PARAMOUNT SET TO BE 49.5% FOREIGN-OWNED

According to documents submitted to the Federal Communications Commission, the merged company will hit the 49.5% foreign ownership threshold permitted under U.S. broadcasting regulations. This ceiling exists to maintain American control of media companies holding broadcast licenses. The merger combines two major media conglomerates with extensive U.S. broadcast operations, requiring FCC approval due to foreign ownership rules. The 49.5% cap represents the highest allowable non-U.S. ownership stake for companies operating television and radio stations in America. The filing indicates substantial international investment in the combined entity, reflecting global capital flows in the media sector. Both Paramount and Warner Bros. Discovery operate significant broadcast networks, making the foreign ownership calculation critical to merger approval. The FCC must weigh whether the transaction serves the public interest while complying with foreign ownership restrictions. No timeline for FCC decision has been announced.