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U
S A 18. REGULATION OF FOREIGN OWNERSHIP
OF PUBLICATIONS A broadcast licensee must be a United States citizen or an
ownership entity controlled by U.S. citizens. The Federal Communications Commission has defined non-citizens
as the following: foreign governments, aliens or representatives
of aliens or foreign governments; corporations organized under foreign
laws; corporations with aliens as directors; corporations of which
20 per cent or more of the stock is owned or voted by aliens, foreign
governments, representatives of aliens or foreign governments or
corporations organized under foreign laws; a corporation controlled
by other companies that have aliens as officers or where aliens
occupy 25 per cent or more of the director positions on the board
or where at least 25 per cent of stock is voted by aliens, foreign
governments, representatives of foreign governments or corporations
organized under foreign laws.
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