The Coalition for Broadcast Investment asked the...
The Coalition for Broadcast Investment asked the FCC to relax rules limiting foreign investment capital for broadcasters in a meeting with aides to all three commissioners, according to an ex parte letter filed Wednesday (http://bit.ly/12iZVw3). According to the letter, the…
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coalition said broadcasters are facing increasing competition from “pay-television program networks, ‘over the-top’ providers and online services that are not subject to foreign investment limitations.” The coalition also said increasing access to capital would improve opportunities for minority media ownership and that “national security concerns” could be vetted with other agencies.