Clyburn Stmt. on Increasing Access to Capital for Broadcast Industry
Federal Communications Commission
News Media Information 202 / 418-0500445 12th Street, S.W.
Washington, D. C. 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. Circ 1974).
NEWS MEDIA CONTACT:
October 24, 2013
Justin Cole, 202-418-0611
Statement of FCC Acting Chairwoman Mignon Clyburn on
Increasing Access to Capital for the Broadcast Industry"Today, I circulated a declaratory ruling that clears the way for increased access to capital and potential
new investors for the broadcast sector. Approval of this item will clarify the Commission's intention to
review, on a case-by-case basis, proposed transactions that would exceed the 25 percent benchmark that
restricts foreign ownership in companies holding broadcast licenses. I look forward to working with my
colleagues toward a final Commission vote next month."
News about the Federal Communications Commission can also be found
on the Commission's web site www.fcc.gov.
Note: We are currently transitioning our documents into web compatible formats for easier reading. We have done our best to supply this content to you in a presentable form, but there may be some formatting issues while we improve the technology. The original version of the document is available as a PDF, Word Document, or as plain text.