RE: https://mastodon.social/@blogdiva/117295346790177379
❝ The rule states that foreign entities can only own up to 25% of media companies that broadcast on public airwaves, and Paramount owns 28 TV such stations. Fortunately for David and Larry Ellison, the totally non-political #FCC has decided to allow a stake of 49.5% by a trio of wealth funds coming from the governments of #SaudiArabia, #Qatar and #AbuDhabi. That's right. Three Gulf states will own nearly half of #Paramount #WarnerBros…❞
https://www.engadget.com/2262681/fcc-allows-gulf-state-wealth-funds-to-own-nearly-half-of-paramount-warner-bros/
#media #corruptocracy #fascism
Quoting
RE: https://flipboard.com/@uniontribune/news-8v7kffr5z/-/a-Zu4IBizmQOS-iwR3qkddaQ%3Aa%3A340494876-%2F0
TO RECAP: besides underwriting most #AI fuckery, Saudis and Qataris have owned big chunks of:
#NYU
#Columbia
#Harvard
#Xitter
#Uber
#Disney
#NBA
#PremiereLeague#BlackRock
now they will be majority holders of:
#Paramount#CBS#HBO#FX#MTV#CartoonNetwork#WarnerBrothers #WB#ElectronicArts #EA#ComedyCentral
#SmithsonianTV
#BET
#Nickelodeon
#Miramax
#Dreamworks
#Scripps
#TurnerBroadcast
#Discovery
#MGM
should be noted their vector for this USA #media takeover was #Newscorp #FOXtv
Open quoted post