FCC Approves 49.5% Foreign Ownership of Paramount-Warner Bros.

The Federal Communications Commission has approved a petition from Paramount to permit foreign entities to hold 49.5% of its equity following the completion of the Warner Bros. Discovery deal. Because Paramount owns 28 TV stations, it required FCC authorization for foreign ownership exceeding 25%. This strategic acquisition of WBD is supported by three Gulf investors, enabling the company to proceed with the ownership structure necessary to finalize the merger between the two media giants.