Liberman Broadcasting FCC Foreign Ownership Request Under Review: DOJ
Liberman Broadcasting has provided complete responses to initial questions from the Committee for the Assessment of Foreign Participation in the U.S. Telecom Services Sector, and the committee will complete its review within the 120-day deadline, said a letter in FCC…
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docket 19-386 Thursday (see 1912230036). Liberman wants the ruling allowing it to be up to 100% foreign-owned because of an upcoming bankruptcy reorganization that will lead to its being controlled by SLA, a company ultimately controlled by other Cayman Islands-based entities whose owners who are U.K. residents. DOJ said the committee is “conducting an initial review to assess whether granting the Application will pose a risk to the national security or law enforcement interests” of the U.S. and the FCC will be notified “promptly” if the review is extended or there’s need for a secondary assessment.