7d ago
FCC Commissioner Demands Scrutiny of Paramount-WBD Deal Over 49.5% Middle Eastern Ownership
FCC Commissioner Brendan Carr publicly called for heightened review of the Paramount-Warner Bros. Discovery merger in May 2026, following Paramount's disclosure that the combined entity will be 49.5% owned by Middle Eastern sovereign wealth funds — Saudi PIF (15.1%), UAE sovereign fund (12.8%), and Qatar Investment Authority (10.6%). Paramount filed an FCC petition seeking Section 310(b)(4) approval for the foreign ownership stake.
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