Comments Due March 14 on Spanish Broadcasting Foreign-Ownership Request

Comments are due March 14, replies March 29, on Spanish Broadcasting System’s petition for declaratory ruling seeking FCC permission to be up 49.99 % foreign owned due to a litigation settlement, said a public notice Friday. The comments are to be filed in docket 22-61. Under the settlement, some investors -- including some foreign entities -- would receive a combination of cash and SBS stock, and could cause the company's aggregate foreign ownership to exceed the FCC’s 25% benchmark, the PN said.