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FCC Grants Waiver Allowing Foreign Sovereign Wealth Funds to Hold Significant Stake in Paramount-Warner Bros. Merger
In a move that has sent shockwaves through media policy circles and drawn sharp rebukes from government watchdogs, the Federal Communications Commission (FCC) has officially approved a request to waive its long-standing regulations concerning foreign equity ownership in the context of the proposed Paramount-Warner Bros. merger. The decision effectively clears a major regulatory hurdle for…
