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U.S. Broadcasters Not Likely to See Foreign Buyers

U.S. Broadcasters Not Likely to See Foreign Buyers

Though Britain plans to open its broadcast industry to foreign ownership, don’t look for this country to follow suit. There’s a 20% cap on foreign ownership of any U.S. broadcaster; that cap rises to 25% on indirect ownership interests.
Experts told The Wall Street Journal they doubted the U.S. would move to change its rules in a similar fashion due to increased security concerns since the terrorist attacks.
Last week, Britain said it planned to eliminate its rule that limits ownership of its broadcast companies to 25% by companies outside the European Union.

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