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FCC Approves 49.5% Foreign Ownership of Paramount-Warner Bros.
The FCC has approved Paramount's petition to allow 49.5% ownership by Gulf state sovereign wealth funds as part of its Warner Bros. acquisition.
The Federal Communications Commission on Thursday approved Paramount’s petition to allow 49.5% of its equity to be held by foreign entities once the Warner Bros. Discovery deal is complete.
Paramount owns 28 TV stations, and thus must get the FCC‘s a... [3053 chars]
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