WASHINGTON, D.C.—The current process for foreign ownership of US broadcast radio stations is often confounding to applicants. However, relief may be on the way, as the FCC is proposing streamlining and clarifying its rules for foreign ownership.
Veteran Womble Carlyle Telecom attorney John Garziglia examines these proposed changes in a new Radio Ink article. Garziglia writes, “Little by little, the FCC, along with Executive Branch agencies, is moving its regulatory processes into the realm of 21st century global commerce. The procedures proposed here do not relax foreign ownership restrictions. Rather, the procedures propose to bring an expectation of certain timing and set procedures to foreign investments in entities indirectly owning broadcast stations and other FCC-regulated entities.”
John Garziglia represents radio and television broadcasters, offering personalized assistance in all areas of communications and telecommunications law including transactional and contract negotiations for broadcast station mergers and acquisitions, the securing of financing, governmental auctions of new frequencies, license renewals, new stations applications, facility changes, facility upgrades, licensing, and compliance with FCC rules, regulations and policies.
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