IHeart Pushing Pai Office for Foreign Ownership Approval
The FCC should act promptly on iHeartMedia’s petition to be up 100% foreign owned, said executives in a call Monday with Matthew Berry, chief of staff to Chairman Ajit Pai, per a filing in docket 20-51. A similar call Aug.…
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28 was between iHeart and Pai’s media adviser, Alexander Sanjenis. Team Telecom -- DOJ, DOD and the Department of Homeland Security -- OK'd the petition in June, and similar petitions have been approved, the radio station owner said. “Grant of the Petition would clear the way for greater investment in broadcast as radio emerges from the economic challenges posed by the COVID-19 pandemic.” The petition is intended to give flexibility to sell stock, and was endorsed by Commissioner Mike O’Rielly (see 1908120040).