The FCC under Brendan Carr has waived its 25% foreign equity ownership limit, allowing sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi to own 49.5% of Paramount. Critics note the irony of the FCC prioritizing political censorship of Democratic voices while permitting repressive foreign governments to gain a near-majority stake in a major American media company.
Background
The FCC maintains rules limiting foreign government ownership of US broadcast media to 25%, but these can be waived under certain conditions. The Paramount-Warner Bros. merger has prompted several sovereign wealth funds to seek significant stakes.
- Source
- The Verge
- Published
- Sep 18, 2026 at 11:12 PM
- Score
- 5.0 / 10