Paramount-WBD Foreign Interests Require Review, FCC’s Gomez Says

The Federal Communications Commission should review the foreign interests behind the proposed Paramount-Warner Bros. Discovery merger, Commissioner Anna Gomez says in a statement.

• Foreign governments and their representatives are prohibited from owning the FCC-regulated broadcast licenses of CBS, a Paramount subsidiary, under federal law, the statement says
• “Any indirect foreign ownership above 25 percent requires Commission approval after a serious look into whether that arrangement serves the American public and protects our national security,” she adds

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Tyler Clifford in Washington at tclifford13@bloomberg.net

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