC has waived standard foreign equity limits to allow Gulf sovereign wealth funds a 49.5 percent stake in Paramount-Warner Bros. This regulatory shift facilitates significant capital infusion from Saudi Arabia, Qatar, and Abu Dhabi into major American media infrastructure.
- 01FCC waived the 25 percent foreign ownership cap for the Paramount-Warner Bros merger
- 02Sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi will hold 49.5 percent equity
- 03Current regulatory focus prioritizes domestic broadcast content oversight over traditional foreign investment restrictions
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The FCC has announced it's waiving its rules limiting foreign equity ownership to 25 percent in the Paramount-Warner Bros. case and will allow three sovereign wealth funds run by the governments of Saudi Arabia, Qatar, and Abu Dhabi to own 49.5 percent of the company. During Brendan Carr's tenure, the FCC has repeatedly threatened ABC, […]