Media Bureau Dismisses SBS Foreign Ownership Petition
The FCC Media Bureau dismissed Spanish Broadcasting Systems’ petition for declaratory ruling seeking permission to be over 25% foreign owned after the broadcaster sought to withdraw it (see 1805290041), said a letter Tuesday. A group of SBS shareholders urged the…
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agency not to dismiss the petition because it relates to their ongoing litigation with the broadcaster over whether their investment led to the company overtopping the FCC foreign-ownership threshold. Dismissal of the PDR, as requested by SBS, serves the public interest in light of the circumstances,” said the Media Bureau. After a Delaware Chancery Court rules on that case, SBS has to inform the FCC of the results and may have to file another petition, MB said.