Federal Communications Commission
News Media Information 202-418-0500
445 12th Street, S.W.
Washington, DC 20554
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. Cir. 1974).
FOR IMMEDIATE RELEASE:
NEWS MEDIA CONTACT:
October 24, 2013
Matthew Berry, 202-418-2005
STATEMENT OF COMMISSIONER AJIT PAI ON CIRCULATION OF
DECLARATORY RULING ADDRESSING FOREIGN INVESTMENT IN
I am very pleased that Chairwoman Clyburn has circulated an item to modernize the
agency's approach to foreign investment in the broadcasting business. Over a year ago, I called
for the elimination of the de facto
ban on any foreign investment in a U.S. broadcast holding
company that exceeds a 25 percent benchmark.1 I am now optimistic that we will take that step
at our next Commission meeting.
Under our rules, a foreign company can indirectly hold more than a one-quarter stake in
our nation's largest wireless carriers, cable operators, cable programmers, and Internet backbone
providers. Yet that company cannot own a similar interest in a single radio station in rural
Kansas. This disparity makes no sense, especially considering the difficult financial
circumstances facing many broadcasters. Now is the time for the Commission to revise this out-
I applaud the Minority Media and Telecommunications Council and the Coalition for
Broadcast Investment for their leadership on this issue. They have persuasively explained how
modernizing our foreign investment rules will enhance ownership diversity and give
broadcasters greater access to capital. I also thank all of those at the Commission who engaged
in the intra-governmental coordination necessary to move this proposal forward.
Remarks of Commissioner Ajit Pai before the NAB Radio Show at 56 (Sept. 19, 2012), available at
; see also Review of Foreign Ownership Policies for Common Carrier and Aeronautical
Radio Licensees under Section 310(b)(4) of the Communications Act of 1934, as Amended
, IB Docket No. 11-133,
Second Report and Order, 28 FCC Rcd 5741, 584041 (Apr. 18, 2013) (Statement of Commissioner Ajit Pai), available at http://go.usa.gov/WxhA
; Statement of Commissioner Ajit Pai, Hearing Before U.S. Senate Committee
on Commerce, Science, and Transportation, "Oversight of the Federal Communications Commission" at 9 (Mar. 12,
2013), available at http://go.usa.gov/Wxh9
; Statement of Commissioner Ajit Pai on Modernizing Approach to
Foreign Investment in Broadcast Stations (Feb. 26, 2013), available at http://go.usa.gov/Wxhm