O'Rielly Endorses iHeart Foreign Ownership Petition
An iHeartRadio petition for more flexibility (see 1907260068) to be foreign owned is “very consistent” with FCC Commissioner Mike O’Rielly’s views, he tweeted Monday. “Seeing many positives from recent @iHeartRadio petition re foreign ownership, as public companies have only so…
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much insight into its stockholders.” The petition said iHeart needs more flexibility to compete with companies that don’t face restrictions on foreign ownership. “Very consistent with my views & Admin comments last week on foreign investment in US,” O’Rielly tweeted. “Team Telecom exists to consider any problems.”