Univision Restates Foreign Ownership Request

Univision filed a restated version of a request from April (see 2104290081) seeking an FCC declaratory ruling to allow the company to be more than 25% foreign-owned, so SoftBank and Liberty Global Ventures can own voting interests of more than 5%. The undocketed petition posted Wednesday was filed “pursuant to discussions with Commission staff.” The request is in the public interest because SoftBank and Liberty “are experienced investors with expertise in the media and communications sectors, and they are committed to supporting Univision’s decades long history of providing local broadcasting,” said the petition. “These investments likewise should not pose any national security or law enforcement concerns.”