RUMOR MILL
Thursday, March 18, 2021
GLOBAL APPLIES TO ACQUIRE HALF OF iHEART
Europe's largest radio company, Global, has applied to increase its stake (8.8%) of iHeartMedia to 49.9%, filing its request to acquire half of the U.S. media conglomerate with the FCC on Monday, Bloomberg reported.
U.S. law requires an exemption for foreign ownership of U.S. broadcast companies. In its request for exemption, Global stated that it is fully compliant with foreign-ownership rules and is set on “providing for the free transferability of the publicly traded stock of a company like IHeart and promoting increasing cross-border investment in media companies.”
Global is home to U.K. radio stations Capital, Heart and LBC, among others.
Stay tuned for the FCC's decision.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
