FCC to Vote to Ease Limits on Foreign Ownership

Relaxing the rule could give minority owners new sources for capital

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The Federal Communications Commission is set to raise the 25 percent investment limit on foreign investment in U.S. radio and TV stations. Acting chairwoman Mignon Clyburn put the item on the commission's agenda for its Nov. 14 meeting.

Had the decades-old 25 percent ownership been eased in the 80s, Rupert Murdoch wouldn't have had to jump through hoops and become a U.S. citizen to purchase the stations that eventually formed the basis of the Fox network.

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