Communications Act of 1934

SPANISH BROADCASTING SYSTEM RECEIVES APPROVAL TO INCREASE LIMIT ON FOREIGN EQUITY OWNERSHIP

Retrieved on: 
Wednesday, February 15, 2023
Rule, Federal Communications Commission, Communications Act of 1934, Communications Act, FCC, SBS, Common stock, Petition, The Company, OTC Markets Group, Television, Security (finance)

MIAMI, Feb. 15, 2023 /PRNewswire/ -- Spanish Broadcasting System, Inc. (the "Company" or "SBS") (OTC Pink: SBSAA) today announced receipt of Federal Communications Commission ("FCC") approval to increase its limit on foreign ownership up to 49.99%.

Key Points: 
  • MIAMI, Feb. 15, 2023 /PRNewswire/ -- Spanish Broadcasting System, Inc. (the "Company" or "SBS") (OTC Pink: SBSAA) today announced receipt of Federal Communications Commission ("FCC") approval to increase its limit on foreign ownership up to 49.99%.
  • On February 3, 2023, the FCC released a Declaratory Ruling ("Ruling") granting the Petition for such relief filed by the Company.
  • Specifically, the Ruling allows foreign investors to own up to 49.99% of the Company's equity in the aggregate.
  • v. Spanish Broadcasting System, Inc.  Pursuant to the settlement agreement, that case was dismissed on February 18, 2021.

ExteNet Systems Prevails on Long Island

Retrieved on: 
Thursday, October 7, 2021
DAS, Caricature, Associate, Regulatory affairs, The Walt Disney Company, District court, Board, Communications Act of 1934, Assistant, United States district court, Federal, Court, Mobile phone

ExteNet initially approached the Village for such permits in 2017 and worked with the Village to design minimize the number of facilities and the aesthetic impact of such.

Key Points: 
  • ExteNet initially approached the Village for such permits in 2017 and worked with the Village to design minimize the number of facilities and the aesthetic impact of such.
  • In November of 2019 the Village denied ExteNet's application and ExteNet timely brought the instant Court action pursuant to the Federal Communications Act.
  • The case is ExteNet Systems Inc. v. Village of Plandome et al., U.S. District Court for the Eastern District of New York Docket no.
  • "ExteNet" is a registered trademark of ExteNet Systems, Inc.