Foreign Ownership for Sale: The FCC's Dubious Decision on Paramount The Federal Communications Commission (FCC) has allowed Paramount to sell nearly half of its equity stake to the sovereign wealth funds of Saudi Arabia, the United Arab Emirates, and Qatar.
This decision enables the global conglomerate to finance its acquisition of Warner Bros. Discovery. Critics have long warned about the dangers of foreign ownership in sensitive industries like media.
They argue that allowing a significant stake to be sold to repressive governments undermines national security and democratic values.