Middle East dictatorships can now buy a stake in U.S. media.

cross-posted from: https://lemmy.world/post/52087992

The Federal Communications Commission has greenlit Paramount’s petition to allow foreign investors to own at least 49.5 percent of its equity—should the media behemoth successfully acquire Warner Bros. Discovery.

…

  • egregiousRac@piefed.socialEnglish
    5·
    7 days ago

    The framing of the article is a bit odd. Fox was owned by Australians and as far as I know, Newscorp, the news side of Fox, still is.

    • blkvvvs@lemmy.zipOPEnglish
      1·
      7 days ago

      It’s cuz the investors are the scary brown folks /s. Plus, I imagine the reporter on this story is also concerned about press freedoms in the those respective countries, how they plan on using their influence, etc. I know some folks have ditched EA because they don’t trust the new investors either.