A Mexican Media Giant Wants ‘R’ Texas Stations
Style Magazine Newswire | 4/19/2019, 1:12 p.m.
In February 2017, a husband and wife who are not U.S. citizens but have been living in Alaska since 2006 became the first foreigners to obtain FCC approval for 100% ownership of an AM or FM radio station. Then came the Commission’s August 2018 OK for a citizen of the United Kingdom and his Polish wife living in the U.S. since 2015 on E-2 investor visas to become the new owners of an Upstate New York radio station left for dead by its financially strapped seller. Now, one of the most significant foreign ownership petitions to arrive at the FCC could see a Mexican multimedia giant gain full control of four stations once a part of Border Media Partners’ 33-station stable and for the past seven years have been owned by the company doing business as R Communications.