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FCC Allows Foreign Investors in American Media—What Could Go Wrong? (newrepublic.com)
submitted 1 week ago by to c/fauxmoi@sh.itjust.works
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cross-posted from: https://lemmy.world/post/52087992

The Federal Communications Commission has greenlit Paramount’s petition to allow foreign investors to own at least 49.5 percent of its equity—should the media behemoth successfully acquire Warner Bros. Discovery.

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[–] 5 points 1 week ago (1 child)

The framing of the article is a bit odd. Fox was owned by Australians and as far as I know, Newscorp, the news side of Fox, still is.

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  • [–] [S] 1 point 1 week ago*

    It's cuz the investors are the scary brown folks /s. Plus, I imagine the reporter on this story is also concerned about press freedoms in the those respective countries, how they plan on using their influence, etc. I know some folks have ditched EA because they don't trust the new investors either.

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