iheartmedia receives approval from the fcc to increase foreign ownership to 100%

New york--(business wire)--iheartmedia, inc. (nasdaq: ihrt), the number one audio company in america, today received a declaratory ruling from the federal communications commission (fcc) approving an increase in iheartmedia's authorized aggregate foreign ownership from 25% to 100%, subject to certain conditions set forth in the declaratory ruling. the fcc concluded that the public interest would not be served by prohibiting foreign investment in iheartmedia of up to 100%. the fcc's decision wil
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