Pai Stmt on Modernizing Approach to Foreign Investment

NEWS
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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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