FCC Allows Foreign Investors in American Media—What Could Go Wrong?

a month ago by Corvidae to c/news

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

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.

...

crispbacon99 110 points a month ago

Republicans and AIPAC dems are selling out every piece of America and its citizens at record pace since their polling is at record lows

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UnderpantsWeevil 0 points 24 days ago

Don't worry, of elect Democrats, I'm sure they'll fix it

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BigMacHole 79 points a month ago

Allowing the LEADERS OF 9/11 to CONTROL OUR NEWS is putting America First!

-LITERALLY Republicans!

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frustrated_phagocytosis 64 points a month ago

So basically it's an auction to the highest bidder for control over US media landscape.

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Kyrgizion 29 points a month ago

Gonna be Saudi Arabia taking majority stakes there, no doubt about it.

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cmbabul 8 points a month ago

If China wanted to they could drown the saudis out

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Rhaedas 21 points a month ago

China's game may be to let the rest of the world eat each other and then step in to the chaos left.

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frustrated_phagocytosis 11 points a month ago

It's probably in their interest to continue having a lot of stupid Americans with money to buy their products while they hold our debt. Unless another market exists to replace us, we can't be allowed to completely collapse. Not that it's much better being in limbo.

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cmbabul 2 points a month ago

I agree, just pointing out that they could if they wanted to

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UnderpantsWeevil 1 point 24 days ago

China won't be invited to the auction. Maybe we'll let in South Korea or India, though.

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kreskin 2 points a month ago

It'll be a different middle eastern country taking over. One we cant mention.

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Corkyskog 1 point 25 days ago

Will it? How much money do they have after all the necessary oil infrastructure repairs? Or are they giving up on oil to become American oligarchs?

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Kyrgizion 4 points 25 days ago

SA has majorly diversified their holdings over the last decade or so. They're no longer solely dependent on Aramco (although still majorly). Specifically they own a lot of the global media landscape, both outright and through more... obscure means.

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UnderpantsWeevil 1 point 24 days ago

auction to the highest bidder

Literally how media ad space has always been sold.

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EndOfLine 44 points a month ago

But wouldn't allow a Chinese company to own a social media site operating in the US.

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driving_crooner 18 points a month ago

The Chinese didn't paid enough

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Gullible 8 points a month ago

The bribes didn't go through yet.

Side thought, I don't think the current political structure of the US would suit china, if they ended up holding soft power over it. I think they'd purge people pretty quickly.

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mikenurre 4 points a month ago

The harvested data wasn't going to the 'right' places.

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FlyingCircus 1 point a month ago

Capitalism is a big club, and the socialists ain’t in it.

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boonhet 6 points 25 days ago

Socialists? Where?

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SGGeorwell 23 points a month ago

Osama bin Laden is laughing his ass off!

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SethTaylor 22 points 25 days ago

Finally, I can buy Fox News and turn it into what it was meant to be: 24/7 news about foxes

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Aqarius 11 points 25 days ago

I feel I would end up watching that more than I would be willing to admit

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kreskin 19 points a month ago

Nice. certain countries I can't mention here can skip the middle man and just own our propoganda outlets directly.

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unexposedhazard 16 points 25 days ago

Basically nothing could go wrong, because Israel and the oil lobby already owns all the media lol

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UnderpantsWeevil 1 point 24 days ago

Who else is going to buy in?

The Saudis? They don't have any money right now. The Dutch maybe? Brazil?

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floofloof 14 points a month ago

Come on Canada, you know what to do.

Actually I'm not sure it's worth it. It's still giving money to Americans. But it would be funny to be able to inundate them with propaganda of our choice.

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CannonFodder 10 points a month ago

Hmmm. Canada could buy 49% of Fox. Some sympathetic American group 2% and slowly make it sane.

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Tyrq 5 points a month ago

That's some maple covered neighbourly propaganda there eh, we'll get you spruced up in no time.

You'll get to know the log jammers waltz whether you like it or not

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ZILtoid1991 13 points 24 days ago

aMEriCA fIrST

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GolfFoxtrotLima 3 points 24 days ago

America “first” is always America last, always

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UnderpantsWeevil 1 point 24 days ago

What are you talking about? Americans are going to make big profits off this

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sportsjorts 3 points 24 days ago

I don’t really count the Epstein class as Americans. But that’s just me.

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UnderpantsWeevil 2 points 24 days ago

Nothing more American than kidnapping children to feed them to the Reich

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4grams 2 points 24 days ago

America .51th

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betanumerus 2 points 24 days ago

Not if foreign investors control US media.

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CharlesDarwin 10 points 24 days ago

I'd love to see this smug asshole thrown in prison. The way douchenozzles like him pretend they are being above board on everything while gaslighting everyone.

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melsaskca 9 points 25 days ago

trump is the FCC. Why show that bald, glasses guy?

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Corvidae 8 points 25 days ago

He's the Chairman of the FCC Brendan Carr.

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SethTaylor 4 points 25 days ago

More like seat warmer, am I right, folks?

Stick around, we have a great show for you tonight aaaaaand we just got cancelled for that joke I just did

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melsaskca 1 point 25 days ago

A rose is a rose is a rose. trump makes the call, the bald glasses guy jumps.

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CharlesDarwin 3 points 24 days ago

Someone has to implement tiny-d donnie's vibes, though.

Yes, we know he's all-in on the actual cancel culture that cons crave, so donnie picked him for that reason.

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Lydon_Feen 8 points 25 days ago

I bet it's the saudis.

Great crowd to be friends with...

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foodandart 8 points a month ago

This just means that no one watches TV news anymore. God knows, its been 27 years since I have.

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myyass 5 points a month ago

This just means that no one watches TV news anymore. I have free cable, long story, and I still don't watch it.

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foodandart 2 points 25 days ago

Indeed. I had a choice to make when broadband was first rolled out in my hometown. Pay for cable TV or internet. Didn't have the capability for both, and figured that paying for a two-way communication service was a better deal, so the cable TV was cut in '99.

I used to watch the network nightly news on youtube but I noticed that the programming got shorter and shorter each year.. as the commericals took more of the half-hour airtime.. it was like.. naaah.. so quit it all and switched to news journals and independent sources.

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myyass 2 points 25 days ago

Oh yeah, you could actually watch a movie on TV around then. Now all I think is STFU whenever I an advertisement for anything comes up. Adding in all the websites that are like sign up! make an account! pay us please, turn off your adblocker (on my phone I use a neutral DNS lol.)

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Uranus_Hz 7 points a month ago

Isn’t Rupert Murdock Australian?

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pulsewidth 10 points a month ago

He renounced his Australian citizenship in 1985, when he became a full US citizen.

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bufalo1973 6 points a month ago

Ask any other country, where US money is in every media.

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No_Eponym 5 points 25 days ago

Cries in Postmedia Network Canada Corp

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wheezy 6 points a month ago

So not JUST Israel? Let's be real. This is in reality just a way to legalize Zionist interest. It's not like they're gonna let the CCP start a media station

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monkeyslikebananas2 6 points a month ago

If you were writing the story of the end of the American Empire you would be right around the part where leadership was selling out to the highest bidder to try to save themselves.

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vercetti 2 points 25 days ago

Save themselves from what? As the country continues to deteriorate, the parasites profiting from its downfall will just go somewhere else. They can afford it.

It's the dumbasses that keep supporting these con artists that are going to suffer.

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monkeyslikebananas2 1 point 25 days ago

That’s my point, the parasites (that don’t have the means quite yet) are gathering up everything they can sell and trying to collect what they can so they can try to survive what is coming.

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TwinTitans 5 points 24 days ago

Late stage capitalism. Line must go up!

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Burn_The_Right 5 points 25 days ago
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betanumerus 4 points 25 days ago

Middle Eastern royalty, Putin, and Xi Jinping can now influence US elections just like the US can influence Canadian elections through Postmedia Network. The prize of national lawmaking now goes to the highest international bidder. Very consistent with Jabba the Hutt willing to have the oil industry keeping him "elected".

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amgine 3 points 25 days ago

He looks exactly like what you’d expect

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postmateDumbass 2 points 24 days ago

Citizens United not killing the nation fast enough?

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GenXLiberal 2 points 24 days ago

Star Trek is gonna be weird

Assuming there still is going to be new Trek…

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FiniteBanjo 2 points a month ago

China's been pushing down hard on the movie industry for decades. The majority of AMC executives put friendliness with China in the bio on their profiles. Disney capitulates to China to the extent that they're willing to remake posters excluding african americans.

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Toasticus 2 points 25 days ago
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Arancello 1 point a month ago

Ok, so what americans demand from ever other country is to gain access and control over their media. But its not ok for foreigners to do the same thing?

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Zaktor 3 points a month ago

Fair point, but also a nontrivial amount of the blame for the rise of US fascism can be placed at the feet of an Australian media mogul.

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Arancello 1 point a month ago
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Zaktor 4 points a month ago

Doesn't change that Australia made him who he is. He was over 50 and trying to expand his media empire when he changed citizenship. It's not like America turned a good Aussie bad.

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Arancello 1 point 25 days ago
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ParlimentOfDoom 3 points 25 days ago

Renouncing your citizenship doesn't change your origin

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kreskin 1 point a month ago

depends on which foreigners

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vercetti 1 point 25 days ago

Why would we get upset over foreign investment but not domestic investment?

It's not like either of them have our best interests at hand.

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Lor 1 point 24 days ago

wow

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