Comments on iHeart Foreign Ownership Petition Due March 26
Comments on iHeartMedia’s petition to be up to 100 percent foreign-owned (see 1907260068) are due March 26, replies April 10, said an FCC Media Bureau public notice Tuesday on docket 20-51. The radio broadcaster seeks remedial permission after learning its…
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bankruptcy reorganization and the purchase of a Oppenheimer -- a company that owned shares in iHeart -- by Bermuda-based company Invesco mean iHeart is 70 percent foreign-owned. Broadcasters are required to seek FCC permission to be more than 25 percent foreign-owned, but the bureau said iHeart followed the reporting rules. Commissioner Mike O’Rielly endorses iHeart’s request (see 1908120040).