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Pai Stmt on Modernizing Approach to Foreign Investment

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Released: February 26, 2013

NEWS
Federal Communications Commission

News Media Information 202 / 418-0500

445 12th Street, S.W.

Internet: http://www.fcc.gov

Washington, D. C. 20554

TTY: 1-888-835-5322

This is an unofficial announcement of Commission action. Release of the full text of a Commission order constitutes official action.
See MCI v. FCC. 515 F 2d 385 (D.C. Circ 1974).

FOR IMMEDIATE RELEASE:

NEWS MEDIA CONTACT:

February 26, 2013
Matthew Berry, 202-418-2005
Email: matthew.berry@fcc.gov

STATEMENT OF COMMISSIONER AJIT PAI

ON MODERNIZING APPROACH TO FOREIGN INVESTMENT IN BROADCAST

STATIONS

I am pleased that the Media Bureau is seeking comment on the Coalition for Broadcast
Investment's request that the Commission modernize its approach to foreign investment in
broadcast stations. As I pointed out last September, our current policy on foreign investment as
applied to the broadcast industry is anachronistic, illogical, and bad for minority ownership. 1 I
thank the Minority Media and Telecommunications Council for its leadership on this issue and
hope that the Commission will take swift action following the close of the comment cycle.

1 See Remarks of Commissioner Ajit Pai, National Association of Broadcasters Radio Show at 5-6 (Sept. 19, 2012),
available at http://hraunfoss.fcc.gov/edocs_public/attachmatch/DOC-316374A1.pdf.

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