Tag
The FCC has approved Paramount's plan to sell a 49.5% equity stake to sovereign wealth funds from Saudi Arabia, the UAE, and Qatar, raising concerns about foreign influence over US media.
The FCC under Brendan Carr has waived foreign ownership rules to allow sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi to own 49.5% of Paramount-Warner, drawing criticism for prioritizing foreign interests over domestic media scrutiny.