FCC Waives Foreign Ownership Limits for Paramount-Warner Bros. Amid Controversy

The FCC has waived its usual 25 percent foreign equity ownership limit in the Paramount-Warner Bros. case, permitting sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi to own up to 49.5 percent of the company. This decision occurs during Brendan Carr's tenure, which has seen the FCC focus more on content concerns such as interviews on The View than on foreign ownership issues.

Originally published by theverge