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FCC allows foreign investors in US media
The gist
The FCC approved foreign investors to back Paramount's $110 billion Warner Bros Discovery bid.
The ruling lets foreign money fund a major US broadcaster, with national security conditions.
How it unfolded
- Sep 4, 2026Paramount reached a Letter of Agreement with federal national security officials; FCC approval is conditioned on complying with it.
- Sep 17, 2026The FCC's Media Bureau released a declaratory ruling approving Paramount Skydance's request to let foreign investors back its $110 billion acquisition of Warner Bros Discovery, waiving the 25% cap on foreign equity ownership and saying individual investors could own up to 20% of the equity.
- Sep 17, 2026The FCC said foreign investors can have no voting stock and will not have influence, direction or control over Paramount's content decisions, company management, or access to non-public data on US citizens.